Alicon Castalloy Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 30, 2013 at 08:11 am
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Alicon Castalloy Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 1,272.445 million compared to INR 1,164.572 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 79.625 million compared to INR 61.764 million a year ago. Profit from ordinary activities before tax was INR 65.87 million compared to INR 36.168 million a year ago. Net profit was INR 49.555 million or INR 4.51 per basic and diluted share compared to INR 28.582 million or INR 2.60 per basic and diluted share a year ago.
For nine months, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 3,710.533 million compared to INR 3,365.376 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 202.336 million compared to INR 210.216 million a year ago. Profit from ordinary activities before tax was INR 153.545 million compared to INR 142.429 million a year ago. Net profit was INR 110.868 million or INR 10.08 per basic and diluted share compared to INR 110.096 million or INR 10.01 per basic and diluted share a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 1,073.979 million compared to INR 926.131 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 80.797 million compared to INR 76.011 million a year ago. Profit from ordinary activities before tax was INR 64.877 million compared to INR 47.189 million a year ago. Net profit was INR 48.562 million or INR 4.41 per basic and diluted share compared to INR 39.603 million or INR 3.60 per basic and diluted share a year ago.
For nine months, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 3,043.413 million compared to INR 2,694.318 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 247.231 million compared to INR 234.498 million a year ago. Profit from ordinary activities before tax was INR 198.531 million compared to INR 160.156 million a year ago. Net profit was INR 155.853 million or INR 14.17 per basic and diluted share compared to INR 127.822 million or INR 11.62 per basic and diluted share a year ago.
Alicon Castalloy Limited is an India-based company, which operates as a integrated aluminium casting manufacturer. The Company is the manufacturer of aluminum alloy dies castings mainly used in the automotive segment of the industry in India. The Companyâs products also cover the non-auto sector of the industry. The Companyâs casting services includes design, engineering, casting, machining and assembly, painting, and surface treatment of aluminum components. The Company offers its solutions to a diverse range of industries, such as automotive, agriculture, infrastructure, energy, locomotive, medical and health, aero and marine defense. The Company also serves automotive customers in Europe and the United States through its European subsidiary Illichmann Castalloy. It operates aluminum foundries in India and has developed a robust product pipeline. The Company's manufacturing plants are located at Shikrapur and Chinchwad (Maharashtra), Binola (Haryana) in India, and Slovakia in Europe.