Alicon Castalloy Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 25, 2014 at 06:33 pm IST
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Alicon Castalloy Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported total income from operations of INR 1,361.478 million against INR 1,277.609 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 60.984 million against INR 79.625 million for the same period last year. Profit from ordinary activities before tax was INR 47.815 million against INR 65.870 million for the same period last year. Net profit for the period was INR 32.514 million or INR 2.96 per basic and diluted share before and after extraordinary items against INR 49.555 million or INR 4.51 per basic and diluted share before and after extraordinary items for the same period last year.
For the quarter, on standalone basis, the company reported total income from operations of INR 1,126.037 million against INR 1,079.144 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 63.182 million against INR 80.797 million for the same period last year. Profit from ordinary activities before tax was INR 43.930 million against INR 64.877 million for the same period last year. Net profit for the period was INR 30.229 million or INR 2.75 per basic and diluted share before and after extraordinary items against INR 48.562 million or INR 4.41 per basic and diluted share before and after extraordinary items for the same period last year.
For the nine months, on consolidated basis, the company reported total income from operations of INR 3,977.937 million against INR 3,738.995 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 194.981 million against INR 202.336 million for the same period last year. Profit from ordinary activities before tax was INR 137.27 million against INR 198.53 million for the same period last year. Net profit for the period was INR 108.709 million or INR 9.88 per basic and diluted share before and after extraordinary items against INR 110.868 million or INR 10.08 per basic and diluted share before and after extraordinary items for the same period last year.
For the nine months, on standalone basis, the company reported total income from operations of INR 3,248.909 million against INR 3,059.703 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 174.553 million against INR 247.231 million for the same period last year. Profit from ordinary activities before tax was INR 137.267 million against INR 87.675 million for the same period last year. Net profit for the period was INR 101.166 million or INR 9.20 per basic and diluted share before and after extraordinary items against INR 155.853 million or INR 14.17 per basic and diluted share before and after extraordinary items for the same period last year.
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.
ALICON CASTALLOY LIMITED 
