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February 13, 2026 Alicon Castalloy Ltd Q3 & 9M FY26 Results Presentation
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2 Disclaimer Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such expressions may constitute "forward-looking statements“. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include but are not limited to our ability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to market risks as well as other risks. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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3 Contents About Alicon Q3 & 9M FY26 Highlights Concall Details
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4 Alicon Castalloy - Overview Offers end-to-end solutions spanning the entire spectrum of aluminum casting needs across multiple user industries Pioneer in India for processes of Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) Operates one of the largest Aluminum foundries in India Offers - Design, Engineering, Casting, Machining and Assembly, Painting and Surface Treatment of Aluminum Components Leaders in the development of Pro-Cast and Magma space in India Diversified marquee Customer base across core sectors in India coupled with steady rise in International presence Robust track record of 56 years, further enriched by 89 year legacy of Illichmann Castalloy
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5 Alicon Castalloy - At a Glance Total Income in FY25 1,724 cr EBITDA in FY25 198 cr customers with 801 Live Parts 91 Manufacturing Units 4 No. of product innovations FY25 36 countries of presence 18 No. of permanent Employees – Q3FY26 933
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6 Alicon Castalloy – Blending the best attributes Alicon Castalloy Largest Foundry in India – offering frugal engineering solutions 56 years of track record Atlas Castalloy Support in Engineering, Tool Design and manufacturing 20+ years of experience Enkei Corporation Leading Japanese motorcycle and passenger car wheel manufacturer 70+ years of experience Illichmann Castalloy European subsidiary - improving Alicon’s presence in US and European markets 89+ years of proven global track record A blend of European engineering skills, Japanese quality and inherent Indian ingenuity and frugality 235+ Years of Cumulative Experience
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7 One-stop shop for all engineering solutions related to aluminum alloy castings Prototype Design & Manufacturing Tool Design & Simulation Tool Manufacturing Fixture Design & Manufacturing Casting Manufacturing VA/VE Suggestions Machining & Sub-Assembly Painting Catering to key sectors of the Indian economy Automobile Infrastructure Defense Medical Energy Agriculture Aerospace Carbon Neutral
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8 Global Presence : Close-to-Demand Strategic locations enable shorter time-to-market and enhanced cost optimization Slovakia Austria Pune Binola Slovakia • Manufacturing Plant • Tool Room • Product Validation Lab Austria • International Marketing Office Chinchwad, Pune Maharashtra, India • Manufacturing Plant • Tool Room & Technology Centre • Product Validation Lab • Machine Shop Shikrapur, Pune Maharashtra, India • Manufacturing Plant • Product Validation Lab • Machine Shop Binola, Haryana, India • Manufacturing Plant • Product Validation Lab • Machine Shop 4 modern plants (1 international) High-end machines Advanced Technology Centre Globally competent Tool Rooms (20 tools/month) Full-edged Machine Shop (including assembly facility)
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9 Diversified base of marquee customers Diversity across markets and industries provides a natural hedge Not reliant on a single ‘anchor’ customer TWO & THREE- WHEELER OEMs FOUR-WHEELER OEMs TIER 1 & NON-AUTO Image result for garrett advancing motion logo
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10 Contents About Alicon Q3 & 9M FY26 Highlights Concall Details
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11 Q3 & 9M FY26 - Operational Resilience New Business Wins • In Q3 FY26, the Company has booked 4 new parts from 4 customers • This includes 3 parts from ICE business and 1 part from CN business. • 1 part pertains to the global business and 3 parts are for domestic customers Future Ready Alicon, as an organization is Future Ready to tap opportunities arising from: • Preference for Carbon Neutral tech such as hybrid, EV, fuel cells and hydrogen cells • Staggered introduction of vehicle scrappage policy • Thrust on higher fuel efficiency • Cost-optimisation & light-weighting of products Sustainable Cost-optimisation • Lower fixed expenses • Lean and Agile manufacturing processes • Focus on reducing overheads • Program to reduce interest cost • Plan to diversify energy mix Manufacturing processes • Manufacturing facilities operated at utilization levels of around 75% • After witnessing weakness in Q3FY25, the Company has delivered an improved performance in the last three successive quarters. This is despite the challenging macro-economic environment and cautious outlook of international customers owing to tariff uncertainty and supply chain disruption.
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12 Q3 & 9M FY26: Overview of Operating Environment Business & Macro-demand Highlights: • In Q3 FY26, the Global Auto Industry witnessed 1% YoY degrowth in production volumes. • During Q3 FY26, the Indian Automobile industry delivered a strong 16.4% growth, with broad -based momentum across all vehicle segments, supported by policy-led affordability improvements and festive season demand. • 15.0% growth in 2W segment on a yoy basis • 19.0% growth in PV segment on a yoy basis • 17.5% growth in CV segment on a yoy basis • The Passenger Vehicle (PV) segment recorded 19.0% YoY growth, achieving its highest -ever Q3 volumes, driven by improved consumer affordability following GST rate reduction, personal income tax relief, and lower financing costs due to successive RBI repo rate cuts. • Two-Wheelers (2W) posted robust growth of 15.0% YoY, crossing the 5-million-unit mark for the first time in a Q3, aided by the strongest festive season in recent years, GST 2.0 implementation, and improved household disposable incomes. Growth was led primarily by urban demand, with scooters outperforming motorcycles. • The Commercial Vehicle (CV) segment registered 17.5% YoY growth, marking its highest -ever Q3 sales, supported by increased freight activity, higher intra-city logistics demand, and consumption recovery following GST 2.0 reforms. • Overall industry sentiment remained positive through the quarter, backed by strong booking pipelines, full transmission of interest rate cuts, and policy-driven tailwinds, positioning the sector for continued momentum into Q4 FY26 and the full year.
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13 Q3 FY26 Highlights – Consolidated (In Rs. Crore) • In Q3, Total Income was higher by 10% YoY as the base quarter was impacted by weakness in CV business. Further, Total Income was slightly higher at 0.4% QoQ as Alicon continues to deliver a steady and sustained improvement in performance each quarter. • Gross profit was ₹203.0 crore with a 47.2% margin, higher by 138 bps YoY but lower by 168 bps QoQ due to change in sales mix and volatility in input prices. • Reported EBITDA of ₹47.2 Cr in Q3FY26 an increase of 34% YoY. EBITDA Margin increased from 8.9% in Q3FY25 to 10.9% in Q3FY26, signaling continued recovery from the dip in business performance in Q3FY25. EBITDA was lower by 3% QoQ due to factors impacting gross margin, write off of certain items and costs incurred due to management transition. • PBT and PAT improved sharply on a YoY basis aided by low base in Q3 last year. PBT and PAT were lower on a QoQ basis due to flow through impact of lower gross margin and EBITDA exacerbated by one-time charge due to Implementation of New Labour Codes. 392.9 428.9 430.8 Q3FY25 Q2FY26 Q3FY26 Total Income 1.0 19.0 10.6 Q3FY25 Q2FY26 Q3FY26 PBT 35.1 55.5 47.2 Q3FY25 Q2FY26 Q3FY26 EBITDA 0.8 13.9 3.3 Q3FY25 Q2FY26 Q3FY26 PAT EBITDA % 8.9% 12.9% 10.9% PAT % 0.2% 3.2% 0.8% 10% 911% 34% 322%
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14 Revenue Mix – Q3 FY26 Non-Auto 4% Global 19% Domestic 81% Auto 96%
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15 9M FY26 Highlights – Consolidated (In Rs. Crore) • In 9M, Total Income was lower by 2% YoY due to the impact of certain one-time business in the prior period last year, impact of supply side constraints for semi-conductors and rare-earth materials and muted trends in CV business in USA. Alicon has delivered a resilient performance in a challenging backdrop. • Gross profit was ₹604.0 crore with a 47.33% margin, down 59 bps YoY due to changes in product mix and volatility in input prices. • Reported EBITDA of ₹152.5 Cr in 9MFY26, higher by 2% YoY. Margin stood at 11.9% in 9MFY26 as compared to 11.6% in 9MFY25, showcasing a resilient performance despite the weakness in key segments and with CV customers in USA. • PAT for 9MFY26 stood at Rs. 26.6 Cr as compared to Rs. 36.6 Cr in 9MFY25. Higher depreciation on YoY basis and one time impact of implementation of New Labour Codes has contributed to the drop in profitability. 1,298.2 1,278.4 9M FY25 9M FY26 Total Income 49.0 44.8 9M FY25 9M FY26 PBT 150.2 152.5 9M FY25 9M FY26 EBITDA 36.6 26.6 9M FY25 9M FY26 PAT EBITDA % 11.6% 11.9% PAT % 2.8% 2.1% (2)% (9)% 2% (27)%
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16 Revenue Mix – 9M FY26 Non-Auto 4% Auto 96% Global 19% Domestic 81%
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17 Abridged P&L – Consolidated Particulars (Rs. crore) Q3 FY26 Q3 FY25 Y-o-Y Shift 9M FY26 9M FY25 Y-o-Y Shift Net Revenue from Operations 430.09 392.10 10% 1,276.22 1,295.83 -2% Other Income 0.72 0.83 -13% 2.21 2.35 -6% Total Income 430.81 392.93 10% 1,278.43 1,298.18 -2% Total Expenditure 383.64 357.84 7% 1,125.92 1,148.02 -2% Raw Material expenses 227.10 212.46 7% 672.23 674.98 0% Employee benefits expense 56.85 48.98 16% 161.08 154.70 4% Other expenses 99.69 96.40 3% 292.61 318.35 -8% EBITDA 47.17 35.09 34% 152.50 150.16 2% EBITDA margin (%) 10.9% 8.9% +202 Bps 11.9% 11.6% +36 Bps Finance Costs 9.13 10.54 -13% 28.78 32.18 -11% Depreciation and Amortization 27.42 23.50 17% 78.94 68.93 15% Profit before tax & Exceptional Item 10.61 1.05 911% 44.79 49.04 -9% Exceptional Item 5.00 0.00 NA -7.57 0.00 NA PBT 5.61 1.05 434% 37.22 49.04 -24% Tax Expenses 2.31 0.27 760% 10.61 12.42 -15% PAT 3.30 0.78 322% 26.61 36.63 -27% PAT Margin (%) 0.8% 0.2% +57 Bps 2.1% 2.8% -74 Bps
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18 Management Message Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “We have delivered a resilient performance in Q3 FY26, continuing the steady progress witnessed from the start of the financial year, despite the quarter typically being seasonally softer for our global business. This reflects the underlying strength of our operating model and the benefits of focused execution. During the quarter, consolidated revenues stood at ₹431 crore, growing 10% on a year-on-year basis and marginally higher on a quarter-on-quarter basis. This was accompanied by robust expansion in PBT and PAT on a YoY basis as profitability in Q3 last year was impacted by certain one offs leading to an unusually low base. Overall performance was led by positive trends in the domestic business, while our global operations continued to face headwinds from the challenging external environment. Restrictions on rare earth magnets and semi-conductors by China continue to be prevalent impacting production schedules of some of our OEM customers, especially for larger vehicles. That said, recent positive developments— including progress on bilateral trade agreements between India and the EU and discussions between India and the US provide an encouraging outlook for our key global markets. In addition, the continued policy thrust articulated in the Union Budget, provides a constructive backdrop for the sector and serves to reinforce medium-term demand visibility. Looking ahead, we are optimistic while remaining cautious and look forward to further improvement in performance in Q4 and into the next fiscal year. We remain focused on advancing key strategic initiatives which, supported by operational discipline, cost optimisation, and strategic agility, will help de-risk the business, strengthen our competitive positioning, and drive sustainable long-term value creation for all stakeholders.”
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19 Contents About Alicon Q3 & 9M FY26 Highlights Concall Details
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20 Conference Call Details Alicon Castalloy’s Q3 & 9M FY26 Earnings Conference Call Time & Date • 11:30 am IST on Monday, February 16, 2026 Local dial-in numbers • +91 22 6280 1141 International Toll-Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866 746 2133 Pre-registration Link • Diamond pass
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Thank You For further information, please contact: Ranjit Jadhav Alicon Castalloy Ltd Tel: +91 90964 68317 E-mail: ranjit.jadhav@alicongroup.co.in Mayank Vaswani / Mit Shah CDR, India Tel: +91 98209 40953 / 99201 68314 Email: mayank@cdr-india.com / mit@cdr-india.com