Alicon Castalloy Reports Declining Financial Metrics for December Quarter 2024

Feb 10 2025 06:48 PM IST
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Alicon Castalloy has released its financial results for the quarter ending December 2024, revealing significant challenges. Key metrics show a decline in Profit Before Tax and Profit After Tax, alongside reduced net sales and operating profit. The company's cash reserves have also decreased, indicating weakened liquidity.
Alicon Castalloy, a small-cap player in the auto ancillary industry, has reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial landscape, with several key metrics reflecting challenges.

The Profit Before Tax (PBT) for the quarter stands at Rs 0.22 crore, a significant decline compared to the average of Rs 23.56 crore over the previous four quarters. Similarly, the Profit After Tax (PAT) has also seen a substantial reduction, reported at Rs 0.78 crore against an average of Rs 18.28 crore in prior periods. This trend suggests a concerning trajectory for profitability.

Net sales have reached Rs 392.10 crore, marking the lowest figure in the last five quarters and a decline from the average of Rs 432.00 crore. Operating profit has also decreased, with the latest figure at Rs 34.26 crore, indicating a downward trend in operational efficiency, as reflected in the operating profit margin of 8.74%, the lowest in recent quarters.

Additionally, the company's cash and cash equivalents have fallen to Rs 3.93 crore, highlighting a deterioration in short-term liquidity. Overall, these results have led to an adjustment in evaluation for Alicon Castalloy.

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