Alicon Castalloy Reports FY26 Results And Interim Dividend

15 May 2026 CW Team

Alicon Castalloy Ltd reported fourth quarter results for the period ended March 31, 2026, with total income at Rs 4.954 billion (bn), up 15 per cent sequentially and 16 per cent year-on-year. The company attributed the rise to strong domestic demand and higher aluminium prices, which supported topline growth. Escalation in alloy costs and product mix changes were noted as margin headwinds.

EBITDA for the quarter stood at Rs 462 million (mn), marginally down by 2 per cent from the prior quarter, reflecting increased input costs and alloy prices. Profit before tax at Rs 99 million was lower by 7 per cent sequentially, while profit after tax rose to Rs 79 million, an increase of 141 per cent on a sequential basis. The results versus the prior year quarter showed EBITDA down 3 per cent and PAT down 16 per cent.

For the full year, total income reached Rs 17.845 billion (bn), a rise of 4 per cent from the previous year, driven by sustained domestic momentum in the second half. Annual EBITDA increased by 3 per cent to Rs 2.033 billion, while pre-exceptional profit before tax declined by 12 per cent to Rs 547 million. Profit after tax for the year was Rs 344 million, down 25 per cent, with an exceptional provision of Rs 80 million related to labour code matters and higher depreciation affecting annual profitability.

The board has declared an interim dividend of 40 per cent, equivalent to Rs two per share, reflecting the company's cash generation and capital allocation priorities. The Group Chief Executive Officer said management remains focused on value addition, product diversification and technology enhancement to build on current momentum. He noted that domestic automotive strength and evolving trade partnerships provide a constructive medium-term outlook. The company reiterated its commitment to strengthening competitiveness and delivering sustainable, profitable growth.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..