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Alicon Castalloy hosted
a conference call on Feb 12, 2024. In the conference call, company was
represented Mr. Vimal Gupta – Group CFO and Mr. Veera Babu – Group COO.
Key takeaways of the call
In Q3 FY24, auto
business contributed 96% to total revenue and Non-auto 4%.
In Q3 FY24, Auto
dispatches showed an improved performance, especially the 2W segment, which saw
a healthy double-digit YoY growth.
OEMs offered discounts
to drive year-end retail sales, and dealers preferred to clear the high levels
of channel inventory, which impacted the flow into PV wholesales.
Discounts have
now normalized from the highs of December. SUV share continues to rise, while
the recovery of small car sales is not yet apparent, affecting the growth
outlook for F25.
Exports across
OEMs were weak in Q3 FY24, attributed to soft demand and container shortage...
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