Alicon Castalloy Ltd

- There is no specific mention of any current or planned new fundraising through debt or equity in the transcript. - The company is in the process of finalizing its budgets for the next year and prefers to discuss CAPEX and financial plans, including fundraising, in upcoming calls. - Capital expenditure is ongoing, with Rs. 42 crore spent in Q3 FY25 and around Rs. 20-25 crore expected in Q4 FY25, mainly for capacity additions in EV parts. - Management indicated better clarity on budgets, revenue growth, and CAPEX plans will be provided in the next quarter’s con-call. - No direct statements were made about raising new debt or equity funds during this earnings call.

- Capital expenditure for Q3 FY25 was Rs. 42 crore; Rs. 140 crore for the nine months of FY25 directed towards machinery and new product development. - Expected further CAPEX of Rs. 20-25 crore in Q4 FY25 aligned with growth initiatives. - Significant historical CAPEX focused on developing critical EV parts and advanced technology plants integrating AI, robotics, and IoT. - Planned capacity addition of approximately Rs. 250-300 crore worth over the next two years, mainly to support EV parts manufacturing. - Discussions underway to scale up capacities for a European OEM's second phase investment, potentially doubling monthly volumes, catering to global markets from India. - Strategic investments in automation and smart factory technologies to enhance productivity and operational excellence. - Ongoing efforts to align with new product launches and increase volume ramp-ups for Japanese and European OEMs over the next 1-2 years.

- Management expects improved performance and increased volumes from Q4 FY25 onwards. - Strong volume growth anticipated with key customers, especially Japanese OEMs, with an 80% increase in cylinder head supplies over the next 2 years. - Expansion of capacity for European OEMs planned to double volumes by end of the year. - New orders and product diversification provide good visibility for future growth. - Order book stands strong at around Rs. 9,000 crore, covering business for the next 5 years. - Revenue guidance for FY25 is slightly revised down due to CV demand decline; previously targeted Rs. 1,800 crore for FY25 and Rs. 2,200 crore by FY26/FY27. - Focus on passenger vehicles, commercial vehicles, EV, hybrid, and exports expected to drive long-term growth. - CAPEX planned to support capacity expansion, especially for EV parts, adding approx. Rs. 250-300 crore capacity over next 2 years.

- Management is confident of improved performance and volume growth from Q4 FY25 onward, driven by strong customer engagement and growth plans (Page 17). - Quarterly performance is expected to improve sequentially, with Quarter 3 seen as the bottom for revenue and margins (Pages 4, 7, 11). - EBITDA margin compression in Q3 is considered temporary due to adverse sales mix and upfront costs; margins expected to recover to 12-13% and improve quarter-on-quarter (Pages 5, 12, 13). - New order wins and capacity expansions, especially in EV and export segments, position the company well for future growth (Pages 8, 10, 11). - ROCE and ROE improvements are ongoing, anticipating steady progress in coming quarters (Page 15). - Revenue guidance for FY25 revised downwards due to softening CV demand and export markets; original target of Rs. 2,200 crore by FY26 now expected by FY27 (Pages 8, 13, 16).

- Alicon Castalloy Limited’s current order book stands at around Rs. 9,000 crore as of Q3 FY25. - The company added 7 new parts/orders in the quarter, contributing nearly Rs. 500 crore turnover. - These orders cover both domestic (5 parts) and international business (2 parts). - Current order book covers expected revenues for approximately the next 5 years. - Orders are generally for a product life cycle of 5-7 years, ensuring consistent supplies. - No single customer contributes more than 20% to the turnover, indicating a balanced customer portfolio. - The company expects steady order execution, with some variability year-on-year depending on product life cycle. - Alicon is finalizing budgets and will provide more clarity on future order inflows and revenue guidance in upcoming calls.