Alicon Castalloy reports strong Q2 FY26 earnings amid strategic leadership changes

Alicon Castalloy announced its Q2 FY26 and H1 FY26 financial results, revealing a strong sequential recovery in performance. For Q2 FY26, total income increased by 2.4% quarter-on-quarter (QoQ) to ₹428.9 crore, with EBITDA rising 11% QoQ to ₹55.5 crore, leading to a PAT increase of 49% QoQ to ₹13.9 crore. Despite an 8% year-on-year (YoY) revenue decrease in Q2 FY26, the company’s PBT and PAT grew by 51% and 49% QoQ, respectively.

H1 FY26 results showed total income at ₹847.6 crore, a 6% decrease YoY due to international business challenges and muted demand for commercial vehicles in the USA. However, the company showcased resilient performance with EBITDA at ₹105.3 crore and PAT at ₹23.2 crore. Alicon also secured 7 new parts from 6 customers in Q2 FY26, including 1 part from global business and 6 for domestic customers, reflecting a pivot towards domestic growth.

Rajeev Sikand, group chief executive, confirmed his retirement in March 2026 after 21 years and announced Sumit Bhatnagar as chief executive-designate. The company is poised for future opportunities by focusing on carbon-neutral technologies, vehicle scrappage policy benefits, higher fuel efficiency, and cost optimization initiatives.