Enclosed intimation regarding appointment of Cost Auditors for the FY2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magna Electro Castings reported audited FY2025-26 results with revenue from operations growing 11.3% to Rs.19,643.75 Lakhs from Rs.17,644.92 Lakhs. However, profit after tax declined significantly by 20% to Rs.1,847.45 Lakhs from Rs.2,311.70 Lakhs. The Board recommended a final dividend of Rs.5 per equity share (50%). Depreciation nearly doubled to Rs.887.38 Lakhs (vs Rs.462.39 Lakhs) due to the Third Moulding Line project commissioned in June 2025. Finance costs also tripled to Rs.98.52 Lakhs. The Board re-appointed Sri. N. Krishnasamaraj as Managing Director and Sri. M. Malmarugan as Executive Director - Operations for 5-year terms, and approved related party transactions with Samrajyaa Precision Machining Private Limited. Statutory auditors VKS Aiyer & Co issued an unmodified opinion.
Revenue growth of 11% was outpaced by cost pressures from higher depreciation and finance costs, leading to a 20% PAT decline. The new moulding line investment is now operational, which may improve future profitability but near-term margins remain compressed.