Enclosed the Annual Report of the Company for the financial year 2024-25.
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Magna Electro Castings has filed its Annual Report for FY 2024-25 and notice for its 35th AGM scheduled for 4th September 2025 via video conferencing. The board has proposed a final dividend of Rs. 6 per share (60%) for FY25, up from 50% last year. The company's total income grew to Rs. 17,817.49 lakhs from Rs. 14,529.36 lakhs, and net profit before tax rose to Rs. 3,104.46 lakhs from Rs. 2,040.61 lakhs. The company is set to commence a new Third Moulding Line project that is expected to significantly boost turnover. AGM business includes approval of material related party transactions with M/s. Samrajyaa and Company for up to Rs. 3,000 lakhs (up from Rs. 2,500 lakhs last year), appointment of Sri. Ajeya Vel Narayanaswamy (son of Managing Director) as Whole-time Director – Marketing for 5 years, ratification of cost auditors, appointment of new secretarial auditors, and amendment to Articles of Association.
Strong financial performance with revenue up ~23% and profit before tax up ~52% year-on-year signals healthy business momentum. The higher dividend, new moulding line capacity, and a related-party transaction seeking shareholder approval (with promoter family involvement) are key items for investor attention.