Enclosed the Audited Financial results for the quarter and year ended 31st March, 2026.
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Magna Electro Castings reported FY26 revenue of Rs. 19,643.75 lakhs, up 11.3% from Rs. 17,644.92 lakhs in FY25. However, profit after tax declined 20.1% to Rs. 1,847.45 lakhs from Rs. 2,311.70 lakhs. The Third Moulding Line project commissioned in June 2025 led to significantly higher depreciation (Rs. 887.38 lakhs vs Rs. 462.39 lakhs) and finance costs (Rs. 98.52 lakhs vs Rs. 26.98 lakhs), compressing profitability. The board recommended a dividend of Rs. 5 per share (50%) and approved a material related party transaction with Samrajyaa Precision Machining Private Limited. Statutory auditors issued an unmodified (clean) opinion.
Revenue growth of 11.3% was offset by near-doubling of depreciation and 3.6x increase in finance costs, causing PAT to fall 20%. Shareholders should note margin compression despite revenue growth, though the company maintains a clean audit with positive operating cash flow of Rs. 2,127.72 lakhs.