Intimation regarding date of 36th Annual General Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magna Electro Castings reported FY2026 revenue of Rs.19,643.75 Lakhs, up 11.3% from Rs.17,644.92 Lakhs in FY2025. However, profit after tax declined 20.1% to Rs.1,847.45 Lakhs from Rs.2,311.70 Lakhs, impacted by near-tripling of finance costs (Rs.98.52L vs Rs.26.98L) and doubling of depreciation (Rs.887.38L vs Rs.462.39L) after the Third Moulding Line was commissioned in June 2025. The Board recommended a dividend of Rs.5 per share (50%). Key director re-appointments include Sri N. Krishnasamaraj as Managing Director and Sri M. Malmarugan as Executive Director - Operations, both for 5-year terms. Auditors VKS Aiyer & Co issued an unmodified opinion. The 36th AGM is scheduled for 9th September 2026.
The stock may face pressure as profit declined despite revenue growth, mainly due to higher interest and depreciation costs from recent capex. The dividend offer provides some support to shareholders. The material related party transaction with Samrajyaa Precision Machining Private Limited warrants monitoring.