Outcome of Board Meeting held on 30th May, 2025 is enclosed.
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Magna Electro Castings' board approved audited results for FY25 with revenue from operations rising to Rs. 17,644.92 lakhs from Rs. 14,369.78 lakhs in FY24, a growth of about 23%. Profit after tax jumped nearly 53% to Rs. 2,311.70 lakhs (FY24: Rs. 1,510.92 lakhs), lifting EPS to Rs. 54.62 from Rs. 35.70. Q4 FY25 revenue was Rs. 4,551.06 lakhs versus Rs. 3,634.58 lakhs in Q4 FY24, with quarterly PAT at Rs. 481.67 lakhs. The board recommended a final dividend of Rs. 6 per share (60% on face value of Rs. 10). Operating cash flow was strong at Rs. 3,960.22 lakhs, though capex (largely capital work-in-progress) was Rs. 4,001.83 lakhs, leading to a marginal dip in cash balance to Rs. 38.36 lakhs. Statutory auditor VKS Aiyer & Co issued an unmodified opinion.
Strong revenue and earnings growth with a healthy 60% dividend is positive for shareholders. Capital expenditure is meaningfully higher, which is why borrowings rose to Rs. 1,103.44 lakhs; investors should watch returns on this capex. Material related-party transaction with Samrajyaa and Company and appointment of the MD's son as Executive Director-Marketing are governance points worth monitoring.