Please find enclosed audited results for the quarter and year ended 31st March 2025 <BR>
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Magna Electro Castings reported strong FY25 results with revenue from operations rising about 22.8% to Rs. 176.45 crore (vs Rs. 143.70 crore in FY24). Profit after tax surged roughly 53% to Rs. 23.12 crore (vs Rs. 15.11 crore), and EPS climbed to Rs. 54.62 (vs Rs. 35.70). Q4 FY25 revenue was Rs. 45.51 crore, up 25% YoY, with Q4 PAT at Rs. 4.82 crore. The Board has recommended a final dividend of Rs. 6 per share (60%) subject to shareholder approval. The statutory auditor (VKS Aiyer & Co) issued an unmodified (clean) opinion. The Board also approved appointment of Sri. Ajeya Vel Narayanaswamy (son of the Managing Director) as Executive Director – Marketing, and recommended a material related party transaction with Samrajyaa and Company.
Strong double-digit revenue and PAT growth, expanding margins, and a healthy 60% dividend are positive for shareholders. The recommended material related party transaction and appointment of the MD's son as Executive Director may attract governance scrutiny from some investors.