Please find enclosed outcome of the Board meeting held on 10th February, 2026
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Awaiting price reaction for this filing.
Magna Electro Castings reported its Q3FY26 unaudited results. Revenue from operations for Q3 stood at Rs. 4,797.58 lakhs, down sequentially from Rs. 5,233.05 lakhs in Q2 but up 11.2% YoY from Rs. 4,314.04 lakhs. For 9MFY26, revenue grew 13.7% YoY to Rs. 14,882.64 lakhs, but profit after tax fell 13.6% to Rs. 1,581.78 lakhs versus Rs. 1,830.01 lakhs a year ago, dragged by higher depreciation (which more than doubled) and a one-time impact from the new Labour Codes on employee benefits. Basic EPS for 9MFY26 was Rs. 37.38 vs Rs. 43.24. The Board also approved a Rs. 39.60 lakh equity investment in First Energy TN1 Pvt Ltd (not a related-party transaction) to procure an additional 1.1 MW of captive solar power, and set up a new South Campus near its existing Coimbatore factory purely for ancillary support with no capacity addition. Statutory auditors VKS Aiyer & Co issued an unqualified limited review report.
Mixed signals for shareholders – topline growth is healthy but bottomline is under pressure on rising depreciation and one-time Labour Code costs, which may weigh on near-term profitability. Solar investment and new campus signal continued operational expansion without raising debt-equity concerns.