Please find enclosed Unaudited Financial Results for the quarter and nine months ended 31st December, 2025
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Magna Electro Castings reported Q3 FY26 revenue from operations of ₹4,797.58 lakhs, up about 11% YoY from ₹4,314.04 lakhs but down roughly 8% QoQ. Profit after tax for the quarter fell to ₹375.23 lakhs versus ₹486.36 lakhs in Q3 last year and ₹541.00 lakhs in Q2 FY26. For the nine months, revenue grew about 13.7% YoY to ₹14,882.64 lakhs but PAT declined about 13.6% YoY to ₹1,581.78 lakhs. Operating profitability came under pressure as depreciation more than doubled YoY (₹114.56 lakhs to ₹254.21 lakhs in Q3), squeezing EBITDA margins. A one-time provision related to the new Labour Codes also weighed on employee benefit expenses. Separately, the board approved a ₹39.60 lakh equity investment in First Energy TN1 Pvt Ltd to procure an additional 1.1 MW of solar power under a captive scheme, and set up a new ancillary campus near Coimbatore with no capacity addition.
Mixed for shareholders — top-line continues to grow but rising depreciation and one-time Labour Code provisions are hurting margins and bottom line, with EPS falling to ₹8.87 in Q3 from ₹11.49 a year ago. The solar investment is small and operational, not a major value driver.