Magna Electro Castings Ltd reports PAT of Rs. 85.29 lakhs in Q1FY22

MAGNA ELECTRO CASTINGS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.22.57 crores during the period ended June 30, 2021 as compared to Rs.28.69 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.0.8529 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.0.1672 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.2.02 for the period ended June 30, 2021 as compared to Rs.0.38 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 22.57 crs	₹ 28.69 crs	-21.33%
Net Profit	₹ 0.8529 crs	₹ 0.1672 crs	410.11%
EPS	₹ 2.02	₹ 0.38	431.58%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.22.57 crores during the period ended June 30, 2021 as compared to Rs.17.61 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.0.8529 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1.52 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.02 for the period ended June 30, 2021 as compared to Rs.3.33 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 22.57 crs	₹ 17.61 crs	28.17%
Net Profit	₹ 0.8529 crs	₹ 1.52 crs	-43.89%
EPS	₹ 2.02	₹ 3.33	-39.34%

Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 181.05 as compared to the previous close of Rs. 182.2. The total number of shares traded during the day was 7438 in over 86 trades.

The stock hit an intraday high of Rs. 186 and intraday low of 180. The net turnover during the day was Rs. 1354997.

Source : Equity Bulls

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