Magna Electro Castings Ltd Q2 FY2022-23 PAT climbs to Rs. 6.74 crores

MAGNA ELECTRO CASTINGS LTD. has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 48.1058 crores during the period ended September 30, 2022 as compared to Rs. 43.2497 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 6.7479 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 3.8125 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 15.94 for the period ended September 30, 2022 as compared to Rs. 9.01 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 48.1058 crs	₹43.2497 crs	11.23%
Net Profit	₹6.7479 crs	₹3.8125 crs	76.99%
EPS	₹15.94	₹9.01	76.91%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 48.1058 crores during the period ended September 30, 2022 as compared to Rs.38.1282 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.6.7479 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.3.3602 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.15.94 for the period ended September 30, 2022 as compared to Rs.7.94 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 48.1058 crs	₹38.1282 crs	26.17%
Net Profit	₹6.7479 crs	₹3.3602 crs	100.82%
EPS	₹15.94	₹7.94	100.76%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.91.3556 crores during the 6 Months period ended September 30, 2022 as compared to Rs.60.7034 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.10.5605 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.4.2132 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.24.95 for the 6 Months period ended September 30, 2022 as compared to Rs.9.96 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹91.3556 crs	₹60.7034 crs	50.50%
Net Profit	₹10.5605 crs	₹4.2132 crs	150.65%
EPS	₹24.95	₹9.96	150.50%

Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 325.85 as compared to the previous close of Rs. 322.40. The total number of shares traded during the day was 761 in over 24 trades.

The stock hit an intraday high of Rs. 330.50 and intraday low of 320.40. The net turnover during the day was Rs. 246918.00.

Source : Equity Bulls

Keywords

MagnaElectroCastings Q2FY23 H1FY23 ResultUpdate