Magna Electro Castings Ltd Q1FY24 PAT up QoQ at Rs. 3.72 crore

MAGNA ELECTRO CASTINGS LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 35.7262 crores during the period ended June 30, 2023 as compared to Rs. 37.6189 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 3.7249 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 2.7485 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 8.80 for the period ended June 30, 2023 as compared to Rs. 6.49 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 35.7262 crs	₹37.6189 crs	-5.03%
Net Profit	₹3.7249 crs	₹2.7485 crs	35.52%
EPS	₹8.80	₹6.49	35.59%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 35.7262 crores during the period ended June 30, 2023 as compared to Rs.43.2498 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.3.7249 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.3.8126 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.8.80 for the period ended June 30, 2023 as compared to Rs.9.01 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 35.7262 crs	₹43.2498 crs	-17.40%
Net Profit	₹3.7249 crs	₹3.8126 crs	-2.30%
EPS	₹8.80	₹9.01	-2.33%

Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 506.40 as compared to the previous close of Rs. 531.90. The total number of shares traded during the day was 9263 in over 187 trades.

The stock hit an intraday high of Rs. 550.00 and intraday low of 505.35. The net turnover during the day was Rs. 4783047.00.

Source : Equity Bulls

Keywords

MagnaElectroCastings Q1FY24 ResultUpdate