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Magna Electro Castings Ltd Q2 FY2023-24 net profit up QoQ at Rs. 3.76 crore
Posted On : 2023-11-01 15:50:20( TIMEZONE : IST )
MAGNA ELECTRO CASTINGS LTD. has reported Standalone financial results for the period ended September 30, 2023.
Financial Results (Q2 FY2024) - QoQ Comparison
The company has reported total income of Rs. 37.2506 crores during the period ended September 30, 2023 as compared to Rs. 35.7262 crores during the period ended June 30, 2023.
The company has posted net profit / (loss) of Rs. 3.7696 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 3.7249 crores for the period ended June 30, 2023.
The company has reported EPS of Rs. 8.91 for the period ended September 30, 2023 as compared to Rs. 8.80 for the period ended June 30, 2023.
| Financials | Q2 FY2024 | Q1 FY2024 | % Change |
| Total Income | ₹ 37.2506 crs | ₹35.7262 crs |  4.27% |
| Net Profit | ₹3.7696 crs | ₹3.7249 crs | 1.20% |
| EPS | ₹8.91 | ₹8.80 | 1.25% |
Financial Results (Q2 FY2024) - YoY Comparison
The company has reported total income of Rs. 37.2506 crores during the period ended September 30, 2023 as compared to Rs.48.1058 crores during the period ended September 30, 2022.
The company has posted net profit / (loss) of Rs.3.7696 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.6.7479 crores for the period ended September 30, 2022.
The company has reported EPS of Rs.8.91 for the period ended September 30, 2023 as compared to Rs.15.94 for the period ended September 30, 2022.
| Financials | Q2 FY2024 | Q2 FY2023 | % Change |
| Total Income | ₹ 37.2506 crs | ₹48.1058 crs |  -22.57% |
| Net Profit | ₹3.7696 crs | ₹6.7479 crs | -44.14% |
| EPS | ₹8.91 | ₹15.94 | -44.10% |
Financial Results (Half Year Ended FY2024) - YoY Comparison
The company has reported total income of Rs.72.9768 crores during the 6 Months period ended September 30, 2023 as compared to Rs.91.3556 crores during the 6 Months period ended September 30, 2022.
The company has posted net profit / (loss) of Rs.7.4945 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.10.5605 crores for the 6 Months period ended September 30, 2022.
The company has reported EPS of Rs.17.71 for the 6 Months period ended September 30, 2023 as compared to Rs.24.95 for the 6 Months period ended September 30, 2022.
| Financials | Half Year Ended FY2024 | Half Year Ended FY2023 | % Change |
| Total Income | ₹72.9768 crs | ₹91.3556 crs | -20.12% |
| Net Profit | ₹7.4945 crs | ₹10.5605 crs | -29.03% |
| EPS | ₹17.71 | ₹24.95 | -29.02% |
Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 508.15 as compared to the previous close of Rs. 488.75. The total number of shares traded during the day was 5157 in over 116 trades.
The stock hit an intraday high of Rs. 509.00 and intraday low of 480.05. The net turnover during the day was Rs. 2554801.00.
