Magna Electro Castings Ltd Q2FY22 net profit jumps to Rs. 3.36 crore

The Board of Directors of MAGNA ELECTRO CASTINGS LTD., at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 38.1282 crore, against ₹25.6342 crore in the corresponding quarter of the previous year (YoY) and ₹22.5752 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹3.3604 crore, against ₹2.6343 crore in the corresponding quarter of the previous year (YoY) and ₹0.8529 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹7.94, against ₹5.75 in the corresponding quarter of the previous year (YoY) and ₹2.02 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 38.1282 crs	₹22.5752 crs	68.89%	₹25.6342 crs	48.74%
Net Profit	₹3.3604 crs	₹0.8529 crs	294.00%	₹2.6343 crs	27.56 %
EPS	₹7.94	₹2.02	293.07%	₹5.75	38.09%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹60.7034 crore, against ₹43.2527 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹4.2133 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹4.1615 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹9.96 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹9.08 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹60.7034 crs	₹43.2527 crs	40.35%
Net Profit	₹4.2133 crs	₹4.1615 crs	1.24%
EPS	₹9.96	₹9.08	9.69%

Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 180.00 as compared to the previous close of Rs. 181.95. The total number of shares traded during the day was 8853 in over 102 trades.

The stock hit an intraday high of Rs. 189.00 and intraday low of 172.60. The net turnover during the day was Rs. 1575692.00.

Source : Equity Bulls

Keywords

MagnaElectroCastings Q2FY22 H1FY22 ResultUpdate