Magna Electro Castings Ltd Q3 FY2022-23 profit drops QoQ to Rs. 3.81 crores

MAGNA ELECTRO CASTINGS LTD. has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 38.9618 crores during the period ended December 31, 2022 as compared to Rs. 48.1058 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 3.8133 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 6.7479 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 9.01 for the period ended December 31, 2022 as compared to Rs. 15.94 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹38.9618 crs	₹48.1058 crs	-19.01%
Net Profit	₹3.8133 crs	₹6.7479 crs	-43.49%
EPS	₹9.01	₹15.94	-43.48%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.38.9618 crores during the period ended December 31, 2022 as compared to Rs.40.8174 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.3.8133 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.2.4157 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.9.01 for the period ended December 31, 2022 as compared to Rs.5.71 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹38.9618 crs	₹40.8174 crs	-4.55%
Net Profit	₹3.8133 crs	₹2.4157 crs	57.85%
EPS	₹9.01	₹5.71	57.79%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.130.3174 crores during the 9 Months period ended December 31, 2022 as compared to Rs.101.5206 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.14.3738 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.6.6288 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.33.96 for the 9 Months period ended December 31, 2022 as compared to Rs.15.66 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹130.3174 crs	₹101.5206 crs	28.37%
Net Profit	₹14.3738 crs	₹6.6288 crs	116.84%
EPS	₹33.96	₹15.66	116.86%

Shares of MAGNA ELECTRO CASTINGS LTD. was last trading in BSE at Rs. 378.70 as compared to the previous close of Rs. 373.20. The total number of shares traded during the day was 276 in over 26 trades.

The stock hit an intraday high of Rs. 380.00 and intraday low of 372.00. The net turnover during the day was Rs. 103884.00.

Source : Equity Bulls

Keywords

MagnaElectroCastings Q3FY23 9MFY23 ResultUpdate