Magna ElectroCasting

Magna Electro Castings posted first-quarter revenue from operations of ₹50.8 crore and net profit of ₹3.7 crore, against ₹48.5 crore and ₹6.7 crore respectively a year earlier. The board gave in-principle approval for merging Samrajyaa Precision Machining, an unlisted related company with quarterly turnover of ₹3.8 crore and net worth of ₹25.1 crore, into Magna. The valuation, fairness opinion and share-exchange ratio were left for subsequent consideration. It also approved a ₹17 crore South Campus machining division with seven CNC machines, funded through internal accruals and targeted for commissioning by January 2027. The company had commissioned a third moulding line in June 2025 at a project cost of ₹47.8 crore.

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Magna Electro Castings gave in-principle approval for the proposed merger of Samrajyaa Precision Machining, an unlisted company incorporated in December 2025, into Magna Electro Castings. Samrajyaa reported a net worth of ₹25.1 crore and quarterly turnover of ₹3.8 crore at June 30, while the share-exchange ratio remained subject to an independent valuation and further approvals. Magna also approved a ₹17 crore investment in its first in-house machining division at its South Campus, comprising seven CNC machines and scheduled for commissioning by January 2027, funded from internal accruals. Revenue from operations in the June quarter rose 4.7% year on year to ₹50.8 crore, while net profit fell 44% to ₹3.7 crore. Machining had previously been outsourced to third-party job-workers, and the company had completed a third moulding line in June 2025. Magna reported FY26 revenue of ₹196.4 crore and held cash, equivalents and fixed deposits of about ₹15.85 crore against total debt of ₹14.25 crore at year-end.

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March 19 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• TO CONSIDER ANNUAL OPERATING PLANS AND CAPITAL EXPENDITURE BUDGET FOR FY2026-27

Source text: ID:nBSE33x8bN

Further company coverage: MAGN.BO

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June 27 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• MAGNA ELECTRO CASTINGS LTD - COMMENCES COMMERCIAL PRODUCTION OF THIRD MOULDING LINE PROJECT

Source text: ID:nBSE31WRWL

Further company coverage: MAGN.BO

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April 17 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• GOT MACHINERIES AND EQUIPMENT FOR THIRD MOULDING LINE PROJECT

• THIRD MOULDING LINE PROJECT EXPECTED TO BE COMMISSIONED BY JUNE 2025

Source text: ID:nBSE961mLV

Further company coverage: MAGN.BO

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Jan 3 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• COMPANY'S PLANT HAS RESUMED ITS OPERATIONS

Source text for Eikon: ID:nBSE5ZKv4z

Further company coverage: MAGN.BO

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Jan 1 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• TEMPORARY SHUTDOWN OF CO'S PLANT FOR UPGRADING MOLDING SYSTEM EXTENDED TILL 2ND JAN

• CO WILL RESUME ITS MANUFACTURING OPERATIONS FROM WEDNESDAY, 3RD JANUARY, 2024

Further company coverage: MAGN.BO

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Aug 7 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• APPROVED PROJECT FOR AUGMENTING MOLDING CAPACITY OF CO

• TOTAL PROJECT COST IS ESTIMATED AT 350 MILLION RUPEES

Source text for Eikon: ID:nBSEb1R0st

Further company coverage: MAGN.BO

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May 30 (Reuters) - Magna Electro Castings Ltd MAGN.BO:

• DIVIDEND 3 RUPEES PER SHARE

• MARCH-QUARTER PROFIT 27.5 MILLION RUPEES VERSUS 11 MILLION RUPEES YEAR AGO

• MARCH-QUARTER REVENUE FROM OPERATIONS 368.2 MILLION RUPEES VERSUS 352.8 MILLION RUPEES YEAR AGO

Further company coverage: MAGN.BO

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