Magna Electro Castings Ltd Share Price – BSE

Castings, Forgings & Fastners, Small Cap

Magna Eletrocasting will hold a meeting of the Board of Directors of the Company on 7 August 2024.

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Magna Eletrocasting announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Magna Eletrocasting announced that the 34th Annual General Meeting (AGM) of the company will be held on 16 August 2024.

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Net profit of Magna Electro Castings rose 48.73% to Rs 4.09 crore in the quarter ended March 2024 as against Rs 2.75 crore during the previous quarter ended March 2023. Sales declined 1.28% to Rs 36.35 crore in the quarter ended March 2024 as against Rs 36.82 crore during the previous quarter ended March 2023.

For the full year,net profit declined 11.74% to Rs 15.11 crore in the year ended March 2024 as against Rs 17.12 crore during the previous year ended March 2023. Sales declined 12.72% to Rs 143.70 crore in the year ended March 2024 as against Rs 164.64 crore during the previous year ended March 2023.

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