Magna Electro Castings Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 363.46 million compared to INR 368.21 million a year ago. Revenue was INR 368.35 million compared to INR 376.19 million a year ago. Net income was INR 40.86 million compared to INR 27.49 million a year ago. Basic earnings per share from continuing operations was INR 9.65 compared to INR 6.49 a year ago. Diluted earnings per share from continuing operations was INR 9.65 compared to INR 6.49 a year ago.
For the full year, sales was INR 1,436.98 million compared to INR 1,646.43 million a year ago. Revenue was INR 1,452.94 million compared to INR 1,679.36 million a year ago. Net income was INR 151.09 million compared to INR 171.22 million a year ago. Basic earnings per share from continuing operations was INR 35.7 compared to INR 40.46 a year ago. Diluted earnings per share from continuing operations was INR 35.7 compared to INR 40.46 a year ago.