Magna Electro Castings Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 353.93 million compared to INR 430.71 million a year ago. Revenue was INR 357.26 million compared to INR 432.5 million a year ago.

Net income was INR 37.25 million compared to INR 38.13 million a year ago. Basic earnings per share from continuing operations was INR 8.8 compared to INR 9.01 a year ago. Diluted earnings per share from continuing operations was INR 8.8 compared to INR 9.01 a year ago.