Magna Electro Castings Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 368.21 million compared to INR 352.82 million a year ago. Revenue was INR 376.19 million compared to INR 359.54 million a year ago. Net income was INR 27.49 million compared to INR 11 million a year ago. Basic earnings per share from continuing operations was INR 6.49 compared to INR 2.6 a year ago. Diluted earnings per share from continuing operations was INR 6.49 compared to INR 2.6 a year ago.
For the full year, sales was INR 1,646.43 million compared to INR 1,358.4 million a year ago. Revenue was INR 1,679.36 million compared to INR 1,374.75 million a year ago. Net income was INR 171.22 million compared to INR 77.29 million a year ago. Basic earnings per share from continuing operations was INR 40.46 compared to INR 18.26 a year ago. Diluted earnings per share from continuing operations was INR 40.46 compared to INR 18.26 a year ago.