Magna Electro Castings Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 461.21 million compared to INR 374.23 million a year ago. Revenue was INR 481.06 million compared to INR 381.28 million a year ago. Net income was INR 67.48 million compared to INR 33.6 million a year ago. Basic earnings per share from continuing operations was INR 15.94 compared to INR 7.94 a year ago. Diluted earnings per share from continuing operations was INR 15.94 compared to INR 7.94 a year ago.
For the six months, sales was INR 891.92 million compared to INR 599.46 million a year ago. Revenue was INR 913.56 million compared to INR 607.03 million a year ago. Net income was INR 105.61 million compared to INR 42.13 million a year ago. Basic earnings per share from continuing operations was INR 24.95 compared to INR 9.96 a year ago. Diluted earnings per share from continuing operations was INR 24.95 compared to INR 9.96 a year ago.