Magna Electro Castings Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 368.09 million compared to INR 461.21 million a year ago. Revenue was INR 372.51 million compared to INR 481.06 million a year ago. Net income was INR 37.7 million compared to INR 67.48 million a year ago. Basic earnings per share from continuing operations was INR 8.91 compared to INR 15.94 a year ago. Diluted earnings per share from continuing operations was INR 8.91 compared to INR 15.94 a year ago.
For the six months, sales was INR 722.02 million compared to INR 891.92 million a year ago. Revenue was INR 729.77 million compared to INR 913.56 million a year ago. Net income was INR 74.95 million compared to INR 105.61 million a year ago. Basic earnings per share from continuing operations was INR 17.71 compared to INR 24.95 a year ago. Diluted earnings per share from continuing operations was INR 17.71 compared to INR 24.95 a year ago.