Magna Electro Castings Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 406.3 million compared to INR 265.45 million a year ago. Revenue was INR 408.17 million compared to INR 270.73 million a year ago. Net income was INR 24.16 million compared to INR 7.5 million a year ago. Basic earnings per share from continuing operations was INR 5.71 compared to INR 1.7 a year ago. Diluted earnings per share from continuing operations was INR 5.71 compared to INR 1.7 a year ago.
For the nine months, sales was INR 1,002.04 million compared to INR 690.56 million a year ago. Revenue was INR 1,015.21 million compared to INR 703.26 million a year ago. Net income was INR 66.29 million compared to INR 50.12 million a year ago. Basic earnings per share from continuing operations was INR 15.66 compared to INR 11.07 a year ago. Diluted earnings per share from continuing operations was INR 15.66 compared to INR 11.07 a year ago.