Magna Electro Castings Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 386.3 million compared to INR 406.13 million a year ago. Revenue was INR 389.62 million compared to INR 408.17 million a year ago. Net income was INR 38.13 million compared to INR 24.16 million a year ago. Basic earnings per share from continuing operations was INR 9.01 compared to INR 5.71 a year ago. Diluted earnings per share from continuing operations was INR 9.01 compared to INR 5.71 a year ago.

For the nine months, the company reported sales was INR 1,278.22 million compared to INR 1,005.58 million a year ago. Revenue was INR 1,303.17 million compared to INR 1,015.21 million a year ago. Net income was INR 143.74 million compared to INR 66.29 million a year ago. Basic earnings per share from continuing operations was INR 33.96 compared to INR 15.66 a year ago. Diluted earnings per share from continuing operations was INR 33.96 compared to INR 15.66 a year ago.