Magna Electro Castings Reports Q3FY26 Financial Results and Strategic Investments

2 min read | Published on 10 Feb 2026, 07:25 PM |Updated on 10 Feb 2026, 07:25 PM

Reviewed by

Riya DScanX News Team

Key Highlights

Magna Electro Castings Limited reported Q3FY26 results with revenue of Rs. 4,797.58 lakhs and net profit of Rs. 375.23 lakhs for the quarter ended 31st December 2025. Nine-month revenue reached Rs. 14,882.64 lakhs with net profit of Rs. 1,581.78 lakhs. The Board approved Rs. 39.60 lakhs equity investment in First Energy TN1 Private Limited for 1.1 MW additional solar power procurement and establishment of new South Campus at Coimbatore for operational support activities.

*this image is generated using AI for illustrative purposes only.

Magna Electro Castings Limited announced its unaudited financial results for the quarter and nine months ended 31st December 2025, alongside strategic business decisions including solar power investments and facility expansion. The Board of Directors approved these developments during their meeting held on 10th February 2026.

Financial Performance Overview

The company's financial performance for the quarter ended 31st December 2025 demonstrated steady operational results across key metrics.

Metric	Q3 FY26	Q2 FY26	Q3 FY25	Change (QoQ)	Change (YoY)
Revenue from Operations	Rs. 4,797.58 lakhs	Rs. 5,233.05 lakhs	Rs. 4,314.04 lakhs	-8.32%	+11.21%
Total Income	Rs. 4,842.46 lakhs	Rs. 5,281.05 lakhs	Rs. 4,345.19 lakhs	-8.31%	+11.44%
Net Profit	Rs. 375.23 lakhs	Rs. 541.00 lakhs	Rs. 486.36 lakhs	-30.64%	-22.85%
Basic EPS	Rs. 8.87	Rs. 12.78	Rs. 11.49	-30.59%	-22.80%

Nine-Month Performance Analysis

For the nine months ended 31st December 2025, the company achieved revenue from operations of Rs. 14,882.64 lakhs compared to Rs. 13,093.87 lakhs in the corresponding previous period, representing a growth of 13.66%. Net profit for the nine-month period stood at Rs. 1,581.78 lakhs against Rs. 1,830.01 lakhs in the previous year.

Parameter	Nine Months FY26	Nine Months FY25	Change (%)
Revenue from Operations	Rs. 14,882.64 lakhs	Rs. 13,093.87 lakhs	+13.66%
Total Income	Rs. 15,020.85 lakhs	Rs. 13,227.73 lakhs	+13.56%
Net Profit	Rs. 1,581.78 lakhs	Rs. 1,830.01 lakhs	-13.56%
Basic EPS	Rs. 37.38	Rs. 43.24	-13.55%

Strategic Solar Power Investment

The Board approved an equity investment in First Energy TN1 Private Limited (FETPL) for procurement of additional 1.1 MW solar power under Group Captive Scheme as required under the Electricity Act, 2003. The investment details include:

Investment Details	Specifications
Investment Amount	Rs. 39.60 lakhs
Target Company	First Energy TN1 Private Limited
Purpose	Additional 1.1 MW solar power procurement
Compliance Requirement	Group Captive Scheme under Electricity Act, 2003
Industry Sector	Energy Industry (Solar Power)

The company already holds 14,40,000 equity shares representing 6.25% of FETPL's share capital in relation to the existing solar captive power plant at Sivaganga District. This additional investment aims to comply with the minimum shareholding requirement of 26% by captive users under the Electricity Act, 2003.

New Campus Development

Magna Electro Castings announced the establishment of a new South Campus at SF No. 49, Mullupadi, Kinathukkadavu, Pollachi, Coimbatore – 642109 on company-owned land situated near its existing factory premises. The new campus is designed exclusively for ancillary and allied operational activities supporting the company's existing manufacturing operations, without adding to the manufacturing capacity.

Financial Position and Capital Structure

The company maintains a stable capital structure with paid-up equity share capital of Rs. 423.21 lakhs, consisting of shares with a face value of Rs. 10 each. Reserves and surplus stood at Rs. 13,849.75 lakhs as of 31st December 2025, compared to Rs. 12,033.06 lakhs in the previous year, indicating strengthened financial reserves.

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