Magna Electro Castings Limited , a leading player in the electro castings industry, has announced its unaudited financial results for the quarter and half year ended September 30, 2025, alongside a key executive appointment.

Financial Performance

The company reported a robust growth in revenue for the quarter ended September 30, 2025. Revenue from operations reached Rs. 5,233.05 crore, marking a 14.67% increase from Rs. 4,563.59 crore in the same quarter of the previous year. For the half-year period, revenue stood at Rs. 10,085.06 crore, up 14.87% from Rs. 8,779.83 crore in the corresponding period last year.

Despite the revenue growth, the company experienced a slight decline in profitability. Net profit for the quarter decreased to Rs. 541.00 crore from Rs. 671.61 crore in the same quarter last year. Similarly, for the half-year, net profit stood at Rs. 1,206.55 crore, down from Rs. 1,343.64 crore in the previous year.

The financial results are summarized in the table below:

Executive Appointment

Magna Electro Castings has recommended the appointment of Smt. Nivedita Lakshmi Narayanaswamy as Vice President - Finance, effective January 1, 2026, subject to shareholder approval. This appointment is expected to bring fresh perspectives to the company's financial strategies.

Smt. Narayanaswamy brings over 13 years of global finance experience with multinational organizations. Her most recent role was as Head of Finance for Lume & Mando at Mammoth Brands, New York, where she oversaw FP&A, Supply Chain, and accounting functions for a $400M business unit.

Her educational background includes:

• An Executive MBA from Columbia Business School, USA
• A Master's degree in International Management from IE Business School, Spain
• A Bachelor's degree in Business Administration from Ethiraj College, University of Madras

Smt. Narayanaswamy's appointment is anticipated to strengthen Magna Electro Castings' financial leadership, leveraging her expertise in financial planning, business partnering, and strategic execution.

Operational Update

The company also noted that its Third Moulding Line project was commissioned on June 27, 2025, which may contribute to future operational capabilities.

As Magna Electro Castings navigates through a period of revenue growth and profitability challenges, the appointment of Smt. Narayanaswamy as VP-Finance signals the company's focus on enhancing its financial strategies and operational excellence in the coming years.

Magna Electro Castings Limited, a leading player in the casting industry, has announced a significant change in its leadership team. The company has appointed Sri. Ajeya Vel Narayanaswamy as Whole-time Director designated as Executive Director – Marketing for a five-year term.

Key Details of the Appointment

• Appointee: Sri. Ajeya Vel Narayanaswamy (DIN: 07553660)
• Position: Whole-time Director designated as Executive Director – Marketing
• Term: Five years, effective from September 4, 2025
• Approval Status: Subject to Central Government approval under Section 196 of the Companies Act

Shareholder Approval and Next Steps

The appointment has already received the green light from shareholders at the Annual General Meeting held on September 4, 2025. However, the company is now seeking the necessary approval from the Central Government to formalize the appointment.

Public Disclosure

In compliance with regulatory requirements, Magna Electro Castings has published newspaper advertisements regarding the application for Central Government approval. The advertisements appeared in:

• Financial Express (English)
• Maalai Malar (Tamil)

These publications were made on September 25, 2025, demonstrating the company's commitment to transparency and adherence to regulatory norms.

Company Background

Magna Electro Castings Limited, with its registered office in Coimbatore, Tamil Nadu, is known for its expertise in the casting industry.

Market Implications

The appointment of Sri. Ajeya Vel Narayanaswamy as Executive Director – Marketing could potentially bring fresh perspectives and strategies to Magna Electro Castings' marketing efforts, which may be crucial in an increasingly competitive business environment.