Magna Electro Castings
895.05
-11.85(-1.31%)
Market Cap₹378.79 Cr
PE Ratio18.60
Company Performance:
1D-1.31%
1M-8.61%
6M-10.91%
1Y+1.08%
5Y+447.93%
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More news about Magna Electro Castings
26Dec 25
CARE Ratings Reaffirms Credit Ratings for Magna Electro Castings Limited Bank Facilities
CARE Ratings Limited reaffirmed credit ratings for Magna Electro Castings Limited on December 26, 2025, maintaining CARE BBB+ Stable for ₹25.00 crores long-term facilities and CARE A2 for ₹15.25 crores short-term facilities. The total rated facilities of ₹40.25 crores include term loans, cash credit, foreign bill discounting, letters of credit, and bank guarantees across Union Bank of India and Axis Bank Limited. The reaffirmation follows review of FY25 audited and H1FY26 unaudited performance.
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22Dec 25
Magna Electro Castings Shareholders Approve VP-Finance Appointment via Postal Ballot
Magna Electro Castings successfully concluded its postal ballot process with shareholders providing unanimous approval for appointing Smt. Nivedita Lakshmi Narayanaswamy as Vice President-Finance effective January 1, 2026. The electronic voting process received 7,23,006 valid votes, all cast in favor of the resolution, representing 100% approval from eligible shareholders.
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13Nov 25
Magna Electro Castings Reports Revenue Growth and Appoints New VP-Finance
Magna Electro Castings Limited announced its Q2 FY2026 results, showing revenue growth but a slight decline in profitability. Revenue from operations increased by 14.67% to Rs. 5,233.05 crore, while net profit decreased to Rs. 541.00 crore. The company also recommended the appointment of Smt. Nivedita Lakshmi Narayanaswamy as Vice President - Finance, effective January 1, 2026, subject to shareholder approval. Narayanaswamy brings over 13 years of global finance experience. Additionally, the company's Third Moulding Line project was commissioned on June 27, 2025.
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25Sept 25
Magna Electro Castings Appoints New Executive Director for Marketing
Magna Electro Castings Limited has appointed Sri. Ajeya Vel Narayanaswamy as Whole-time Director designated as Executive Director – Marketing for a five-year term starting September 4, 2025. The appointment, approved by shareholders, is subject to Central Government approval. The company has published advertisements in Financial Express and Maalai Malar on September 25, 2025, regarding the application for government approval.
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06Sept 25
Magna Electro Castings Announces Rs. 35 Crore Expansion Project and Reports Q1 FY2024 Results
Magna Electro Castings Limited has approved a Rs. 35 crore expansion project to increase molding capacity, expected to be commissioned in Q3 FY 2024-25. The project will be funded through term loans, seller's credit, and internal resources. The company also reported its Q1 FY2024 financial results and held its 35th AGM, where shareholders approved various resolutions including appointment of new directors and auditors.
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26Aug 25
Magna Electro Castings' Vice President - Finance Steps Down
Sri. K. Thangamuthu, Vice President - Finance at Magna Electro Castings Limited, has resigned due to personal reasons, effective August 25, 2025. The company disclosed this information to the Bombay Stock Exchange in compliance with SEBI regulations. The resignation was communicated by the Company Secretary, Divya Duraisamy, along with necessary details and the resignation letter.
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27Jun 25
Magna Electro Castings Expands Production Capacity with Third Moulding Line
Magna Electro Castings Ltd has begun commercial production on its third moulding line, significantly expanding its manufacturing capabilities. This strategic expansion is expected to increase the company's production capacity, potentially allowing it to meet growing market demand and strengthen its industry position. The investment in additional infrastructure demonstrates the company's commitment to growth and confidence in future market prospects.
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17Apr 25
Magna Electro Castings on Track to Commission New Moulding Line by June 2025
Magna Electro Castings Limited is expanding its production capacity with a third moulding line. All necessary machinery and equipment are in place, and erection work is in final stages. The company has obtained all required statutory approvals. A trial run is scheduled for May 2025, with commissioning expected in June 2025. This expansion aims to enhance the company's manufacturing capabilities to meet growing market demand.
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Magna Electro Castings
895.05
-11.85
(-1.31%)
1 Year Returns:+1.08%
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