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magna electro castings ltd (517449) Details

Magna Electro Castings Limited engages in the manufacture and sale of ferrous components, primarily ductile iron and grey iron castings in India. It offers various castings, including hand wheel, linear, and rotary valves. The company also provides castings that are used in refrigeration products comprising housings and piston plugs; railroad components consisting of armature head, elbow, pinion gutter, and flange; printing products, such as brackets, frames, levers, cross beams, and ink supports; and hydraulics comprising cover, body, relief valves, and base plate. In addition, it offers castings used in automotives, which include calipers, carriers, spides cams, spiders wedges, bearing caps, crank casts, flanges, and fly wheels; electrical products encompassing carriers, flanges, and extenders; and windmill flanges. Further, the company provides machined components comprising rail road products, such as damper plate, flinger, retaining block, bearing cap insert, insert, spacer, cast motor support, inlet connection, and clamp; air manifold and cover upper hydraulics products; off highway products, including drive disks, pulley, adjusting ring, yoke, end yoke, and slip yoke; extenders and hubs for windmills; and automotive products. Additionally, it offers various services consisting of legacy conversion to 2D drawings; developing 3D models and technical manuals; assembly drawings/bill of materials; reverse engineering; conversion from fabrication to castings; CAD switch services, such as migration of one software to other; and foundry services, as well as involves in wind energy power generation. The company exports its products to the United States and Europe. Magna Electro Castings Limited was incorporated in 1993 and is based in Coimbatore, India.

Founded in 1993

magna electro castings ltd (517449) Top Compensated Officers

Managing Director, Director and Member of Sha...
Total Annual Compensation: 3.3M
Compensation as of Fiscal Year 2012.

magna electro castings ltd (517449) Key Developments

Magna Electro Castings Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012

Magna Electro Castings Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company's net sales/income from operations was INR 207.7 million compared with INR 228.1 million a year ago. Profit from operations was INR 16.9 million compared with INR 22.2 million a year ago. Profit from ordinary activities before tax was INR 13.1 million compared with INR 18.1 million a year ago. Net profit was INR 10.6 million or INR 2.32 per basic and diluted share compared with INR 8.6 million or INR 1.89 per basic and diluted share a year ago. For the nine months, the company's net sales/income from operations was INR 688.6 million compared with INR 613.6 million a year ago. Profit from operations was INR 77.9 million compared with INR 73.2 million a year ago. Profit from ordinary activities before tax was INR 64.2 million compared with INR 60.8 million a year ago. Net profit was INR 49.2 million or INR 10.73 per basic and diluted share compared with INR 40.3 million or INR 8.81 per basic and diluted share a year ago.

Magna Electro Castings Ltd., Board Meeting, Jan 31, 2013

Magna Electro Castings Ltd., Board Meeting, Jan 31, 2013. Agenda: To consider quarterly results.

Magna Electro Castings Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2012

Magna Electro Castings Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported total income from operations (net) of INR 278.838 million compared to INR 241.722 million a year ago. Profit from ordinary activities before finance costs was INR 36.269 million compared to INR 34.645 million a year ago. Profit from ordinary activities before tax was INR 29.476 million compared to INR 29.665 million a year ago. Net profit was INR 22.976 million or INR 5.01 basic and diluted per share after extraordinary items compared to INR 22.665 million or INR 4.95 per basic and diluted per share after extraordinary items a year ago. For the six months period, the company reported total income from operations (net) of INR 531.997 million compared to INR 421.491 million a year ago. Profit from ordinary activities before finance costs was INR 64.104 million compared to INR 53.213 million a year ago. Profit from ordinary activities before tax was INR 51.022 million compared to INR 42.705 million a year ago. Net profit was INR 38.522 million or INR 9.41 basic and diluted per share after extraordinary items compared to INR 31.705 million or INR 6.92 per basic and diluted per share after extraordinary items a year ago.

 

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