Board Meeting13 Aug 2026, 01:29 pm
Magna Electro Castings Approves Q2 FY27 Results, Merger Plan, and New Division
AI Summary
Magna Electro Castings Limited's Board of Directors met on August 13, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The company reported a profit after tax of ₹372.55 Lakhs on total income of ₹5,130.36 Lakhs. The Board also granted in-principle approval for the merger of Samrajyaa Precision Machining Private Limited and approved the establishment of a new machining division at their South Campus in Coimbatore. The financial results show a year-on-year decrease in profit for the quarter but an increase in revenue from operations.
Key Highlights
- Approved Q2 FY27 unaudited financial results.
- Granted in-principle approval for merger with Samrajyaa Precision Machining.
- Approved setting up of a new machining division at South Campus.
- Q2 FY27 PAT stands at ₹372.55 Lakhs.
- Revenue from operations for Q2 FY27 was ₹5,081.48 Lakhs.
Price Impact
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