Magna Electro Castings Q3 FY24 Results Live: Profit Falls by 7.45% YoY
Magna Electro Castings Q3 FY24 Results Live: Revenue decreased by 9.01% YoY & profit decreased by 7.45% YoY
Magna Electro Castings declared their Q3 FY24 results on 05 Feb, 2024. The topline decreased by 9.01% & the profit decreased by 7.45% YoY. As compared to the previous quarter, the revenue declined by 4.51% and the profit decreased by 6.37%.
The Selling, general & administrative expenses declined by 6.12% q-o-q & increased by 13.03% Y-o-Y.
The operating income was down by 0.63% q-o-q & decreased by 5.18% Y-o-Y.
The EPS is ₹8.34 for Q3 FY24 which decreased by 7.44% Y-o-Y.
Magna Electro Castings has delivered -7.93% return in the last 1 week, -10.82% return in the last 6 months, and -5.84% YTD return.
Currently, Magna Electro Castings has a market cap of ₹191.12 Cr and a 52wk high/low of ₹593.85 & ₹254 respectively.
Magna Electro Castings Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 35.15 | 36.81 | -4.51% | 38.63 | -9.01% |
| Selling/ General/ Admin Expenses Total | 4.63 | 4.93 | -6.12% | 4.1 | +13.03% |
| Depreciation/ Amortization | 1.08 | 1.09 | -0.79% | 1.26 | -14.44% |
| Total Operating Expense | 30.58 | 32.21 | -5.06% | 33.81 | -9.56% |
| Operating Income | 4.57 | 4.6 | -0.63% | 4.82 | -5.18% |
| Net Income Before Taxes | 4.84 | 5.03 | -3.9% | 5.09 | -5.04% |
| Net Income | 3.53 | 3.77 | -6.37% | 3.81 | -7.45% |
| Diluted Normalized EPS | 8.34 | 8.91 | -6.4% | 9.01 | -7.44% |
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