Magna Electro Castings Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 171.705 million against INR 207.733 million a year ago. Total income from operations (net) was INR 178.884 million against INR 218.124 million a year ago. Profit from operations was INR 10.942 million against INR 16.996 million a year ago. Profit from ordinary activities before tax was INR 8.273 million against INR 13.133 million a year ago. Net profit from ordinary activities after tax was INR 9.273 million or INR 2.02 per basic and diluted per share before and after extraordinary items against INR 10.633 million or INR 2.32 per basic and diluted per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 643.640 million against INR 688.585 million a year ago. Total income from operations (net) was INR 588.429 million against INR 750.011 million a year ago. Profit from operations was INR 85.307 million against INR 77.860 million a year ago. Profit from ordinary activities before tax was INR 46.967 million against INR 64.155 million a year ago. Net profit from ordinary activities after tax was INR 39.467 million or INR 8.61 per basic and diluted per share before and after extraordinary items against INR 49.155 million or INR 10.73 per basic and diluted per share before and after extraordinary items a year ago.