Magna Electro Castings Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company's net sales/income from operations was INR 218.9 million compared with INR 242.7 million a year ago. Profit from operations was INR 26.4 million compared with INR 15.9 million a year ago. Profit from ordinary activities before tax was INR 24.5 million compared with INR 11.4 million a year ago. Net profit was INR 16.98 million or INR 3.70 per basic and diluted share compared with INR 8.9 million or INR 1.94 per basic and diluted share a year ago.

For the nine months, the company's net sales/income from operations was INR 728.3 million compared with INR 746.9 million a year ago. Profit from operations was INR 85.4 million compared with INR 70.4 million a year ago. Profit from ordinary activities before tax was INR 76.7 million compared with INR 57.2 million a year ago. Net profit was INR 59.2 million or INR 12.92 per basic and diluted share compared with INR 44.7 million or INR 9.76 per basic and diluted share a year ago.