Magna Electro Castings Approves In-Principle Merger, ₹17 Crore Machining Division

Q1 FY27 Standalone Results YoY: Revenue at 50.8 Cr vs 48.5 Cr, up 4.7%. EBITDA at 7.9 Cr vs 10.2 Cr, down 22.5%. EBITDA Margin at 15.6% vs 21.1%, contraction of 550bps; no specific driver disclosed in the filing. PAT at 3.7 Cr vs 6.7 Cr, down 44.0%. Board granted in-principle approval for the proposed merger with related party Samrajyaa Precision Machining, with valuation and share exchange ratio pending. The company will invest approximately 17 Cr from internal accruals in its first in-house machining division, comprising seven CNC machines, targeted for commissioning by January 2027. Context: formalizes the previously approved South Campus expansion.