Permanent Magnets reports net profit of Rs 0.31 crore in the March 2014 quarter

Sales rise 17.35% to Rs 14.54 crore

Net profit of Permanent Magnets reported to Rs 0.31 crore in the quarter ended March 2014 as against net loss of Rs 1.35 crore during the previous quarter ended March 2013. Sales rose 17.35% to Rs 14.54 crore in the quarter ended March 2014 as against Rs 12.39 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 0.71 crore in the year ended March 2014 as against net loss of Rs 2.56 crore during the previous year ended March 2013. Sales rose 9.38% to Rs 49.00 crore in the year ended March 2014 as against Rs 44.80 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales14.5412.39 17 49.0044.80 9 OPM %4.6811.38 -5.397.05 - PBDT0.591.06 -44 0.120.45 -73 PBT0.310.81 -62 -0.71-0.40 -78 NP0.31-1.35 LP -0.71-2.56 72

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