Permanent Magnets standalone net profit declines 5.76% in the March 2022 quarter

Sales rise 4.38% to Rs 38.85 crore

Net profit of Permanent Magnets declined 5.76% to Rs 6.05 crore in the quarter ended March 2022 as against Rs 6.42 crore during the previous quarter ended March 2021. Sales rose 4.38% to Rs 38.85 crore in the quarter ended March 2022 as against Rs 37.22 crore during the previous quarter ended March 2021.

For the full year,net profit rose 17.97% to Rs 19.04 crore in the year ended March 2022 as against Rs 16.14 crore during the previous year ended March 2021. Sales rose 11.00% to Rs 129.51 crore in the year ended March 2022 as against Rs 116.68 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales38.8537.22 4 129.51116.68 11 OPM %21.8023.75 -20.6421.64 - PBDT9.318.79 6 29.6225.12 18 PBT8.127.92 3 25.5621.83 17 NP6.056.42 -6 19.0416.14 18

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