Permanent Magnets standalone net profit declines 53.86% in the March 2024 quarter

Sales rise 8.53% to Rs 53.59 crore

Net profit of Permanent Magnets declined 53.86% to Rs 4.06 crore in the quarter ended March 2024 as against Rs 8.80 crore during the previous quarter ended March 2023. Sales rose 8.53% to Rs 53.59 crore in the quarter ended March 2024 as against Rs 49.38 crore during the previous quarter ended March 2023.

For the full year,net profit declined 23.56% to Rs 22.74 crore in the year ended March 2024 as against Rs 29.75 crore during the previous year ended March 2023. Sales rose 10.25% to Rs 201.47 crore in the year ended March 2024 as against Rs 182.74 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales53.5949.38 9 201.47182.74 10 OPM %13.1626.69 -17.5922.58 - PBDT7.7714.09 -45 37.7845.45 -17 PBT5.8412.18 -52 30.9139.96 -23 NP4.068.80 -54 22.7429.75 -24

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