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Permanent Magnets standalone net profit declines 44.17% in the June 2020 quarter

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Capital Market

Sales decline 38.80% to Rs 15.41 crore

Net profit of Permanent Magnets declined 44.17% to Rs 1.58 crore in the quarter ended June 2020 as against Rs 2.83 crore during the previous quarter ended June 2019. Sales declined 38.80% to Rs 15.41 crore in the quarter ended June 2020 as against Rs 25.18 crore during the previous quarter ended June 2019. ParticularsQuarter EndedJun. 2020Jun. 2019% Var.Sales15.4125.18 -39 OPM %16.9415.85 -PBDT2.984.29 -31 PBT2.303.98 -42 NP1.582.83 -44

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First Published: Aug 24 2020 | 3:48 PM IST

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