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 Ended�Mar. 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 Powered by Capital Market - Live News

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 16 May 2024Powered by Capital Market - Live News

Permanent Magnets has received upgrade in credit ratings from Acuite Ratings and Research for banking facilities availed by the company as under:Long term rating - ACUITE BBB-; Stable Short term rating - ACUITE A3 Powered by Capital Market - Live News

Net profit of Permanent Magnets declined 49.83% to Rs 4.56 crore in the quarter ended December 2023 as against Rs 9.09 crore during the previous quarter ended December 2022. Sales declined 4.34% to Rs 50.53 crore in the quarter ended December 2023 as against Rs 52.82 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales50.5352.82 -4 OPM %14.0123.29 - PBDT7.5213.34 -44 PBT5.8311.89 -51 NP4.569.09 -50 Powered by Capital Market - Live News

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 13 February 2024.Powered by Capital Market - Live News