Permanent Magnets Ltd Q1FY23 net profit down at Rs. 4.19 crores

PERMANENT MAGNETS LTD. has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 36.2918 crores during the period ended June 30, 2022 as compared to Rs. 39.8850 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 4.1998 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 6.0479 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 4.88 for the period ended June 30, 2022 as compared to Rs. 7.05 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 36.2918 crs	₹39.8850 crs	-9.01%
Net Profit	₹4.1998 crs	₹6.0479 crs	-30.56%
EPS	₹4.88	₹7.05	-30.78%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 36.2918 crores during the period ended June 30, 2022 as compared to Rs.32.7209 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.4.1998 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.4.7697 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.4.88 for the period ended June 30, 2022 as compared to Rs.5.55 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 36.2918 crs	₹32.7209 crs	10.91%
Net Profit	₹4.1998 crs	₹4.7697 crs	-11.95%
EPS	₹4.88	₹5.55	-12.07%

Shares of PERMANENT MAGNETS LTD. was last trading in BSE at Rs. 350.70 as compared to the previous close of Rs. 329.90. The total number of shares traded during the day was 16939 in over 309 trades.

The stock hit an intraday high of Rs. 359.00 and intraday low of 325.00. The net turnover during the day was Rs. 5876457.00.

Source : Equity Bulls

Keywords

PermanentMagnets Q1FY23 ResultUpdate