Permanent Magnets standalone net profit rises 62.94% in the March 2021 quarter

Image
Capital Market
Last Updated : May 28 2021 | 4:31 PM IST

Sales rise 61.90% to Rs 37.22 crore

Net profit of Permanent Magnets rose 62.94% to Rs 6.42 crore in the quarter ended March 2021 as against Rs 3.94 crore during the previous quarter ended March 2020. Sales rose 61.90% to Rs 37.22 crore in the quarter ended March 2021 as against Rs 22.99 crore during the previous quarter ended March 2020.

For the full year,net profit rose 12.71% to Rs 16.14 crore in the year ended March 2021 as against Rs 14.32 crore during the previous year ended March 2020. Sales rose 9.50% to Rs 116.68 crore in the year ended March 2021 as against Rs 106.56 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales37.2222.99 62 116.68106.56 10 OPM %23.7526.88 -21.6419.28 - PBDT8.796.69 31 25.1221.92 15 PBT7.924.94 60 21.8318.93 15 NP6.423.94 63 16.1414.32 13

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2021 | 4:12 PM IST

Next Story