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

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Capital Market

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.

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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

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

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