Categories AlphaGraphs, Other Industries

Permanent Magnets Ltd Q1FY24; 62% rise in Profits

Permanent Magnets Limited (PML) is a Mumbai based, one of the flagship Companies of Taparia Group. It is manufacturer and exporter of Magnetic assemblies, shunt assemblies & brass terminals, Alnico Cast. (Magnets and Yoke Assemblies, Parts and accessories of electricity meters in the world. PML has further started with supplies of Gas meters parts and accessories.

Financial Results:

Permanent Magnets Ltd reported Revenues for Q1FY24 of ₹43.64 Crores up from ₹35.03 Crore year on year, a rise of 24.58%.

Total Expenses for Q1FY24 of ₹35.28 Crores up from ₹30.71 Crores year on year, a rise of 14.88%.

Consolidated Net Profit of ₹6.79 Crores up 61.67% from ₹4.20 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.90, up 61.89% from ₹4.88 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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