Permanent Magnets Q3 FY24 Results Live : profit falls by 57.78% YOY
Permanent Magnets Q3 FY24 Results Live : Revenue decreased by 4.33% YoY & profit decreased by 57.78% YoY
Permanent Magnets declared their Q3 FY24 results on 13 Feb, 2024. The topline decreased by 4.33% & the profit decreased by 57.78% YoY. As compared to the previous quarter, the revenue declined by 5.92% and the profit decreased by 45.76%.
The Selling, general & administrative expenses rose by 12.01% q-o-q & increased by 25.96% Y-o-Y.
The operating income was down by 47.29% q-o-q & decreased by 55.21% Y-o-Y.
The EPS is ₹4.47 for Q3 FY24, which decreased by 57.75% Y-o-Y.
Permanent Magnets has delivered -18.79% return in the last 1 week, -31.13% return in the last 6 months, and -26.62% YTD return.
Currently, Permanent Magnets has a market cap of ₹898.67 Cr and 52wk high/low of ₹1721 & ₹694 respectively.
Permanent Magnets Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 50.53 | 53.71 | -5.92% | 52.82 | -4.33% |
| Selling/ General/ Admin Expenses Total | 3.17 | 2.83 | +12.01% | 2.52 | +25.96% |
| Depreciation/ Amortization | 1.94 | 2.02 | -3.96% | 1.45 | +33.89% |
| Total Operating Expense | 45.67 | 44.49 | +2.65% | 41.97 | +8.82% |
| Operating Income | 4.86 | 9.22 | -47.29% | 10.85 | -55.21% |
| Net Income Before Taxes | 5.11 | 9.67 | -47.16% | 11.89 | -57.03% |
| Net Income | 3.84 | 7.08 | -45.76% | 9.09 | -57.78% |
| Diluted Normalized EPS | 4.47 | 8.23 | -45.69% | 10.58 | -57.75% |
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