Permanent Magnets has received upgrade in credit ratings from Acuite Ratings and Research for banking facilities availed by the company as under:Long term rating - ACUITE BBB-; Stable Short term rating - ACUITE A3 Powered by Capital Market - Live News

Net profit of Permanent Magnets declined 49.83% to Rs 4.56 crore in the quarter ended December 2023 as against Rs 9.09 crore during the previous quarter ended December 2022. Sales declined 4.34% to Rs 50.53 crore in the quarter ended December 2023 as against Rs 52.82 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales50.5352.82 -4 OPM %14.0123.29 - PBDT7.5213.34 -44 PBT5.8311.89 -51 NP4.569.09 -50 Powered by Capital Market - Live News

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 13 February 2024.Powered by Capital Market - Live News

Net profit of Permanent Magnets declined 4.18% to Rs 7.34 crore in the quarter ended September 2023 as against Rs 7.66 crore during the previous quarter ended September 2022. Sales rose 17.99% to Rs 53.71 crore in the quarter ended September 2023 as against Rs 45.52 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales53.7145.52 18 OPM %21.4523.02 - PBDT11.9511.51 4 PBT9.9310.29 -3 NP7.347.66 -4 Powered by Capital Market - Live News

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 7 November 2023.Powered by Capital Market - Live News