Permanent Magnets Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 505.3 million compared to INR 528.2 million a year ago. Revenue was INR 515.9 million compared to INR 542.9 million a year ago. Net income was INR 38.4 million compared to INR 90.9 million a year ago. Basic earnings per share from continuing operations was INR 4.47 compared to INR 10.58 a year ago. Diluted earnings per share from continuing operations was INR 4.47 compared to INR 10.58 a year ago.
For the nine months, sales was INR 1,478.8 million compared to INR 1,333.6 million a year ago. Revenue was INR 1,505.1 million compared to INR 1,375.2 million a year ago. Net income was INR 177 million compared to INR 209.6 million a year ago. Basic earnings per share from continuing operations was INR 20.58 compared to INR 24.37 a year ago. Diluted earnings per share from continuing operations was INR 20.58 compared to INR 24.37 a year ago.