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Share the post "Permanent Magnets ‘s Latest Q2 Report: Profit Up by 0.28% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 4.45 % in the past year, substantial increase in net sales/revenue by 3.28 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 108.06 %. Marginal decrease of -5.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Permanent Magnets Ltd.. Notable increase of 0.28 % in net profit Year to Year, Permanent Magnets Ltd.’s profitability increased by 41.15 % in this quarter.
- EPS over the Year and quarter: EPS increased by 0.24 % Year to Year. EPS increased by 40.78 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 53.71 Cr | Rs. 54.32 Cr | Rs. 56.1 Cr | + 3.28 % | + 4.45 % |
| Expenses | Rs. 42.47 Cr | Rs. 45.9 Cr | Rs. 45.4 Cr | -1.09 % | + 6.9 % |
| Operating Profit | Rs. 11.24 Cr | Rs. 8.42 Cr | Rs. 10.7 Cr | + 27.08 % | -4.8 % |
| OPM % | 20.93 % | 15.5 % | 19.07 % | + 3.57 % | -1.86 % |
| Other Income | Rs. 0.62 Cr | Rs. 1.36 Cr | Rs. 1.29 Cr | -5.15 % | + 108.06 % |
| Interest | Rs. 0.17 Cr | Rs. 0.54 Cr | Rs. 0.55 Cr | + 1.85 % | + 223.53 % |
| Depreciation | Rs. 2.02 Cr | Rs. 2.23 Cr | Rs. 2.5 Cr | + 12.11 % | + 23.76 % |
| Profit before tax | Rs. 9.67 Cr | Rs. 7.01 Cr | Rs. 8.94 Cr | + 27.53 % | -7.55 % |
| Tax % | 26.78 % | 28.25 % | 20.58 % | -7.67 % | -6.2 % |
| Net Profit | Rs. 7.08 Cr | Rs. 5.03 Cr | Rs. 7.1 Cr | + 41.15 % | + 0.28 % |
| EPS in Rs | Rs. 8.23 | Rs. 5.86 | Rs. 8.25 | + 40.78 % | + 0.24 % |
Today, we’re looking at Permanent Magnets Ltd.’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 4.45 %. However, it did see a marginal increase of 3.28 % from the previous quarter. Expenses decreased slightly by -1.09 % quarter-on-quarter, aligning with the annual rise of 6.9 %. Operating profit, while down -4.8 % compared to last year, faced a quarter-on-quarter increase of 27.08 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.86 %, but an expansion of 3.57 % sequentially. Other income fell by -5.15 % compared to the last quarter, despite an annual growth of 108.06 %. Interest expenses surged remarkably by 1.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 223.53 %. Depreciation costs climbed by 12.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.76 %. Profit before tax declined annually by -7.55 % but saw an increase from the preceding quarter by 27.53 %.
Tax expenses as a percentage of profits decreased slightly by -6.2 % compared to last year, with a more notable quarter-on-quarter decrease of -7.67 %. Net profit rose by 0.28 % year-on-year but experienced a 41.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.24 % but a quarterly rise of 40.78 %. In summary, Permanent Magnets Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 53.71 Cr | Rs. 54.32 Cr | Rs. 56.1 Cr | + 3.28 % | + 4.45 % |
| Expenses | Rs. 42.47 Cr | Rs. 45.9 Cr | Rs. 45.4 Cr | -1.09 % | + 6.9 % |
| Operating Profit | Rs. 11.24 Cr | Rs. 8.42 Cr | Rs. 10.7 Cr | + 27.08 % | -4.8 % |
| Net Profit | Rs. 7.08 Cr | Rs. 5.03 Cr | Rs. 7.1 Cr | + 41.15 % | + 0.28 % |
| EPS in Rs | Rs. 8.23 | Rs. 5.86 | Rs. 8.25 | + 40.78 % | + 0.24 % |
In reviewing Permanent Magnets Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.45 % year-on-year growth, however, there was a minor increase of 3.28 % from the previous quarter. Expenses rose by 6.9 % compared to the previous year, with a decrease of -1.09 % quarter-on-quarter. Operating Profit dropped by -4.8 % annually, and saw a 27.08 % increase from the last quarter.
Net Profit showed yearly increase of 0.28 %, and experienced a 41.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0.24 % annually, however rose by 40.78 % compared to the last quarter. In essence, while Permanent Magnets Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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