Permanent Magnets Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 528.2 million compared to INR 276.52 million a year ago. Revenue was INR 542.85 million compared to INR 286.42 million a year ago. Net income was INR 90.94 million compared to INR 36.01 million a year ago. Basic earnings per share from continuing operations was INR 10.58 compared to INR 4.19 a year ago. Diluted earnings per share from continuing operations was INR 10.58 compared to INR 4.19 a year ago.
For the nine months, sales was INR 1,333.6 million compared to INR 906.65 million a year ago. Revenue was INR 1,375.22 million compared to INR 933.74 million a year ago. Net income was INR 209.55 million compared to INR 129.97 million a year ago. Basic earnings per share from continuing operations was INR 24.37 compared to INR 15.11 a year ago. Diluted earnings per share from continuing operations was INR 24.37 compared to INR 15.11 a year ago.