Permanent Magnets Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 276.52 million compared to INR 321.15 million a year ago. Revenue was INR 286.42 million compared to INR 322.82 million a year ago. Net income was INR 36.02 million compared to INR 45.55 million a year ago. Basic earnings per share from continuing operations was INR 4.19 compared to INR 5.3 a year ago. Diluted earnings per share from continuing operations was INR 4.19 compared to INR 5.3 a year ago.
For the nine months, sales was INR 906.65 million compared to INR 794.63 million a year ago. Revenue was INR 933.74 million compared to INR 799.14 million a year ago. Net income was INR 129.97 million compared to INR 97.17 million a year ago. Basic earnings per share from continuing operations was INR 15.11 compared to INR 11.3 a year ago. Diluted earnings per share from continuing operations was INR 15.11 compared to INR 11.3 a year ago.