Permanent Magnets Reports Mixed Performance in Q2 FY 2024-2025 Financial Results

Permanent Magnets, a microcap engineering company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Permanent Magnets has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score from -3 to 3 in the last three months.

The company's operating cash flow has been consistently growing over the past three years, with the highest amount of Rs 19.36 crore generated annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of dividend distribution, Permanent Magnets has been performing well with the highest dividend per share (DPS) of Rs 1.80 and a consistent growth in the last five years. This shows that the company is distributing a higher proportion of profits to its shareholders.

The net sales for the quarter have also been the highest in the last five quarters, standing at Rs 56.10 crore. This indicates a positive trend in the company's sales performance in the near term.

Similarly, the profit after tax (PAT) for the quarter has been the highest in the last five quarters at Rs 7.10 crore. This shows a positive trend in the company's profitability in the near term.

Moreover, the earnings per share (EPS) for the quarter have also been the highest in the last five quarters at Rs 8.26. This indicates that the company has been able to create higher earnings for its shareholders.

However, the profit before tax (PBT) less other income for the quarter has fallen by -15.58% year on year (YoY) at Rs 7.64 crore. This shows a very negative trend in the company's PBT in the near term.

Overall, Permanent Magnets has shown a mixed performance in the quarter ending September 2024. While there are some positive trends in terms of cash flow, dividend distribution, and sales, there are also some negative trends in terms of PBT. Investors are advised to carefully analyze the company's financials before making any investment decisions.