Permanent Magnets Ltd

Permanent Magnets Limited, a specialist in electrical components and assemblies, announced its financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs 63.23 crore, a 19% year-over-year increase. The company's Alloys division contributed to the growth following the commissioning of new capacity in the fourth quarter of fiscal year 2026, while operating margins remained healthy due to a favorable product mix. The company is also focused on the Relays project, targeting commercial business in the second half of the financial year, and expects Phase 2 CAPEX for Quantum Magnetics to be commissioned in the third quarter of fiscal year 2027.

Permanent Magnets Ltd share price gained 1.97% to Rs 856.8. The Company's net profit slipped by 4.76% to Rs 3.8 crore, while revenue from operations softened by 4.97% to Rs 63.23 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.26 lakh crore, easing 4.71%. It has marginally improved by 3.14% over last one week and gained upto 3.77% in last one month while the market capitalization of Permanent Magnets Ltd has improved by 1.22% and 8.85% in the same period respectively. Profit before tax (PBT) of Permanent Magnets Ltd stood at Rs 5.99 crore in Q2 FY26, tanking 30.91% year-on-year, and heading higher 11.96% quarter-on-quarter. EBITDA came in at Rs 10 crore, rising 6.24% YoY and jumping 35.13% sequentially. Total expenses reduced by 10.25% to Rs 55.8 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 35.51 crore, posting a minor increase of 0.51% YoY, while employee benefits expense was at Rs 4.49 crore, inching up 6.65% YoY. For the TTM ended FY26, revenue from operations rose 10.33% to Rs 226.24 crore, while net profit eased 6.22% to Rs 14.77 crore, compared to previous TTM. EBITDA jumped by 2837% to Rs 30.62 crore, and PBT saw a minor gain of 7.80% to Rs 22.39 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 17.59 crore in FY26, as against Rs 38.1 crore in FY25. Permanent Magnets Ltd plunged by 8.53% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.94% during the same period.

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Permanent Magnets announced that the Annual General Meeting(AGM) of the company will be held on 5 August 2026.

Permanent Magnets announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the final dividend of Rs 2.2 per equity Share (i.e. 22%) , subject to the approval of the shareholders.

The agency has also upgraded the company's short-term rating to 'ACUITE A3+' from 'ACUITE A3'. Acuit' Ratings & Research stated that the rating upgrade factors in the group's stable business risk profile which is expected to strengthen further with augmentation in capacity utilisations and addition of new capacities facilitating diversification in product mix. The rating also factors in group's sustained healthy financial risk profile, supported by a strong net worth base, low gearing and comfortable debt protection metrics. The rating also reflects the group's long standing operational track record and experienced management. However, the rating remains constrained by the group's working capital-intensive operations and susceptibility of profitability to volatility in raw material prices in a highly competitive and fragmented industry. Permanent Magnets (PML) is engaged in manufacturing of Alnico (aluminium, nickel and cobalt) magnets & magnetic assemblies, parts and accessories of electricity meters, gas meters and electrical vehicles. The scrip rose 0.54% to currently trade at Rs 840.55 on the BSE. Powered by Capital Market - Live

Net profit of Permanent Magnets rose 10.29% to Rs 2.25 crore in the quarter ended December 2025 as against Rs 2.04 crore during the previous quarter ended December 2024. Sales rose 15.54% to Rs 57.02 crore in the quarter ended December 2025 as against Rs 49.35 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales57.0249.35 16 OPM %18.4312.75 - PBDT10.456.32 65 PBT6.903.15 119 NP2.252.04 10 Powered by Capital Market - Live

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 9 February 2026.Powered by Capital Market - Live

Net profit of Permanent Magnets declined 66.62% to Rs 2.37 crore in the quarter ended September 2025 as against Rs 7.10 crore during the previous quarter ended September 2024. Sales declined 12.42% to Rs 49.13 crore in the quarter ended September 2025 as against Rs 56.10 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales49.1356.10 -12 OPM %12.2119.06 - PBDT6.9111.43 -40 PBT3.708.93 -59 NP2.377.10 -67 Powered by Capital Market - Live

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live