Audited Financial Result for the year ended March 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Permanent Magnets Ltd reported standalone revenue of Rs 226.24 crore for FY26, up 10.3% from Rs 205.05 crore in FY25. However, profit after tax declined to Rs 14.77 crore from Rs 15.75 crore in the previous year, a fall of about 6.2%. The company recognised an exceptional item of Rs 1.75 crore due to new labour code implementation affecting employee benefit obligations. The auditors issued an unmodified (clean) opinion, though they drew attention to an emphasis of matter regarding an interim stay order by Bombay High Court against a winding up order against the company. The board recommended a dividend of Rs 2.20 per share (22%) and sought shareholder approval to increase borrowing limits from Rs 100 crore to Rs 300 crore.
PAT decline despite revenue growth signals margin pressure. The company is expanding borrowing capacity and diversifying into new product categories, which may involve higher leverage. The pending court case despite interim stay adds legal uncertainty. The clean audit opinion is reassuring for investors.