Audited (Standalone & Consolidated) Result - March 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Permanent Magnets Limited reported a decline in profitability for FY25 despite stable revenue. Standalone revenue from operations came in at Rs. 199.54 crore versus Rs. 201.47 crore in FY24, a marginal dip of about 1%. Standalone profit after tax fell sharply to Rs. 15.17 crore from Rs. 22.74 crore, a drop of around 33%, with EPS declining to Rs. 17.63 from Rs. 26.44. On a consolidated basis (including subsidiary Quantum Magnetics Pvt Ltd), revenue rose slightly to Rs. 205.05 crore, but PAT slipped to Rs. 15.75 crore from Rs. 20.20 crore. The Board recommended a final dividend of Rs. 2 per share (20% on face value of Rs. 10) subject to shareholder approval. The auditor issued an unmodified opinion but flagged an Emphasis of Matter regarding an old winding-up petition against the company, where the Bombay High Court has granted an interim stay and the company has deposited Rs. 19.05 lakh with interest. Other board items include re-appointment of Managing Director Sharad Taparia for five years from April 1, 2026, appointment of Dash Dwivedi & Associates as Secretarial Auditor for FY26–FY30, and a proposal to double authorised share capital from Rs. 10 crore to Rs. 20 crore.
For shareholders, the key takeaway is steady topline but meaningful pressure on margins, with profits down roughly a third year-on-year even as the company continues to reward investors with a 20% dividend. The auditor's Emphasis of Matter around a long-pending winding-up petition is a watch item, though the interim court stay keeps operations unaffected for now. The proposed capital expansion signals growth plans ahead.