Investor Presentation on Audited (Standalone & Consolidated) Financial Results for the quarter and year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Permanent Magnets Limited filed its investor presentation for Q4 and FY25. Full-year revenue rose modestly by 2% YoY to ₹209.21 Cr, but profitability took a hit — EBITDA fell 11% to ₹30.44 Cr with margins contracting to 15% (from 17%), and profit after tax dropped 22% to ₹15.75 Cr. Q4FY25 was particularly weak, with revenue down 16% YoY at ₹45.28 Cr and PAT down 37% at ₹1.58 Cr. Management called FY25 a year of 'consolidation and transition,' blaming muted EV demand (Western OEMs losing share to Chinese players) and slower-than-expected smart meter order intake for the margin pressure. On the growth side, the company added Latching Relays via a UK licensing deal, has begun CAPEX for relay manufacturing starting H2FY26, secured AS 9100 aerospace certification for its alloys business, and is expanding its subsidiary Quantum Magnetics into rare-earth magnets.
Near-term earnings disappointed with shrinking margins across most KPIs (ROCE fell to 14% from 21%, ROE to 11% from 16%), but management's diversification moves into relays, alloys, and rare-earth magnets could be future growth drivers if execution holds up. Stock may stay under pressure until visibility on the new initiatives improves.