Permanent Magnets reports 13% revenue growth, 36% PAT rise in FY26
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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 strong FY26 standalone results. Revenue from operations grew 13% to about Rs 225 crore, led by H2 recovery in the Alloys division. Operating margin expanded to 17% from 14% on better product mix. PAT rose 36% to Rs 21 crore despite a one-time provision for new labour codes. Focus is on scaling Alloys, Relays and the Quantum Magnetics subsidiary for future growth. ROCE at 16%, debt-equity at 0.23x.
Positive year with margin gains and strong PAT growth. Relays ramp-up delayed but new verticals like Alloys and Quantum Magnetics offer long-term potential.