Press Release on Unaudited Result for the quarter and nine months ended December 31, 2025

Permanent Magnets Ltd reported a strong Q3 FY26 with consolidated revenue of ₹57.02 Cr, up 16% year-on-year, driven by scale-up in the Alloys division, recovery in exports, and improved demand from electricity meter customers. EBITDA grew 67% YoY to ₹10.50 Cr, with margins expanding sharply by 567 basis points to 18% on a better revenue mix. Profit after tax rose 10% YoY to ₹2.25 Cr for the quarter, though it was partly muted by a one-time provision related to new labour codes. For 9M FY26, revenue was flat at ₹159.70 Cr, but PAT declined 24% to ₹10.79 Cr due to the labour code provision and higher finance and depreciation costs. On the growth front, a new Alloys furnace was installed in January with commercial dispatches beginning this month, the Relay facility is on track for Q4 FY26 commissioning, and the Quantum Magnetics JV's rare earth magnet cutting facility is expected to commission in early Q2 FY27.