Press Release on Unaudited (Standalone & Consolidated) Financial Result for the quarter ended June 30, 2025
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Permanent Magnets Limited announced its Q1FY26 (quarter ended June 30, 2025) unaudited consolidated results. Revenue from operations stood at ₹53.55 Cr, down marginally 1% YoY from ₹54.32 Cr but up sequentially from ₹45.28 Cr in Q4FY25. Profitability improved significantly, with EBITDA rising 27% YoY to ₹10.69 Cr and EBITDA margin expanding by 444 basis points to 20%. Profit After Tax grew 22% YoY to ₹6.17 Cr, with EPS at ₹7.17 (up 22%). The management attributed margin improvement to a favorable shift in product mix across EV and Smart Meter segments. The company also confirmed that its Relay manufacturing facility is progressing on schedule with customer trials underway, and initial orders are expected when the facility goes live in Q4FY26. The Alloys business has commenced commercial operations, with a new Furnace commissioning planned for December 2025.
Despite flat top-line growth, the strong margin expansion and 22% PAT growth signal improved operational efficiency, which is positive for shareholders. The upcoming capacity additions in Relay and Alloys businesses could drive future revenue growth, though near-term topline remains soft.