Pursuant to Regulation 33 enclosed herewith Unaudited Standalone & Consolidated Financial Results for the Quarter ended June 30, 2025
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Awaiting price reaction for this filing.
Permanent Magnets reported Q1 FY26 standalone revenue of Rs 53.16 crore, slightly down about 2% from Rs 54.32 crore a year ago. Despite the topline dip, standalone profit after tax jumped nearly 27% YoY to Rs 7.28 crore (vs Rs 5.75 crore), helped by a sharp drop in raw material costs (Rs 27.29 cr vs Rs 31.80 cr) and contained other expenses. Standalone EPS rose to Rs 8.46 from Rs 6.69. On a consolidated basis, revenue fell to Rs 53.55 crore while PAT grew about 22% YoY to Rs 6.17 crore, including wholly owned subsidiary Quantum Magnetics Pvt Ltd. The auditors (Jayesh Sanghrajka & Co LLP) gave an unqualified review opinion but flagged an old Bombay High Court matter, where a 2015 winding-up order is under an interim stay, as an emphasis of matter.
Margin-led profit growth is positive for shareholders, but the mild YoY revenue decline and the unresolved 2015 winding-up petition (still under stay) remain key watch items that could weigh on stock sentiment.