Unaudited Financial Results as on September 30, 2025
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Permanent Magnets Limited reported mixed results for Q2 and H1 FY26. Standalone revenue from operations fell to ₹48.74 crore in Q2 FY26 from ₹50.60 crore in Q2 FY25, and to ₹101.90 crore in H1 FY26 from ₹104.92 crore in H1 FY25, a decline of nearly 3%. Despite the revenue dip, standalone profit after tax grew about 18% to ₹11.17 crore in H1 FY26 (from ₹9.48 crore), helped by lower raw material costs and improved margins. On a consolidated basis, however, the picture is weaker — H1 revenue fell roughly 7% to ₹102.68 crore and consolidated profit after tax dropped nearly 30% to ₹8.53 crore, pulled down by the subsidiary. The company's H1 operating cash flow turned negative (standalone: -₹4.92 crore; consolidated: -₹5.21 crore). The auditor issued an unmodified review opinion but highlighted the ongoing Bombay High Court winding-up matter from 2015, where the company has an interim stay. The wholly-owned subsidiary Quantum Magnetics entered into a joint venture with Lorentic Pte Limited in August 2025.
Standalone earnings show margin resilience despite a small revenue dip, which is mildly positive for shareholders. However, the sharp fall in consolidated profit, negative operating cash flow, and the lingering winding-up litigation are key risks that may weigh on investor sentiment and stock price in the near term.