Unaudited Result for the quarter and nine months ended December 31, 2025
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Permanent Magnets reported standalone revenue from operations of Rs 57.02 crore in Q3 FY26, up about 14.5% from Rs 49.78 crore in Q3 FY25, while total income rose to Rs 58.58 crore. Standalone profit after tax jumped to Rs 4.06 crore from Rs 3.07 crore, a roughly 32% YoY increase, and nine-month PAT grew to Rs 15.23 crore from Rs 11.53 crore, also about 32% higher. The company booked an exceptional item of Rs 2.19 crore (standalone) and Rs 2.25 crore (consolidated) due to employee benefit obligations from new Labour Codes. The board also appointed InCorp Advisory Services as internal auditor for FY27, replacing M/s G S Nayak & Co, and the statutory auditor issued an unmodified review report while flagging a pending Bombay High Court matter on an old winding-up order (now under stay).
Profitability improved sharply both quarter and year-to-date, aided by the exceptional Labour Code charge being the only drag; however, the old winding-up litigation and a mid-year internal auditor change are governance watchpoints that investors should monitor.