Permanent Magnets Limited submitted its unaudited standalone financial results for Q2FY27 (quarter ended September 30, 2026) to the Bombay Stock Exchange pursuant to Regulation 30 of SEBI Listing Regulations.

Financial Performance Highlights (Standalone, ₹ Crore)

Q2FY27 Key Metrics:

  • Revenue from Operations: ₹72.46 Cr, up 49% YoY from ₹48.74 Cr in Q2FY26
  • Total Income: ₹73.49 Cr, up 46% YoY from ₹50.29 Cr in Q2FY26
  • Total Operating Expenses: ₹54.65 Cr, up 31% YoY from ₹41.87 Cr in Q2FY26
  • EBITDA (Excluding Other Income): ₹17.81 Cr, up 159% YoY from ₹6.87 Cr in Q2FY26
  • EBITDA Margin: 24.6%, improved by 1,048 basis points from 14.1% in Q2FY26
  • Finance Cost: ₹0.81 Cr, up 88% YoY from ₹0.43 Cr in Q2FY26
  • Depreciation & Amortization: ₹3.43 Cr, up 25% YoY from ₹2.74 Cr in Q2FY26
  • Profit Before Taxes: ₹14.60 Cr, up 178% YoY from ₹5.25 Cr in Q2FY26
  • Profit After Taxes: ₹9.98 Cr, up 156% YoY from ₹3.90 Cr in Q2FY26
  • Earnings Per Share: ₹11.61, up 156% YoY from ₹4.54 in Q2FY26

Quarterly Comparison:

  • Revenue from Operations increased from ₹63.23 Cr in Q1FY27 to ₹72.46 Cr in Q2FY27
  • EBITDA improved from ₹11.93 Cr in Q1FY27 to ₹17.81 Cr in Q2FY27
  • EBITDA Margin expanded from 18.9% in Q1FY27 to 24.6% in Q2FY27
  • Profit After Taxes increased from ₹6.25 Cr in Q1FY27 to ₹9.98 Cr in Q2FY27
  • EPS increased from ₹7.27 in Q1FY27 to ₹11.61 in Q2FY27

Management Commentary

Sharad Taparia, Managing Director, commented on the results:

  • Revenue growth was driven by strong demand in the EV segment and pickup in demand from domestic smart meter customers
  • EV demand is expected to remain at similar levels for the rest of FY27
  • Margin improvement attributed to better product mix from higher EV demand and positive operating leverage from higher business throughput
  • Alloys division revenue increased significantly YoY (H1FY27 vs H1FY26) but full capacity utilization was hampered by teething issues at the new furnace
  • Better furnace capacity utilization expected in H2FY27
  • Relays business expects to make pilot supplies in H2FY27 with material ramp-up expected in FY28
  • Quantum Magnetics Phase 2 CAPEX commissioned in October 2026 (covering block cutting, machining, and surface treatment), meeting the previously shared Q3FY27 timeline
  • Product approval process for Quantum Magnetics expected to start soon
  • H2FY27 focus areas: improving utilization in Alloys division, starting pilot supplies in Relays, and advancing customer approvals in Quantum Magnetics

Company Background

Permanent Magnets Limited, incorporated in 1960, has over 65 years of experience in magnets, magnetic assemblies and shunts. The company is a leading solution provider of electrical components and assemblies with applications in automobile, energy meter, renewable energy, aerospace & defense, food & beverage, and other industries. The company specializes in five core product categories: magnetic sensing, current sensing, magnetic assemblies, alloys, and ZAMAK die-casting.

Disclosure Note

The document contains unaudited standalone financial figures and includes a standard safe harbor statement noting that the information is prepared solely for informational purposes based on data the company considers reliable, but no representations or warranties are made about its accuracy or completeness.