Permanent Magnets Q4 Revenue Up 47% YoY

PML reported Q4 standalone revenue of ₹66 crore, a 47% YoY increase, with full-year revenue at ₹225 crore, up 13% YoY.
EBITDA margin for FY26 improved to 17% from 14% in FY25, aided by a favorable product mix and scale-up in the Alloys division.
Management provided FY27 revenue growth guidance of 20-30% and outlined a significant capex plan of ₹40-50 crore for PML and a similar amount for its Quantum Magnetics subsidiary.
Commercial ramp-up of the Relays project is now expected in H2 FY27, while the new Alloys furnace, installed in January, is already operating at 80-90% capacity.