Permanent Magnets Ltd. Reports Q1FY26 Financials: Revenue at $53.55M, EBITDA Margin at 20%

Permanent Magnets Ltd., a specialist in electrical components and assemblies for applications in automobiles and electricity meters, announced its financial results for Q1FY26 on 6th August 2025. The company reported a 1% YoY decrease in revenue, standing at $53.55M, and a significant 444 BPS increase in EBITDA margin, now at 20%. The improvement in profitability margins is largely driven by a favorable shift in product mix across both EV and Smart Meter product segments. The company's capital expenditure projects, including the Relay manufacturing facility and the new Furnace in the Alloys business, are progressing as planned.