Quarterly Result13 Nov 2025, 05:12 pm
Permanent Magnets Ltd. Reports Q2 & H1FY26 Financial Results: EBITDA Margins Moderated Due to Lower Exports
AI Summary
Permanent Magnets Ltd., a specialist in electrical components and assemblies for applications in automobiles and electricity meters, announced its financial results for Q2 & H1FY26. The company's EBITDA margins moderated in Q2FY26 due to lower exports, particularly to the US, following recent tariff policy changes. The domestic energy meter business also recorded lower demand both YOY and sequentially. The decline in exports and the domestic smart metering business was partially offset by higher volumes in the alloy segment during Q2 compared to Q1. The company is focusing on timely completion of key projects across alloys, relays, and the joint venture, which are expected to support future growth.
Key Highlights
- EBITDA margins moderated in Q2FY26 due to lower exports, particularly to the US, following recent tariff policy changes.
- Domestic energy meter business recorded lower demand both YOY and sequentially.
- Higher volumes in the alloy segment during Q2 compared to Q1.
- Focus on timely completion of key projects across alloys, relays, and the joint venture.
- Expected support for future growth from completed projects.