Permanent Magnets Q1FY27 Revenue Up 19% YoY to ₹63.23 Cr
Permanent Magnets Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27). Revenue from operations grew by 19% year-on-year to ₹63.23 crore, driven by strong performance in the Alloys division, which is benefiting from new capacity commissioned in Q4FY26. Total income increased by 17% YoY to ₹64.05 crore. Operating margins remained healthy at 19%, although they decreased by 211 basis points YoY. Profit Before Taxes saw a decline of 13% YoY to ₹8.52 crore, and Profit After Taxes decreased by 14% YoY to ₹6.25 crore. Earnings Per Share (EPS) also fell by 14% YoY to ₹7.27. The company highlighted ongoing customer engagement in Oil & Gas and Aerospace sectors, and progress on the Relays project and Quantum Magnetics Phase 2 CAPEX, which is on track for commissioning in Q3FY27.
Key Highlights
- Revenue from operations grew 19% YoY to ₹63.23 Cr in Q1FY27.
- Alloys division contributed significantly due to new capacity.
- Operating margins were healthy at 19%, down 211 bps YoY.
- Profit After Taxes declined 14% YoY to ₹6.25 Cr.
- Quantum Magnetics Phase 2 CAPEX on track for Q3FY27 commissioning.
Price Impact
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