Permanent Magnets Q2FY27 Revenue Up 49% YoY to ₹72.46 Cr
Permanent Magnets Limited announced its financial results for Q2FY27, reporting a significant year-on-year increase in revenue and profitability. Revenue from operations stood at ₹72.46 Cr, a 49% rise driven by strong demand in the EV segment and domestic smart meter customers. EBITDA surged by 159% YoY to ₹17.81 Cr, with EBITDA margins improving to 25% due to a better product mix and operating leverage. The company also highlighted progress in its Alloys division, expecting better furnace utilization in H2FY27, and pilot supplies in the Relays business. Phase 2 CAPEX for Quantum Magnetics was commissioned, with product approvals expected soon. The company anticipates continued strong demand in the EV segment for the remainder of the fiscal year.
Key Highlights
- Revenue from operations increased 49% YoY to ₹72.46 Cr in Q2FY27.
- EBITDA grew 159% YoY to ₹17.81 Cr, with margins at 25%.
- Strong demand in EV and smart meter segments drove revenue growth.
- Phase 2 CAPEX for Quantum Magnetics commissioned; pilot supplies in Relays expected.
- Focus on improving Alloys division utilization and advancing Quantum Magnetics approvals.
Price Impact
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