| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 49.35 | 12.0% |
| Total Income | 50.41 | 12.2% |
| Expenditure | 47.26 | 2.5% |
| PBT | 3.15 | 64.8% |
| Net Profit | 2.05 | 71.1% |
| OPM | -4.28% | 12.48pp |
| NPM | 4.07% | 8.30pp |
| EPS | 2.38 | 71.2% |
Permanent Magnets Ltd. Reports Lower Q3FY25 Revenue Amid Subdued EV Demand
17 Feb 2025 · 17 Feb 2025, 05:49 pm
Summary
Permanent Magnets Ltd. (PML) announced its financial results for Q3 and 9MFY25, reporting a decrease in revenue from operations by 2% QOQ and 8% YOY in Q3FY25. The company faced subdued demand from the EV segment and reduced demand in the domestic smart meters business. Despite these challenges, PML reported a strategic development in its meters business segment with a licensing agreement with REL Developments Limited, United Kingdom. The company remains committed to its growth strategy and is confident of good growth in the coming years.
Key Highlights
- 1
Revenue from operations decreased by 2% QOQ and 8% YOY in Q3FY25
- 2
Total income decreased by 2% QOQ and 9% YOY in Q3FY25
- 3
Total operating expenses decreased by 2% QOQ and 12% YOY in Q3FY25
- 4
Profit before taxes decreased by 38% QOQ and 21% YOY in Q3FY25
- 5
Profit after taxes decreased by 47% QOQ and 20% YOY in Q3FY25
- 6
Strategic development in meters business segment with a licensing agreement with REL Developments Limited, United Kingdom
Management Comments
Cy
Despite the short-term challenges, we remain committed to our growth strategy and are confident of good growth in the coming years.
Informational and educational content only. Not investment advice.