| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 63.23 | 5.0% | 18.1% |
| Total Income | 64.16 | 6.5% | 17.1% |
| Expenditure | 58.16 | 8.8% | 26.1% |
| PBT | 6.00 | 12.2% | 30.8% |
| Net Profit | 3.81 | 4.5% | 38.1% |
| OPM | 17.37% | 2.39pp | 2.59pp |
| NPM | 5.94% | 0.12pp | 5.30pp |
| EPS | 4.42 | 11.4% | 38.4% |
Revenue grew 18.1% YoY but OPM contracted ~260bps and adjusted PAT fell 38.1% YoY on margin squeeze, a clear below-par profitability outcome despite topline growth.
Permanent Magnets Q1FY27 Revenue Up 19% YoY to ₹63.23 Cr
06 Aug 2026 · 6 Aug, 2:34 pm
Summary
Permanent Magnets Limited announced its financial results for Q1FY27, reporting a 19% year-on-year growth in Revenue from Operations to ₹63.23 crore. Total Income also saw a 17% increase, reaching ₹64.05 crore. Despite a 7% year-on-year rise in EBITDA to ₹11.93 crore, Profit After Taxes decreased by 14% to ₹6.25 crore. Management highlighted the positive contribution of the Alloys division and provided updates on ongoing projects, including the Relays project and CAPEX for Quantum Magnetics, with commercialization expected in H2 FY27 and Q3 FY27 respectively.
Key Highlights
- 1
Revenue from Operations for Q1FY27 grew by 19% year-on-year to ₹63.23 crore.
- 2
Total Income for Q1FY27 stood at ₹64.05 crore, a 17% increase year-on-year.
- 3
Profit After Taxes for Q1FY27 was ₹6.25 crore, a decrease of 14% year-on-year.
- 4
EBITDA (Excluding OI) for Q1FY27 was ₹11.93 crore, a 7% increase year-on-year.
- 5
The Alloys division has been a notable contributor following the commissioning of new capacity in Q4FY26.
- 6
Focus remains on the Relays project with commercial business anticipated in the second half of the financial year.
- 7
Quantum Magnetics Phase 2 CAPEX for block cutting, machining, and surface treatment is on track for commissioning in Q3FY27.
Management Comments
Sharad Taparia
Revenue from Operations for Q1FY27 grew by 19% YoY, marking a good start to the year. The Alloys division has been a notable contributor in recent quarters, following the commissioning of new capacity in Q4FY26. We continue to engage with customers across Oil & Gas, Aerospace, and other sectors. Operating margins during the quarter remained healthy, aided by a favourable product mix. While the Alloys division has started contributing commercial volumes, our focus is also on the Relays project, where we are working towards commercial business in the second half of the financial year. In Quantum Magnetics, the Phase 2 CAPEX covering block cutting, machining, and surface treatment remains on track for commissioning in Q3FY27.
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