Permanent Magnets Limited has reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the financial statements at a meeting held on May 13, 2026. On a standalone basis, the full-year net profit rose to ₹20.39 crore from ₹15.17 crore in the previous year, while total income increased to ₹231.65 crore from ₹204.08 crore. The statutory auditors, M/s. Jayesh Sanghrajka and Co LLP, issued an unmodified opinion on both the standalone and consolidated financial results.

Q4 Standalone Performance

Permanent Magnets posted a strong quarter-on-quarter improvement in its standalone results for the quarter ended March 31, 2026. Net profit for the quarter stood at ₹52M rupees compared to ₹26M rupees in the same period last year, reflecting a near doubling of profitability. Revenue for the quarter came in at ₹667M rupees versus ₹453M rupees in the year-ago period. EBITDA for the quarter surged to ₹100M rupees from ₹54M rupees, with the EBITDA margin expanding to 15% from 12% year-on-year, indicating meaningful improvement in operating efficiency.

The table below summarises the key Q4 standalone metrics:

Standalone Financial Performance

Permanent Magnets delivered a strong improvement in standalone profitability for the full year. Revenue from operations grew to ₹225.46 crore from ₹199.54 crore in the prior year, while other income stood at ₹6.20 crore. Total expenditures for the year were ₹202.20 crore, resulting in profit from operations before exceptional items and tax of ₹29.45 crore. Exceptional items of ₹1.74 crore were recognised during the year, primarily on account of the incremental impact of four new Labour Codes implemented by the Government of India with effect from November 21, 2025, assessed through an actuarial valuation.

The following table summarises the key standalone financial metrics:

Consolidated Financial Performance

On a consolidated basis, which includes subsidiary Quantum Magnetics Private Limited, total income for the year reached ₹232.30 crore compared to ₹209.21 crore in the previous year. Revenue from operations on a consolidated basis was ₹226.24 crore. The consolidated net profit for the year stood at ₹14.77 crore, against ₹15.75 crore in the prior year. The consolidated profit before tax was ₹22.39 crore, after accounting for exceptional items of ₹1.75 crore. The consolidated basic and diluted EPS for the year was ₹17.52, compared to ₹18.30 in the previous year.

Balance Sheet Highlights

The standalone total assets as at March 31, 2026 stood at ₹238.35 crore, up from ₹189.91 crore in the previous year. Non-current assets increased to ₹87.33 crore from ₹60.95 crore, while current assets rose to ₹151.02 crore from ₹128.97 crore. On the liabilities side, total equity stood at ₹164.97 crore. On a consolidated basis, total assets were ₹282.15 crore as at March 31, 2026, compared to ₹194.16 crore in the prior year, with total equity at ₹157.39 crore.

Cash Flow Summary

On a standalone basis, net cash flow from operating activities for the year was ₹31.40 crore, compared to ₹36.30 crore in the previous year. Net cash used in investing activities was ₹27.75 crore, primarily driven by additions to fixed assets and capital work-in-progress. Net cash from financing activities was ₹2.91 crore, supported by proceeds from long-term borrowings of ₹13.92 crore. Closing cash and cash equivalents on a standalone basis stood at ₹11.79 crore, up from ₹5.24 crore at the start of the year. On a consolidated basis, closing cash and cash equivalents were ₹28.11 crore.

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹2.20 per equity share, equivalent to 22% on the face value of ₹10 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting, the date of which will be intimated in due course.

Corporate Approvals

The Board approved several key corporate actions at its May 13, 2026 meeting. M/s. Krishna S & Associates, Cost Accountants (FRN: 100939), was appointed as Cost Auditor for the financial year 2026-27, subject to ratification of remuneration by shareholders. The Board also proposed increasing the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from INR 100 crores to INR 300 crores, and correspondingly increasing the limits for creation of charge, mortgage, hypothecation, or encumbrance on the company's properties under Section 180(1)(a) to INR 300 crores. Additionally, shareholder consent was sought for making investments and/or providing loans and guarantees in excess of limits prescribed under Section 186 of the Companies Act, 2013. The Board also proposed an alteration to the Main Objects under the Object Clause of the Memorandum of Association to include latching and other relays, forgings, NdFeB including rare earth permanent magnets, current sensors, laminations of different materials, motors and parts of motor, among other items. All these proposals are subject to shareholder approval at the ensuing Annual General Meeting.

Permanent Magnets Limited has notified the Bombay Stock Exchange of an upcoming board meeting scheduled for Wednesday, May 13, 2026. The intimation has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated via a letter dated May 05, 2026, signed by Company Secretary Rachana Sawant.

Board Meeting Agenda

The board meeting has been convened to address key financial and corporate matters for the quarter and financial year ended March 31, 2026. The following items are on the agenda:

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for prevention of insider trading, the trading window for dealing in securities of the company has been kept closed for Designated Persons and their Immediate Relatives. The closure is in effect pursuant to the company's letter dated March 27, 2026.

The key dates related to the trading window are as follows:

Company Background

Permanent Magnets Limited, incorporated since 1960 and registered in Silvassa, Dadra and Nagar Haveli (U.T.), holds multiple quality certifications including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company's registered office is located at Harsh Avenue, 302, 3rd Floor, Opp. Silvassa Police Station, Silvassa Vapi Main Road, Silvassa – 396 230. The filing was made to the Corporate Relation Department of the Bombay Stock Exchange Limited.