Permanent magnets Limited has delivered impressive financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key metrics. The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting held on February 9, 2026.

Financial Performance Highlights

The company's standalone performance demonstrated significant growth momentum during Q3FY26. Revenue from operations reached ₹57.02 crore, marking a substantial 15.6% increase compared to ₹49.34 crore in the corresponding quarter of the previous year. This growth trajectory reflects the company's strengthening market position in engineering and current sensing applications.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Permanent Magnets Limited maintained its growth trajectory with revenue from operations of ₹158.92 crore compared to ₹154.26 crore in the corresponding period of the previous year. The company achieved a net profit of ₹15.23 crore for the nine-month period, representing an improvement from ₹12.53 crore in the previous year.

Consolidated Results Performance

The consolidated financial results, which include wholly-owned subsidiary Quantum Magnetics Private Limited, showed quarterly revenue of ₹57.02 crore with a net profit of ₹2.25 crore for Q3FY26. The consolidated nine-month revenue reached ₹159.70 crore with net profit of ₹10.79 crore, demonstrating the group's overall operational efficiency.

Corporate Governance Updates

The company announced the appointment of InCorp Advisory Services Pvt. Ltd. as internal auditor for the financial year 2026-2027, effective February 9, 2026. This appointment follows the resignation of M/s. G S Nayak & Co., Chartered Accountants, due to pre-occupation with other professional commitments. InCorp Advisory Services brings over 7 years of experience in providing internal audit, risk advisory, compliance, accounting, and corporate governance services across diverse industries.

Exceptional Items and Regulatory Impact

The company recognized exceptional items aggregating to ₹2.19 crore in standalone results and ₹2.23 crore in consolidated results for the quarter and nine-month period. These exceptional items relate to increased employee benefits obligations arising from the implementation of new Labour Codes notified by the Government of India on November 21, 2025. The four new Labour Codes consolidate 29 existing labour laws, impacting employee benefit calculations across Indian companies.

Operational Efficiency Metrics

The company's operational performance showed improved efficiency with profit from operations before exceptional items and tax reaching ₹8.70 crore in Q3FY26 compared to ₹4.23 crore in the corresponding quarter of the previous year. Total expenditures were well-managed at ₹49.88 crore, demonstrating effective cost control measures while supporting revenue growth initiatives.

Permanent Magnets Limited has announced a board meeting scheduled for February 09, 2026, to deliberate on the company's third-quarter financial performance. The meeting represents a key milestone in the company's quarterly reporting cycle and regulatory compliance obligations.

Board Meeting Details

The Board of Directors meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda focuses on reviewing and approving crucial financial documents for the reporting period.

Trading Window Restrictions

In compliance with insider trading prevention regulations, Permanent Magnets Limited has implemented temporary trading restrictions. The company has closed the trading window for all designated persons as a precautionary measure to maintain market integrity.

Regulatory Compliance Framework

The announcement demonstrates the company's adherence to established regulatory protocols. The notification was formally communicated to the Bombay Stock Exchange Limited, ensuring transparency in corporate governance practices. The company's internal code of conduct for prevention of insider trading remains actively enforced throughout this period.

The financial results under consideration will provide stakeholders with comprehensive insights into the company's operational performance for the quarter and nine months ended December 31, 2025. The inclusion of both standalone and consolidated financial statements ensures complete transparency in financial reporting.

Company Background

Permanent Magnets Limited, established in 1960, operates as a certified manufacturing entity with multiple quality certifications including IATF 16949:2016, ISO 9001, AS 9100, ISO 14001:2015, and ISO 45001:2018. The company maintains its registered office in Silvassa, Dadra and Nagar Haveli, and trades under scrip code 504132 on the Bombay Stock Exchange.