Permanent Magnets Limited announced Q1 financial results with revenue slightly down by 1% to ₹53.55 crores. However, profitability improved significantly with EBITDA up 27% to ₹10.69 crores and EBITDA margin expanding to 20% from 16%. Profit after tax increased by 22% to ₹6.17 crores. The company attributes the improved profitability to favorable changes in product mix across EV and Smart Meter segments. Ongoing projects include a relay manufacturing facility and expansion of the alloys business. Management remains optimistic about future growth prospects.
Permanent Magnets Limited announced Q1 financial results with mixed performance. Net profit increased by 28% to ₹73.00 million, despite a 2.02% revenue decline to ₹532.00 million. EBITDA rose by 28.74% to ₹112.00 million, with EBITDA margin improving to 21.05%. Managing Director Sharad Taparia attributed the results to operational excellence and cost management strategies. The company's core focus remains on engineering and current sensing applications.
23May 25
Permanent Magnets Reports Decline in Q4 Financial Performance, Recommends Dividend of 2 Rupees per Share
Permanent Magnets Ltd. released Q4 results showing declines across key metrics. Revenue fell 15.49% to ₹453.00 crore, EBITDA decreased 23.40% to ₹54.00 crore, and net profit dropped 35.96% to ₹26.00 crore compared to the same period last year. Despite the downturn, the company recommended a dividend of 2 rupees per equity share.