Permanent Magnets
785.00
-2.80(-0.36%)
Market Cap₹675.09 Cr
PE Ratio54.78
Company Performance:
1D-0.36%
1M-0.11%
6M-28.47%
1Y+4.16%
5Y+412.07%
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More news about Permanent Magnets
17Nov 25
Permanent Magnets Limited Reports Q2 Revenue Decline, Projects Growth for Future
Permanent Magnets Limited (PML) reported a 12% year-on-year revenue decline to INR 49.00 crores in Q2, attributed to lower US exports and weaker domestic demand. Despite challenges, PML projects 15% growth for the current year and 20-30% for the next fiscal year. The company plans to boost growth through a new alloy furnace, a relay facility, and a joint venture for rare earth permanent magnets. PML expects EBITDA margins to stabilize between 16-18% and anticipates ending the year with a top line of INR 220.00-230.00 crores.
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12Nov 25
Permanent Magnets Limited Reports Mixed Q2 Results for FY2026
Permanent Magnets Limited released its Q2 FY2026 results, showing a decline in revenue and profitability. Standalone revenue decreased to Rs 48.74 crore, down 8.30% quarter-on-quarter and 3.70% year-on-year. Net profit fell to Rs 3.73 crore from Rs 7.28 crore in the previous quarter. Half-year consolidated revenue reached Rs 102.68 crore with a net profit of Rs 8.53 crore. The company's total assets increased to Rs 208.58 crore, and total equity rose to Rs 150.85 crore. A joint venture agreement was signed between subsidiary Quantum Magnetics and Lorentic Pte Limited. The Bombay High Court has issued an interim stay on a previous winding-up order against the company.
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05Sept 25
Permanent Magnets Ltd Approves Financial Results, Reclassifies Promoter Shareholdings
Permanent Magnets Ltd's board approved the audited financial results for Q4 and FY 2019-20, deciding against dividend recommendation. The board approved reclassification of three promoter shareholders to non-promoter category, affecting 9.99% of shareholding, subject to approvals. Girish Desai was appointed as a Non-Executive, Non-Independent Director.
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28Aug 25
Permanent Magnets Limited's Subsidiary Enters Strategic Joint Venture with Lorentic Pte Ltd
Permanent Magnets Limited's subsidiary, Quantum Magnetics Private Limited (QMPL), has entered a joint venture with Singapore's Lorentic Pte. Ltd. Each company will hold a 49.02% stake, with 1.96% reserved for ESOP. The venture will focus on manufacturing, marketing, and R&D of neodymium magnets and related assemblies. This strategic move aims to expand QMPL's product portfolio, enhance R&D capabilities, and improve market reach. The partnership is expected to strengthen PML's position in the magnetic materials industry, both domestically and internationally.
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12Aug 25
Permanent Magnets Limited Reports 27% EBITDA Growth in Q1 Despite Flat Revenue
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.
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06Aug 25
Permanent Magnets Reports 28% Profit Surge in Q1 Despite Revenue Dip
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.
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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.
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Permanent Magnets
785.00
-2.80
(-0.36%)
1 Year Returns:+4.16%
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