Permanent Magnets Ltd Reports Q1FY27 Results: Revenue Rises 19% YoY as Alloys Division Contributes

Permanent Magnets Ltd Reports Q1FY27 Results: Revenue Rises 19% YoY as Alloys Division Contributes​

Permanent Magnets Limited, a specialized provider of electrical components and assemblies for the automobile and electricity meter sectors, announced its unaudited financial results for the first quarter of FY27. The company reported strong revenue growth while maintaining healthy operating margins.

The Q1FY27 financial highlights included a 19% year-on-year rise in revenue and an EBITDA margin that saw movement to 19%. Net Profit stood at ₹6.25 Cr, according to the unaudited standalone figures released by the company.

Key financial metrics from the Standalone Q1FY27 results are detailed below:

Management Commentary and Future Focus​

Sharad Taparia, Managing Director of Permanent Magnets Limited, commented on the results, noting that revenue from operations grew by 19% YoY, marking a positive start to the financial year. He highlighted the Alloys division as a significant contributor in recent quarters, subsequent to commissioning new capacity in Q4FY26.

The company continues its engagement with customers across critical sectors, including Oil & Gas and Aerospace. While operating margins remained healthy due to a favorable product mix, Taparia added that while commercial volumes from the Alloys division have commenced, the focus remains on successfully developing the Relays project for commercial business in the second half of the financial year.

Additionally, he confirmed that Phase 2 CAPEX for Quantum Magnetics, which covers block cutting, machining, and surface treatment, is proceeding according to schedule with commissioning targeted for Q3FY27.

Permanent Magnets Limited has been incorporated since 1960 and possesses extensive experience in the magnets, magnetic assemblies, and shunts domain. The company operates as a leading solution provider of electrical components and assemblies across various industries such as automobile, energy meter, renewable energy, aerospace and defence, food & beverage, among others. PML serves many global leaders in their respective fields, acting either as one of several suppliers or the sole supplier for specific products. It is a preferred supplier to tier-1 automobile companies globally, supporting both traditional ICE vehicles and emerging EV technologies.

Stock Price Movement​

Permanent Magnets Ltd. finished the day in the red, settling at ₹821.00, down 2.52%, following the close of trading on Thursday. Throughout the session, shares traded within a range defined by an intraday low of ₹818.00 and a high of ₹847.00.