24-Oct-2026 14:33:50
PERMAGNExpansion
PERMANENT MAGNETS Q2 : STANDALONE NET PROFIT UP 156% AT ₹9.98 CR (YOY), UP 60% (QOQ). STRONG (ON 1ST LOOK)
• Revenue up 49% at ₹72.46 Cr (YOY), up 14.6% (QOQ). • Ebitda up 159% at ₹17.81 Cr (YOY), up 49.3% (QOQ); margins 24.6% v 14.1% (YOY), 18.9% (QOQ). • Growth driven by good demand in EV segment and pick-up from domestic smart meter customers; EV demand expected at similar level for rest of FY27. • Alloys division revenue up significantly (H1 vs H1) but full capacity not utilised due to teething issues at new furnace; better utilisation expected in H2FY27. • Relays pilot supplies expected in H2FY27 with material ramp-up in FY28; Quantum Magnetics Phase 2 capex commissioned in October 2026.
Permanent Magnets Ltd-$
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