Permanent Magnets FY26 Audited Results: Standalone Profit Rs. 20.39 crore, Dividend Rs. 2.20/share
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 13 May 2026, 05:14 PM IST · BSE ID: a78535d1-591f-419e-8df8-c1e43fc7f30c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's yearly profits rose by 34.41% to Rs. 20.39 crore, and it recommended a dividend of Rs. 2.20 per share.
🤖 AI Summary
- Board approved Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026.
- Standalone Profit After Tax for FY26 was Rs. 20.39 crore, an increase of 34.41% YoY.
- Board recommended a final dividend of Rs. 2.20 per Equity Share (22%) for FY26, subject to AGM approval.
- Shareholders' approval sought to increase borrowing limits from INR 100 crores to INR 300 crores.
- Alteration in Memorandum of Association's object clause also requires shareholder approval at the AGM.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Profit for the period (After Tax) FY26
Rs. 20.39 crore
34.41%
Standalone Profit for the period (After Tax) FY25
Rs. 15.17 crore
Consolidated Profit for the period (After Tax) FY26
Rs. 14.77 crore
-6.22%
Consolidated Profit for the period (After Tax) FY25
Rs. 15.75 crore
Dividend per Equity Share FY26
Rs. 2.20/-
Proposed Borrowing Limit Increase
INR 100 crores to INR 300 crores
🏢 How This Affects the Company
The proposed alteration in the Memorandum of Association's object clause expands the company's stated scope to include a wider range of magnet, metal, alloy products, and motor parts.
The increase in borrowing limits to INR 300 crores from INR 100 crores, if approved, provides the company with greater financial flexibility for future growth or operational needs.
Appointment of M/s. Krishna S & Associates as Cost Auditor for FY27 ensures compliance with cost audit regulations and oversight of cost structures.
The increase in borrowing limits, while providing flexibility, also increases the company's leverage potential if fully utilized, impacting financial risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must approve the recommended dividend, alteration of the Memorandum of Association, and increase in borrowing limits at the ensuing Annual General Meeting.
👤
Who Is Affected
Shareholders holding Permanent Magnets equity shares will receive the Rs. 2.20 per share dividend, subject to approval, affecting their cash flow. All shareholders will be impacted by changes to the MOA and borrowing limits.
🔍
Management Signal
The Board's recommendations for increased borrowing limits and MOA alteration signal management's intent to pursue business expansion and enhance financial capacity.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Annual General Meeting (AGM) date — to confirm dividend and proposed resolutions.
Record date for dividend — for eligibility of the recommended dividend.
Filing on shareholder approvals — to confirm MOA alteration and borrowing limit increase.
MEDIUM RISK
Proposed increase in borrowing limits and decline in consolidated profit introduce financial and operational monitoring points.
💡 Investor Takeaway
Permanent Magnets reported Audited Standalone Profit After Tax of Rs. 20.39 crore for FY26, a 34.41% increase from FY25. The Board recommended a final dividend of Rs. 2.20 per Equity Share. Shareholders will vote on increasing borrowing limits to INR 300 crores and altering the MOA.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Profit for the Period (After Tax) for FY26 increased to Rs. 20.39 crore from Rs. 15.17 crore in FY25, a 34.41% growth.
- Board recommended a final dividend of Rs. 2.20 per Equity Share for FY26, demonstrating capital distribution to shareholders.
⚠️ Concerns
- Consolidated Profit for the Period (After Tax) for FY26 decreased to Rs. 14.77 crore from Rs. 15.75 crore in FY25, a -6.22% decline.
- Exceptional Items of Rs. 1.74 Crore (standalone) and Rs. 1.75 Crore (consolidated) for the year ended March 31, 2026 impacted profitability.
📅 Company Track Record
Permanent Magnets Ltd. reported audited standalone profit up 34.41% to Rs. 20.39 crore for FY26 and recommended a dividend of Rs. 2.20 per share, following a May 18 investor call for Q4 & FY26 results.
Based on publicly available historical data. For context only.