Permanent Magnets Ltd Q2 FY27 Standalone Net Profit Up 156% to ₹9.98 Cr
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 24 Oct 2026, 02:32 PM IST · BSE ID: 7a107d41-03f2-4ddf-8006-fc46f3a6c7e1
View Original BSE Filing (PDF)
💡
In Simple Terms
Permanent Magnets' profit increased significantly in the last quarter, driven by higher sales in electric vehicle and smart meter parts.
🤖 AI Summary
- Permanent Magnets' Q2 FY27 standalone Net Profit After Taxes increased 156% YoY to ₹9.98 Cr.
- Revenue from Operations for Q2 FY27 stood at ₹72.46 Cr, a 49% increase YoY.
- EBITDA (Excluding OI) for the quarter was ₹17.81 Cr, up 159% YoY, with EBITDA Margin at 25%.
- Growth was driven by demand in the EV segment and domestic smart meter customers.
- Phase 2 CAPEX for Quantum Magnetics, covering block cutting and machining, was commissioned in October 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
₹72.46 Cr
49%
EBITDA (Excluding OI) (Q2 FY27)
₹17.81 Cr
159%
EBITDA (Excluding OI) Margin (%) (Q2 FY27)
24.6%
1,048 BPS
Profit After Taxes (Q2 FY27)
₹9.98 Cr
156%
Earnings Per Share (₹) (Q2 FY27)
11.61
156%
🏢 How This Affects the Company
The company's revenue growth is supported by increased demand in the EV segment and domestic smart meter customers, indicating strong market positions in these areas. Pilot supplies in the Relays business and customer approvals for Quantum Magnetics are upcoming focus areas.
Net Profit After Taxes rose 156% YoY to ₹9.98 Cr, and EBITDA increased by 159% YoY to ₹17.81 Cr, improving profitability. EBITDA margin expanded to 25%, reflecting better product mix from higher EV demand and positive operating leverage.
The Alloys division faced teething issues with a new furnace, preventing full capacity utilization, but better utilization is anticipated in H2FY27. Phase 2 CAPEX for Quantum Magnetics was commissioned, expanding capabilities in block cutting, machining, and surface treatment.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results press release.
👤
Who Is Affected
All shareholders are indirectly affected by the company's financial performance, specifically the increase in Earnings Per Share (₹) to 11.61 from 4.54 YoY.
🔍
Management Signal
Management is focused on improving utilization in the Alloys division, initiating pilot supplies for Relays, and advancing customer approvals for Quantum Magnetics.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
H2 FY27 Alloys division utilization — check for improved capacity utilization.
Relays business pilot supplies — confirm initiation in H2 FY27.
Quantum Magnetics product approval process — monitor for commencement.
LOW RISK
Financial performance shows strong growth, with operational challenges like furnace issues being addressed.
💡 Investor Takeaway
Permanent Magnets reported Q2 FY27 standalone Net Profit After Taxes of ₹9.98 Cr, a 156% YoY increase from ₹3.90 Cr in Q2 FY26. Revenue from Operations grew 49% YoY to ₹72.46 Cr, with EBITDA (Excluding OI) reaching ₹17.81 Cr, up 159% YoY.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit After Taxes for Q2 FY27 increased 156% YoY to ₹9.98 Cr, demonstrating significant profit growth.
- EBITDA Margin improved by 1,048 BPS YoY to 24.6%, indicating enhanced operational efficiency and product mix.
⚠️ Concerns
- The Alloys division could not utilize its new furnace at full capacity in H1FY27 due to teething issues.
- Finance Cost increased by 88% YoY to ₹0.81 Cr in Q2 FY27, impacting overall profitability.
📅 Company Track Record
Permanent Magnets' Q2 FY27 standalone net profit of ₹9.98 Cr follows Q1 FY27 standalone net profit of ₹6.25 Cr, which was down 14.15% YoY. FY26 standalone profit was Rs. 20.39 crore, up 34.41%, with a recommended dividend of Rs. 2.20/share.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Permanent Magnets Ltd's standalone net profit in Q2 FY27?
Permanent Magnets Ltd reported a standalone Net Profit After Taxes of ₹9.98 Cr in Q2 FY27, an increase of 156% compared to ₹3.90 Cr in Q2 FY26.
What was Permanent Magnets Ltd's revenue from operations in Q2 FY27?
The Revenue from Operations for Permanent Magnets Ltd in Q2 FY27 was ₹72.46 Cr, which is a 49% increase YoY from Q2 FY26.
What was Permanent Magnets Ltd's EBITDA in Q2 FY27?
Permanent Magnets Ltd's EBITDA (Excluding OI) for Q2 FY27 stood at ₹17.81 Cr, representing a 159% increase YoY from ₹6.87 Cr in Q2 FY26.
What was the EBITDA margin for Permanent Magnets Ltd in Q2 FY27?
The EBITDA (Excluding OI) Margin for Permanent Magnets Ltd in Q2 FY27 was 24.6%, an improvement of 1,048 BPS YoY from 14.1% in Q2 FY26.
When was Phase 2 CAPEX for Quantum Magnetics commissioned?
Phase 2 CAPEX for Quantum Magnetics, covering block cutting, machining, and surface treatment, was commissioned in October 2026.
Questions based on this BSE filing only. For information purposes.