Permanent Magnets Ltd
Permanent Magnets Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY 2025-26 expected growth: ~10-15% revenue growth. Revenue Growth: - Expecting 10% to 15% growth for the current fiscal year (FY26).
From Permanent Magnets Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY 2025-26 expected growth: ~10-15% revenue growth.
- FY 2026-27 outlook: 20-30% growth expected, mostly from alloy business expansion and some EV orders.
- Quantum Magnetics target: INR 3,700 crores revenue by FY 2030 (5,000 tons production capacity).
- Pilot plant (500 tons) expected revenue: INR 300-350 crores.
- Alloy business FY 27 revenue potential: INR 40-70 crores, with capacity fully booked or partially booked.
- Relay business: Commercial larger volume sales anticipated from mid-FY 27; currently in testing phase.
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Profitability & Margins
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Capital Expenditure Plans
- Quantum Magnetics Phase-wise Capex Plan:
- Total planned revenue by FY 2030: INR 3,700 crores.
- Total investment required: INR 550 crores to INR 750 crores for 5,000 tons production.
- Phase 1 (Pilot plant of 500 tons) capex: INR 50 crores to INR 100 crores.
- Phase 2: Block cutting facility expected by March (year not specified, likely 2026).
- Phase 3: Full-scale manufacturing of blocks in India targeted around 2027.
- Funding Strategy:
- Plans to fund through a mix of debt and equity in the subsidiary.
- Additional Investment:
- Setting up new furnace for alloy production in January-February-March (next fiscal year).
- Government Incentives:
- Anticipating participation in INR 7,300 crore government scheme expected by December/January.
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Alloy Business: Partially booked for new 750-ton capacity; visibility from customers with orders generally given 1-2 months in advance. Current demand strong; running at full capacity already. Expected revenue in FY '27: INR40-70 crores, can increase with more customers.
- Relay Business: Samples submitted to 3-4 companies; in testing and certification phase. Customers doing field tests; commercial volumes expected from mid FY '27 onwards.
- Quantum Magnetics (Subsidiary): Orders in hand for Phase 1 expansion but unable to supply due to import restrictions (now relaxed). Expected production start around March 2026.
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Permanent Magnets Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹67 Cr, net profit ₹4 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Permanent Magnets Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Permanent Magnets Ltd Q2 FY26 results?
FY 2025-26 expected growth: ~10-15% revenue growth. Revenue Growth: - Expecting 10% to 15% growth for the current fiscal year (FY26).
What is Permanent Magnets Ltd share price analysis?
Permanent Magnets Ltd currently shows a neutral. The stock trades at a P/E of 54.9 with a market cap of ₹724 Cr. Investors should review the full earnings analysis for detailed insights.
Is Permanent Magnets Ltd planning capital expenditure?
Quantum Magnetics Phase-wise Capex Plan: - Total planned revenue by FY 2030: INR 3,700 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.