Permanent Magnets Ltd
Permanent Magnets Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
FY '26 revenue growth expected around 20% (± some variance) driven by new initiatives, especially alloy and relay businesses. PML expects around 20% top-line growth in FY26, driven by new initiatives in alloy and relay businesses.
From Permanent Magnets Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '26 revenue growth expected around 20% (± some variance) driven by new initiatives, especially alloy and relay businesses.
- Growth is lumpy, could see sudden jumps depending on business clicks.
- Quantum Magnetics subsidiary faces geopolitical challenges but plans for establishing rare earth magnet manufacturing in India to support EV and renewable sectors.
- Alloy business capacity to increase 6-7 times from calendar year 2026 with new furnace addition; current revenue potential INR 20-30 crores for FY '26.
- Relay business production to start in H2 FY '26, with revenue potential up to INR 70-100 crores on scale-up.
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Profitability & Margins
See what Permanent Magnets Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planning to invest INR 15 to 20 crores for expansion, including adding a new furnace by December to enhance capacity and serve growing demand (Page 14).
- Capex aimed at scaling alloy and relay businesses with peak revenue potential target of INR 70 to 100 crores (Page 14).
- Long-term plan to establish full supply chain and manufacturing for rare earth magnets in India, involving significant future capex with mixed debt-equity funding (Page 9).
- Setting up a relay business as forward integration of shunt business, indicating strategic investment in relay manufacturing (Page 16).
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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
- The company currently has a modest order book with some challenges affecting growth in certain segments, especially EV and smart meters.
- For the alloys business, recent order inflows in April have been positive, reinforcing confidence for FY26.
- The smart meter segment is facing selective booking by customers due to implementation challenges, but there is a large untapped demand (around 90% of the program still to be implemented across India).
- The relay business is expected to start production in the second half of FY26, with customer ramp-up happening gradually.
- Multiple customers (10-15) are in the pipeline for alloys, with varying volumes, but focus remains on profitable segments.
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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 Q4 FY25 results?
FY '26 revenue growth expected around 20% (± some variance) driven by new initiatives, especially alloy and relay businesses. PML expects around 20% top-line growth in FY26, driven by new initiatives in alloy and relay businesses.
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?
Planning to invest INR 15 to 20 crores for expansion, including adding a new furnace by December to enhance capacity and serve growing demand (Page 14).
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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.