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Permanent Magnets Ltd

Q4 FY26Electrical Equipment

Permanent Magnets Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹864
Market cap₹724 Cr
P/E54.9
Updated23 Aug 2026
Read4 min read

What the Q4 FY26 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes. FY27 growth expected between 20% to 30%, possibly higher based on order wins in Alloys and Relays businesses.

From Permanent Magnets Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Good growth
  • Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes.
  • Relays project commercial ramp-up delayed, now expected from second half (H2) of FY27 with estimated revenues of INR 25-50 crores at 100% utilization for initial 5 million capacity. Capacity to increase based on customer orders.
  • Quantum Magnetics Phase 2 capex and commercial sales planned for Q3/Q4 FY27; long-term goal of 5,000-tonne capacity with potential revenues between INR 3,000-4,000 crores.
  • Overall revenue growth guidance for FY27 expected in the range of 20% to 30%, driven by orders in Alloys and Relays segments.

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Capex for FY27 includes INR 40-50 crores for Permanent Magnets Limited (PML) standalone business and another INR 40-50 crores planned for Quantum Magnetics subsidiary.
  • Around $5 million (approx. INR 40 crores) is planned as Quantum Magnetics' contribution over 18 months.
  • Capex funding will be a mix of debt and equity; internal accruals also expected to be used.
  • New factory consolidation: INR 20 crores spent to combine 6 plants near Vasai on Ahmedabad highway; land already acquired.
  • Relays plant phase-wise investment: initial setup with 5 million capacity (INR 25-50 crores revenue expected at 100% utilization in H2 FY27), expansion to 10 million capacity depending on orders.

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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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 Relays plant is being set up phase-wise with an initial capacity of 5 million units, potentially increasing to 10 million based on orders received.
  • Ramp-up of Relay production depends on successful pilot testing and customer approvals.
  • Expected revenue from the Relays project is INR 25 crores to INR 50 crores at 100% utilization starting second half (H2) of FY27.
  • Sales judgment for Relays after September is based on current customer indications but may change depending on customer adoption speed.
  • For Quantum Magnetics, Phase 2 capex is expected by Q3/Q4 FY27, with production scaling planned in a phased manner.

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Permanent Magnets Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

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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Frequently Asked Questions

What were Permanent Magnets Ltd Q4 FY26 results?

Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes. FY27 growth expected between 20% to 30%, possibly higher based on order wins in Alloys and Relays businesses.

What is Permanent Magnets Ltd share price analysis?

Permanent Magnets Ltd currently shows a moderate growth signal based on ranking data. 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?

Capex for FY27 includes INR 40-50 crores for Permanent Magnets Limited (PML) standalone business and another INR 40-50 crores planned for Quantum Magnetics subsidiary.

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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.