Any current/future new fundraising through debt or equity?

There is no explicit mention in the transcript of any current or planned fundraising through debt or equity. The management discusses ongoing strategic initiatives, product development, capacity building, and customer audits but does not reference raising funds. The focus is on building organic growth from new projects, increasing market share, and operational expansion such as Phase-2 and Phase-3 of Quantum Magnetics. No comments were made about equity or debt infusion during the period covered in the transcript.

Any current/future capex/capital investment/strategic investment?

A tentative capex of Rs. 10 to 15 crore is expected for scaling up the alloys business to around Rs. 100 crore in revenue. (Page 15) Phase-2 expansion in Quantum Magnetics involves backward integration of Phase-1 and is expected to improve margins. (Page 14) Phase-3 of Quantum Magnetics, intended for full backward integration, has not been finalized yet; initial plans estimated around Rs. 200 crore but decision pending post Phase-2 execution. (Pages 14-15) Additional capacity setup will be decided based on market demand, especially for smart meter products, once product quality is established

Future growth expectations in sales/revenue/volumes?

Expecting better top-line growth in FY '25-'26 compared to the current year, with significant expansion anticipated in FY '26-'27, primarily driven by module sales. Potential for sharp growth in subsidiary Quantum Magnetics, depending on customer audit completion and order flow, with possible revenues of Rs. 10-20 crores in FY '26. Alloys business showing good visibility for faster growth and expected to cross Rs. 100 crores in 3-4 years. New product development in smart meters aimed to increase customer base and sales from next year onwards. Growth is expected to be lumpy, influenced

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects a better top-line growth in the next financial year compared to the current year, driven by new projects beginning commercial sales. Margins are anticipated to improve modestly but may not reach EV-related export margins, likely better than current domestic sales margins. Quantum Magnetics subsidiary is currently nascent; profitability is not stable yet but sustainable margins are expected around 15-20% once scale is achieved. Alloys business is expected to pick up quickly in upcoming years and contribute significantly. Longer-term, the company aims for revenues to

Current/ Expected Orderbook/ Pending Orders?

The smart meter market in India has an approximate requirement of 25 crore units, translating to a Rs. 7,500 crore total addressable market (TAM) at Rs. 300 per meter. The company is developing a quality product aimed at capturing a significant share but has not committed to a specific market share percentage yet. Current smart meter orders depend heavily on customer's own order flow and execution capabilities; the company has capacity ready but is limited by customer demand. For the alloys segment, some orders from PSUs have been executed and others are under execution; higher value-add proje

Permanent Magnets LtdQ2 FY25Electrical Equipment

Permanent Magnets Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,063.85P/E: 69.3Market Cap: ₹915 CrSector: Electrical Equipment

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

Expecting better top-line growth in FY '25-'26 compared to the current year, with significant expansion anticipated in FY '26-'27, primarily driven by module sales.
Potential for sharp growth in subsidiary Quantum Magnetics, depending on customer audit completion and order flow, with possible revenues of Rs. 10-20 crores in FY '26.
Alloys business showing good visibility for faster growth and expected to cross Rs. 100 crores in 3-4 years.
New product development in smart meters aimed to increase customer base and sales from next year onwards.
Growth is expected to be lumpy, influenced by customer orders and market conditions.
Broadening the product portfolio and increasing project funnel to reduce dependency on any single segment.
Long-term goal to achieve Rs. 500 crores top line and beyond, with significant upside potential from new projects and customer wins.
Expect margin improvement post backward integration (Phase-2) in Quantum Magnetics.

Margin guidance

Category 3

The company expects a better top-line growth in the next financial year compared to the current year, driven by new projects beginning commercial sales.
Margins are anticipated to improve modestly but may not reach EV-related export margins, likely better than current domestic sales margins.
Quantum Magnetics subsidiary is currently nascent; profitability is not stable yet but sustainable margins are expected around 15-20% once scale is achieved.
Alloys business is expected to pick up quickly in upcoming years and contribute significantly.
Longer-term, the company aims for revenues to reach 500 crores, leveraging large market potential across segments.
Growth is likely to be lumpy, with sudden jumps following breakthrough orders or customer readiness.
The company emphasizes diversifying product base to reduce dependency on any single segment, aiming for steadier and faster growth.
EV business growth is seen as cyclical but expected to rebound in medium to long term, which will contribute positively.

See what Permanent Magnets Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no explicit mention in the transcript of any current or planned fundraising through debt or equity.
The management discusses ongoing strategic initiatives, product development, capacity building, and customer audits but does not reference raising funds.
The focus is on building organic growth from new projects, increasing market share, and operational expansion such as Phase-2 and Phase-3 of Quantum Magnetics.
No comments were made about equity or debt infusion during the period covered in the transcript.

Order book

Yes

The smart meter market in India has an approximate requirement of 25 crore units, translating to a Rs. 7,500 crore total addressable market (TAM) at Rs. 300 per meter.
The company is developing a quality product aimed at capturing a significant share but has not committed to a specific market share percentage yet.
Current smart meter orders depend heavily on customer's own order flow and execution capabilities; the company has capacity ready but is limited by customer demand.
For the alloys segment, some orders from PSUs have been executed and others are under execution; higher value-add projects are underway but taking longer due to complex processes and customer trials.
Quantum Magnetics subsidiary has ongoing audit processes with expected order flow ramp-up post-audit completion; early revenue expected marginally for FY '25, with 10-20 crore projected revenue in FY '26.
EV segment demand is reduced, with forecasts adjusted downward; several module programs for heavy vehicles are progressing but commercial sales are expected in future years (FY '25-'28).
Overall, the order book is influenced by customer execution delays, market cyclicity, and ongoing product developments with expected growth improvements next year.

See what Permanent Magnets Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

A tentative capex of Rs. 10 to 15 crore is expected for scaling up the alloys business to around Rs. 100 crore in revenue. (Page 15)
Phase-2 expansion in Quantum Magnetics involves backward integration of Phase-1 and is expected to improve margins. (Page 14)
Phase-3 of Quantum Magnetics, intended for full backward integration, has not been finalized yet; initial plans estimated around Rs. 200 crore but decision pending post Phase-2 execution. (Pages 14-15)
Additional capacity setup will be decided based on market demand, especially for smart meter products, once product quality is established and customer interest solidified. (Page 17)
Investments are ongoing in product development and new strategic initiatives across domestic smart meters, alloys, and subsidiary progress, with expectations of breakthroughs in the coming financial year. (Page 4)

Track Permanent Magnets Ltd — get its next earnings analysis in your feed

How does Permanent Magnets Ltd rank vs peers in Electrical Equipment?

Pro feature

ThisPermanent Magnets Ltd

Rev 3Mar 3

See where Permanent Magnets Ltd sits in Electrical EquipmentSee which companies these are, and every other name in the sector.Open rankings

How does Permanent Magnets Ltd rank in Electrical Equipment?

Compare Permanent Magnets Ltd against every Electrical Equipment company (Q2 FY25) on revenue, margins and earnings-call signals.

View Electrical Equipment leaderboard →

What Permanent Magnets Ltd's management said in earlier quarters

Others in Electrical Equipment this season

Ram Ratna Wires (Q2 FY27)
Quarter Revenue (Consolidated):** ₹1,96,195.19 lakhs for Q2 FY2027 (30-09-2026) . Key results statement takeaways from Ram Ratna Wires Ltd's Q2 FY27 results sta
Suzlon Energy Ltd (Q2 FY27)
Q2 FY27 consolidated net deliveries: 710 MW, up from 565 MW in Q2 FY26 (25.7% YoY increase). Key results statement takeaways from Suzlon Energy Ltd's Q2 FY27 ea
Yash Highvoltage Ltd (Q2 FY27)
Bushings volume saw a 40% growth in H1 FY27 compared to H1 FY26, indicating strong volume momentum. Key concall takeaways from Yash Highvoltage Ltd's Q2 FY27…
Volt.Transform. (Q2 FY27)
Revenue from operations for the quarter ended 30th September 2026: ₹68,419.19 lakh . Key results statement takeaways from Voltamp Transformers Ltd's Q2 FY27 ear

Compare:vs Bharat Heavy Electricals Ltd vs A B B vs CG Power & Industrial Solutions Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Permanent Magnets Ltd Q2 FY25 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Permanent Magnets Ltd rank in Electrical Equipment?

Continue your research

What Permanent Magnets Ltd's management said in earlier quarters

Others in Electrical Equipment this season