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Permanent Magnets Limited’s revenue rose 19% to Rs 63.23 crore, driven by Alloys division growth
06-Aug-2026, 03:58
Permanent Magnets Limited, a specialist in electrical components and assemblies, announced its financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs 63.23 crore, a 19% year-over-year increase. The company's Alloys division contributed to the growth following the commissioning of new capacity in the fourth quarter of fiscal year 2026, while operating margins remained healthy due to a favorable product mix. The company is also focused on the Relays project, targeting commercial business in the second half of the financial year, and expects Phase 2 CAPEX for Quantum Magnetics to be commissioned in the third quarter of fiscal year 2027.
Permanent Magnets Limited, a specialist in electrical components and assemblies, announced its financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs 63.23 crore, a 19% year-over-year increase. The company's Alloys division contributed to the growth following the commissioning of new capacity in the fourth quarter of fiscal year 2026, while operating margins remained healthy due to a favorable product mix. The company is also focused on the Relays project, targeting commercial business in the second half of the financial year, and expects Phase 2 CAPEX for Quantum Magnetics to be commissioned in the third quarter of fiscal year 2027.