Permanent Magnets Limited (504132) Earnings Call Transcripts

Permanent Magnets Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '25/'26, Permanent Magnets Limited reported a stand-alone revenue of INR 66 crores, marking a 47% year-on-year increase, while full-year revenue reached INR 225 crores, up 13% YoY. The company improved its EBITDA margins to 17% for the year, compared to 14% in the previous year. Management highlighted a recovery in exports and a strong performance in the alloys division as key drivers for growth, while signaling a cautious outlook on the relays project, which is now expected to ramp up in H2 FY '27.

Reported metrics

Guidance from management

Management expects to scale up commercial operations in FY '27, particularly in the alloys and relays divisions. They anticipate revenue growth driven by these segments, with EBITDA margins expected to remain between 15% to 18%.

What management said

Yes, we are yet evaluating the scheme, and that decision, whether -- or what to do, we will take in the -- in these coming few weeks. There are multiple schemes. So which scheme to apply for that is also one of the things that we are considering.

There was no revenue in FY '26 because of the restrictions from China for export of magnets. So we could not do any business in FY '26. So those revenues are expected to start in FY '27.

What analysts pressed on

Analysts expressed concerns regarding the delays in the relays project and the lack of revenue from rare earth magnets due to export restrictions. There were also questions about the increased debt levels and how it would impact future operations.

Main topics on the call

• Revenue Growth — The company reported Q4 revenue of INR 66 crores, a 47% increase YoY, and full-year revenue of INR 225 crores, reflecting a 13% increase. Management noted, 'the second half of financial year '26 created better in terms o...
• EBITDA Margin Improvement — EBITDA margins improved to 17% for FY '26, up from 14% the previous year, driven by a favorable product mix. For Q4, EBITDA margins were reported at 15%, showing year-on-year improvement.
• Alloys Division Performance — The alloys division contributed significantly to revenue growth, with management stating, 'we are looking at oil and gas, more ramp-up, and that is already in commercial production.' Utilization rates reached 18-19% by Q...
• Delays in Relays Project — Management acknowledged delays in the relays project, now expected to ramp up in H2 FY '27. They noted, 'the commercial ramp-up now expected from second half of financial year '27.'

Read the full Permanent Magnets Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 Permanent Magnets Limited earnings call transcripts on record, spanning May 28, 2025 to May 18, 2026. Based on this history, Permanent Magnets Limited reports semi-annually. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

504132

Exchange

BSE

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

3

First call

May 28, 2025

Most recent

May 18, 2026

Reporting cadence

semi-annually