Permanent Magnets504132Quarterly results
Q2 and H1 FY27 results approved; auditor's review unmodified, flags interim stay on 2015 winding-up order
Board met on 24.10.2026 (11.15 a.m. to 12.30 p.m.) and approved the unaudited standalone and consolidated results for the quarter and half year ended 30.09.2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 72.46 | 49.13 | +47.5% | 63.23 | +14.6% |
| Total income | 73.48 | 50.51 | +45.5% | 64.16 | +14.5% |
| Profit before tax | 12.31 | 3.70 | +233% | 6.00 | +105% |
| Profit after tax | 7.51 | 2.37 | +217% | 3.81 | +97.1% |
| Total comprehensive income | 7.51 | 2.37 | +217% | 3.81 | +97.1% |
| Basic EPS | 8.73 | 2.76 | +216% | 4.43 | +97.1% |
- Profit after tax (year ago, YoY)
- 2.37 (+217%)
- Period
- Quarter Ended on 30.09.2026 Unaudited
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: attention drawn to Note 5 - Bombay High Court has given interim stay order against winding up order; hearing to come up as per listing of the court. Report not modified.
Notes to the results
- Bombay High Court has given interim stay order against the winding up order passed against the Company dated 15/04/2015; Company has deposited ₹ 0.19/- Crores with interest as per court direction.
Board meeting and what was approved
Permanent Magnets Ltd's board met on 24 October 2026 from 11.15 a.m. to 12.30 p.m. and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, prepared under Ind AS. The audit committee reviewed and recommended the results.
Auditor's review conclusion
- The statutory auditor, Jayesh Sanghrajka & Co LLP, carried out a review, which gives less assurance than a full audit.
- The conclusion is unmodified: nothing came to their attention that causes them to believe the statements contain any material misstatement.
- They drew attention to Note 5: the Bombay High Court has given an interim stay against a winding-up order passed against the Company dated 15/04/2015, the matter will come up as per the listing of the court, and the Company has deposited ₹0.19 crore with interest as directed by the court.
- The auditors state that their report is not modified in respect of this matter.
Standalone results (Rs. in crore)
- Revenue from operations: 72.46 for the quarter ended 30.09.2026, against 48.74 for the quarter ended 30.09.2025.
- Total income: 73.49 against 50.29.
- Profit before tax: 14.60 against 5.25.
- Profit for the period: 9.98 against 3.90.
- Basic and diluted EPS: 11.61 each, against 4.54 each.
- Half year ended 30.09.2026: revenue from operations 135.69, total income 137.54, profit for the period 16.23, EPS 18.87.
Consolidated results (Rs. in crore)
- Revenue from operations: 72.46, against 49.13.
- Total income: 73.48 against 50.51.
- Profit before tax: 12.31 against 3.70.
- Profit for the period: 7.51 against 2.37.
- Basic and diluted EPS: 8.73 each, against 2.76 each.
- Half year ended 30.09.2026: revenue from operations 135.69, total income 137.64, profit for the period 11.32, EPS 13.17.
The consolidated numbers include Quantum Magnetics Private Limited, a wholly owned subsidiary. The company operates mainly in one business segment, Engineering and Current Sensing applications, so no separate segment disclosure is given.
Balance sheet and cash flow (consolidated, Rs. in crore)
- Total assets: 302.35 as at 30.09.2026, against 282.15 as at 31.03.2026.
- Non-current borrowings: 67.81 against 66.84; current borrowings: 7.42 against 3.47.
- Net cash flow from operating activities for the half year: (1.97), printed as a negative figure; net cash used in investing activities (16.46); net cash from financing activities (4.82).
- Closing cash and cash equivalents: 4.87, against 28.11 at the start of the half year.
What a retail investor can take away
- The update is the routine quarterly results disclosure, and the headline numbers are the standalone and consolidated revenue and profit lines listed above.
- Along with the numbers, the auditors have flagged a legal matter from 2015 that is still before the Bombay High Court; an interim stay is in place against the winding-up order, and the matter is listed for hearing as per the court's schedule.
- The company's deposit of ₹0.19 crore with interest, as directed by the court, is stated in the notes.
- The results are reviewed but not audited, as is normal for quarterly reporting.
₹9.98 Cr×2.56
Q2 FY26₹3.90 CrQ2 FY27₹9.98 Cr
₹7.51 CrConsolidated Profit for the period, (Rs. in crore
Profit after tax, quarter3.81 (Rs. In crore)
Profit before tax, year-ago quarter3.70 (Rs. In crore)
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More numbers
- Standalone Revenue from operations, Q2 FY26 (Rs. in crore)48.74
- Standalone Profit for the period, Q2 FY27 (Rs. in crore)9.98
- Standalone Profit for the period, Q2 FY26 (Rs. in crore)3.90
- Consolidated Profit for the period, half year ended 30.09.2026 (Rs. in crore)11.32
- Amount deposited with Bombay High Court as directed₹0.19/- Crores
- Total income, latest quarter73.48 (Rs. In crore)
- Total income, year-ago quarter50.51 (Rs. In crore)
- Total income, previous quarter64.16 (Rs. In crore)
- Total comprehensive income, latest quarter7.51 (Rs. In crore)
- Total comprehensive income, year-ago quarter2.37 (Rs. In crore)
- Total comprehensive income, previous quarter3.81 (Rs. In crore)
- Profit after tax, latest quarter7.51 (Rs. In crore)
- Profit after tax, year-ago quarter2.37 (Rs. In crore)
- Profit after tax, previous quarter3.81 (Rs. In crore)
- Revenue from operations, latest quarter72.46 (Rs. In crore)
- Revenue from operations, year-ago quarter49.13 (Rs. In crore)
- Revenue from operations, previous quarter63.23 (Rs. In crore)
- Profit before tax, latest quarter12.31 (Rs. In crore)
- Profit before tax, year-ago quarter3.70 (Rs. In crore)
- Profit before tax, previous quarter6.00 (Rs. In crore)
Source: BSE · 24 Oct 2026
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