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Permanent Magnets Ltd. — Earnings Release 2025
Aug 10, 2024
61290_rns_2024-08-10_e9631e6f-5453-453b-9eca-757523973bd0.pdf
Earnings Release
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PERMANENT MAGNETS LIMITED
B-3, MIDC, Village Mira, Mira Road East, Thane - 401107, Maharashtra, India
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Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : [email protected] Website : www.pmlindia.com
Date: August 10, 2024
To, Corporate Relation Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
Scrip Code : 504132
Sub: Press Release on Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter ended June 30, 2023.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release on Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter ended June 30, 2024.
We request you to kindly take the same on record.
Thanking you,
Yours Faithfully,
FOR PERMANENT MAGNETS LIMITED
RACHANA Digitally signed by RACHANA PARESH PARESH SAWANT Date: 2024.08.10 SAWANT 13:24:48 +05'30' RACHANA SAWANT
COMPANY SECRETARY
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Regd Office: Harsh Avenue, 302, 3[ rd ] Floor, opp. Silvassa Police Sta�on, Silvassa Vapi Main Road, Silvassa- 396 230. Dadra and Nagar Haveli (U.T.)
(All correspondence has to be made at our Mira Road address only)
CIN-L27100DN1960PLC000371
1
PRESS & MEDIA RELEASE
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MUMBAI, AUGUST 10, 2024
PERMANENT MAGNETS LIMITED, A SPECIALIST IN ELECTRICAL COMPONENTS AND ASSEMBLIES FOR APPLICATIONS IN AUTOMOBILES & ELECTRICTY METERS, ANNOUNCED ITS FINANCIAL RESULTS FOR Q1FY25.
Commenting on the results, Sharad Taparia, Managing Director, said:
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"I am pleased to present an update on our Company's performance for the first quarter of FY25. The performance for the quarter has been in line with the previous one, while on a YOY basis we have reported a 24% increase in the top line. Margins have improved as compared to the previous quarter, however, remain lower as compared to the higher base of Q1FY24.
Our performance and outlook for the automobiles business remains unchanged for now. Smart metering business continues to be the key driver of performance. Order enquiries & intake has started for the alloys business, and we remain optimistic about its performance in FY25”
Q1FY25 Financials Highlights (₹ Cr)
REVENUE 54.32 24% YoY
Q1FY25 Profit & Loss Summary
(₹ Cr)
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YOY Change (%) |
|---|---|---|---|---|
| Revenue from Operations Total Income |
54.32 55.68 |
53.60 55.42 |
43.64 44.59 |
24% 25% |
| Total OperatingExpenses | 45.89 | 47.03 | 33.88 | 35% |
| EBITDA(ExcludingOI) | 8.43 | 6.57 | 9.76 | -14% |
| EBITDA(Excluding OI) Margin(%) | 16% | 12% | 22% | -685 BPS |
| Finance Cost | 0.54 | 1.12 | 0.18 | 200% |
| Depreciation & Amortisation Profit Before Taxes Profit After Taxes |
2.23 7.02 5.04 |
3.08 4.19 2.52 |
1.23 9.30 6.78 |
81% -25% -26% |
| Earnings Per Share(₹) | 5.86 | 2.92 | 7.89 | -26% |
Note: Unaudited consolidated financial numbers.
About Permanent Magnets Limited
EBITDA Margin
16% 685 bps YoY
PAT 5.04 26% YoY
Incorporated in 1960, Permanent Magnets has a rich experience of over 60 years in the magnets, magnetic assemblies and shunts domain. The Company is a leading solution provider of electrical components and assemblies based on certain core technologies which find application in the automobile, energy meter, renewable energy, aerospace & defence, food & beverage and many other such industries. The Company has strong expertise in 5 core product categories, wherein it designs and delivers innumerable customer-specific solutions, and these product categories include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK die-casting.
PML works closely with its distinguished clientele from across industries, many of whom are global leaders in their respective industries. While in some cases PML is one of the two-three suppliers for specific products, it is also the only supplier for many of its clients. PML is a preferred supplier of electrical components and assemblies to about 50% of the tier-1 automobile companies globally, in both traditional ICE vehicles and emerging technologies like EV. It is also a supplier to the top 3 electricity meter companies globally, and the Company holds a strong position in this segment with longstanding client relationships.
Contact Us
Note: Unaudited figures.
Rachana Rane
PERMANENT MAGNETS LIMITED [email protected]
Sayam Pokharna
TIL ADVISORS PRIVATE LIMITED [email protected]
Safe Harbour
This document which has been prepared by Permanent Magnets Limited (“PML”, “the Company”) has been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.