Permanent Magnets Ltd. — Earnings Release 2026

Feb 12, 2026

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Date: February 12, 2026

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 and nine months ended December 31, 2025.

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 and nine months ended December 31, 2025.

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: 2026.02.12 SAWANT 11:26:42 +05'30'

RACHANA SAWANT COMPANY SECRETARY

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PRESS & MEDIA RELEASE

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MUMBAI, FEBRUARY 12, 2026

PERMANENT MAGNETS LIMITED, A SPECIALIST IN ELECTRICAL COMPONENTS AND ASSEMBLIES FOR APPLICATIONS IN AUTOMOBILES & ELECTRICTY METERS, ANNOUNCED ITS FINANCIAL RESULTS FOR Q3 & 9MFY26.

Commenting on the results, Sharad Taparia, Managing Director, said:

“The sales have grown by 16% YOY and sequentially in Q3FY26, led by scaleup in the Alloys division, recovery in exports after a muted Q2, and improved demand from electricity meter customers. The rebound in exports and higher revenue-mix of alloys has resulted in improved EBITDA margins for the quarter. However, Net Profit for Q3 & 9MFY26 was impacted by a one-time provision related to the implementation of the new labour codes.

Q3FY26 Financials Highlights (₹ Cr)

REVENUE

57.02 16% (YoY)

On the project front, our new furnace for the Alloys business was successfully installed in January and is currently operating in the pilot stage through February. Commercial dispatches from the new furnace are expected to commence within the current month. We continue to engage with multiple customers across sectors, and subject to customer approvals, we expect a steady commercial ramp-up through the coming financial year. The Relay facility remains on track for commissioning in Q4FY26, with commercial sales anticipated in the next financial year. Customer engagements are active on this front as well.

In our joint venture, Quantum Magnetics, the initial Phase 1 CAPEX for the rare earth magnet block cutting facility is expected to be commissioned in early Q2FY27, with commercial sales expected to commence in Q3FY27. We are also awaiting the detailed policy framework for the Production Linked Incentive (PLI) scheme for Sintered Rare Earth Permanent Magnets (REPM), as announced by the Cabinet in November 2025, which is expected to provide strategic benefits to the domestic value chain of rare earth magnets.

Looking ahead, our focus for the coming year remains on scaling up commercial operations across our key growth pillars, such as Alloys, Relays, and the Quantum Magnetics joint venture. The commercial ramp-up of these projects will drive our growth in the coming year.”

EBITDA Margin

18% 567 BPS (YoY)

PAT

2.25

10% (YoY)

Note: Unaudited consolidated figures.

Consolidated – Q3 & 9MFY26 Profit & Loss Summary

					y		(₹ Cr)
Particulars	Q3FY26	Q2FY26	Q3FY25	YOY	9MFY26	9MFY25	YOY
				Change			Change
				(%)			(%)
Revenue from Operations	57.02	49.13	49.35	16%	159.70	159.77	0%
Total Income	58.42	50.50	50.41	16%	163.71	163.48	0%
Total Operating Expenses	46.52	43.12	43.06	8%	132.50	134.37	-1%
EBITDA (Excluding OI)	10.50	6.01	6.29	67%	27.20	25.40	7%
EBITDA (Excluding OI) Margin (%)	18%	12%	13%	567 bps	17%	16%	113 bps
Finance Cost	1.45	0.47	1.03	41%	2.54	2.12	20%
Depreciation & Amortisation	3.55	3.21	3.17	12%	9.40	7.90	19%
Profit Before Taxes	6.90	3.70	3.15	119%	19.27	19.09	1%
Profit After Taxes	2.25	2.37	2.04	10%	10.79	14.16	-24%
Earnings Per Share (₹)	2.62	2.76	2.38	11%	12.54	16.47	-24%

Note: Unaudited consolidated figures.

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PRESS & MEDIA RELEASE

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About Permanent Magnets Limited

Incorporated in 1960, Permanent Magnets has a rich experience of over 65+ 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 many 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 electricity meter companies globally, and the Company holds a strong position in this segment with longstanding client relationships.

Contact Us

Rachana Sawant Sayam Pokharna PERMANENT MAGNETS LIMITED TIL ADVISORS PRIVATE LIMITED investors@pmlindia.com sayam@theinvestmentlab.in

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.