Q2 2026 Permanent Magnets Ltd Earnings Call Transcript

Nov 14, 2025 / 09:30 AM GMT

Release Date Price: ₹818.55 (-1.16%)

Transcript

Key Points

Positve

Permanent Magnets Ltd (BOM:504132) has resumed business with a major US customer after a temporary deferral due to tariff policy changes.
The alloy segment experienced higher volumes in Q2 compared to Q1, indicating growth potential.
The company is on track with its project execution, with the new furnace for the alloy facility expected to be installed by December.
The joint venture with Laurentic Limited for quantum magnetics is progressing, with equipment orders placed and some already en route.
Permanent Magnets Ltd (BOM:504132) is focusing on expanding its market participation and capacity, which is expected to support future growth.

Negative

Revenue from operations for Q2 declined by 12% year-on-year, primarily due to lower exports to the US and weaker domestic demand in the energy meter segment.
EBITDA margins were negatively impacted in Q2 due to reduced exports to the US.
The domestic energy meter business recorded lower demand, attributed to customer-specific factors outside the company's control.
Commercial orders for the relay facility are delayed, with approvals taking longer than anticipated.
The company faces challenges in sourcing raw materials locally for its joint venture, with potential reliance on imports if local capacity falls short.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRMG.BO - Permanent Magnets Ltd
Q2 2026 Permanent Magnets Ltd Earnings Call
Nov 14, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Permanent finance Limited Q2F52526 earnings conference call hosted by TIL Advisors. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on a touchstone phone.

I now hand the conference over to Mr. Sayam Pukna from TI Advisors.

Thank you and over to you, sir.

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Unidentified_2 [2]
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