The shares of this wires and cables manufacturer nosedived by approximately 13 percent on Thursday after the company announced disappointing financial results. In this article, we will dive deep into its financials.
With a market capitalization of Rs 1,713 crores, the shares of Paramount Communications Ltd are currently trading at Rs 56.2 per share, down by 44.2 percent from its 52-week high of Rs 100.63 per share. Over the last five years, the stock has delivered an impressive return of 822 percent.
Financial Highlights
Paramount Communications reported a consolidated revenue of Rs 1,576 crores in FY25, up 47.52 percent from Rs 1,068 crores in FY24. On a year-on-year basis, revenue grew 57 percent to Rs 507 crores in Q4 FY25 from Rs 323 crores in Q4 FY24. On a quarterly basis, revenue increased by 29.34 percent from Rs 392 crores in Q3 FY25.
The company reported a net profit of Rs 87 crores in FY25, up 1.16 percent from Rs 86 crores in FY24. However, on a year-on-year basis, net profit declined 34.48 percent to Rs 19 crores in Q4 FY25 from Rs 29 crores in Q4 FY24. On a quarterly basis, net profit declined 17.39 percent from Rs 23 crores in Q3 FY25.
Paramount Communications Limited is an Indian company that manufactures and sells wires and cables domestically and internationally. Their products include power, railway, telecom, and special-purpose cables such as solar, fire survival, and EV charging cables. They also provide domestic wires and turnkey services in the power, railways, and telecom sectors. Paramount Communications has many end-use industries, including energy, defense, construction, and oil & gas.
Written by Satyajeet Mukherjee
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