{"id":118595,"date":"2024-02-05T15:13:01","date_gmt":"2024-02-05T09:43:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118595"},"modified":"2024-02-05T16:25:56","modified_gmt":"2024-02-05T10:55:56","slug":"cable-stock-hits-5-upper-circuit-after-its-net-profits-increases-by-54-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-its-net-profits-increases-by-54-yoy\/","title":{"rendered":"Cable stock hits 5% upper circuit after its net profits increases by 54% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1547565148\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Small-cap stock engaged in the business of manufacturing Wires and Cables hit a 5 percent upper circuit in the day\u2019s trade following the release of its Q3FY24 results with a 53.87 percent jump in Net Profit.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-817633383\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 3,113 Crores, the shares of Paramount Communications Limited hit a 5 percent upper circuit at Rs. 111.40 from its previous day&#8217;s close price of Rs. 106.10.&nbsp;<\/p><p>Its revenue from operations grew by 30.34 percent YoY from Rs. 218.08 Crores in Q3FY23 to Rs. 284.25 Crores in Q3FY24 and it grew 12.60 percent QoQ from Rs. 252.43 Crores in Q2FY24 to Rs. 284.25 Crores in Q3FY24.&nbsp;<\/p><p>Its Net Profit grew by 53.87 percent YoY from Rs. 14.31 Crores in Q3FY23 to Rs. 22.02 Crores in Q3FY24 and it grew 13.03 percent QoQ from Rs. 19.48 Crores in Q2FY24 to Rs. 22.02 Crores in Q3FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3300701315\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Paramount Communications Limited is engaged in the business of manufacturing Wires and Cables comprising power cables, telecom cables, railway cables, and specialized cables.&nbsp;<\/p><p>Paramount Communications Limited has an expansive portfolio comprising over 25 distinct products and an array of over 2,500 SKUs. It has a wide presence with over 250 retail points and 5000+ active partnerships with electricians across the country.&nbsp;<\/p><p>It has an order book of Rs. 443 Crores and its revenue mix as of Q3FY24 is as follows, Power Cables 44.8 percent, Railway Cables 16.8 percent, Domestic Wires 5.8 percent, Telecom Wires 5 percent, Pipe &amp; Others 4.2 percent, EPC Projects 1.8 percent, and exports 21.6 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3980313064\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Small-cap stock engaged in the business of manufacturing Wires and Cables hit a 5 percent upper circuit in the day\u2019s trade following the release of its Q3FY24 results with a 53.87 percent jump in Net Profit.&nbsp; With a market capitalization of Rs. 3,113 Crores, the shares of Paramount Communications Limited hit a 5 percent upper [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-118595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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