Paramount Communications Ltd

Paramount Communications Limited reported Q1 FY27 results with revenue growth of 17.4% YoY to INR 529.4 crores, though down 7.7% QoQ. EBITDA improved to INR 37.8 crores with a 7.1% margin, up 44 basis points YoY. Operating profit rose 129.2% YoY to INR 34.7 crores, with a 6.6% margin. Export revenue grew 77% QoQ to INR 155 crores, contributing 29% of total revenue, driven by normalization of US trade post-IEEPA tariff resolution. Domestic revenue was INR 374 crores, led by power cables (57.2% of Q1 revenue). Order book stood at INR 615 crores, with power cables at INR 455 crores. Working capital cycle improved to 96 days, and a fresh equity raise of INR 122 crores was completed, with INR 65 crores allocated to Narmadapuram plant. The Narmadapuram project, expected to start operations in Q1 FY28, aims for INR 500 crores revenue in FY28 and INR 1,200 crores by FY29. Management guided toward achieving FY25 EBITDA margin levels by FY27's end, citing improved US and domestic demand. Capacity utilization in existing plants is near 100%, with plans to expand into higher voltage cables and solar cables. The company emphasized its focus on maintaining healthy margins through strategic product mix and operational efficiency.

The document highlights strong revenue and margin improvements, successful export recovery, and positive outlook for future growth through new projects and product diversification.