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Paramount Communications Ltd. — Earnings Release 2025
May 22, 2025
59350_rns_2025-05-22_d9137d00-1d01-4029-97cb-8f9ab632ad58.pdf
Earnings Release
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EARNING RELEASE
Q4 & FY25 n d (22 MAY 2025) B S E : 53 0 5 55 | N S E : PA R ACA B L E S
PARAMOUNT CABLES AT A GLANCE
Paramount Communications Limited is a trusted name in India's cable and wire industry, delivering innovative, high-performance solutions across critical sectors for nearly seven decades.
Legacy & Reach:
Founded by Late Shri Shyam Sunder Aggarwal, Paramount serves critical sectors including Power, Telecom, Railways, Renewables, Defence, Space, IT, Electronics, Construction, and Oil & Gas.
Global & Domestic Presence:
Strong Pan-India presence with expanding exports, especially to the U.S.
Manufacturing Strength:
Two advanced units in Rajasthan & Haryana.
Innovation-Led Growth:
Focused R&D delivering solutions like lead-free house wires and undersea cable technology.
Turnkey Capabilities:
Focused R&D delivering solutions like lead-free house wires and undersea cable technology.
ISO 9001, ISO 14001, BIS, NTPC, PGCIL, RDSO; UL (USA), LPCB; Complies with BS, ASTM, IEC, JIS, NFC, GOST, DIN.
DIVERSE PRODUCT PORTFOLIO:
Power:
LT/HT, Control, Instrumentation, cable UL Certified
Telecom:
Optical Fibre, FTTH, Jelly-Filled
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Railways:
Signalling, Power, Axle Counter
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Special Cables:
PV Solar, Fire Survival, HT Conductors, EV Charging
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Domestic:
Building Wires, Submersible, LAN, Coaxial
HUMAN & DISTRIBUTION NETWORK:
ORDER BOOK AS AT 31st MARCH, 2025
| Particulars | Value (Rs. In Mn) |
|---|---|
| Power Cables | 2,810 |
| Railway Cables | 117 |
| Telecom Cables | 35 |
| House Wires | 93 |
| Exports | 3,232 |
| EPC Projects | 142 |
| Pipe & Others | 78 |
| st Total Orders As At 31 March, 2025 |
6,507 |
REVENUE BREAKUP Q4 FY25 & FY25
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Q4FY25
1.3%
1.2% 0.7%
3.4%
5.1%
28.9%
59.4%
Power Cables Exports House Wires Railway Cables
Pipe & Others Telecom Cables EPC
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FY25
2.5%
2.1% 0.4%
5.4%
9.0%
49.9%
30.7%
Power Cables Exports Railway Cables
House Wires Pipe & Others Telecom Cables
EPC
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REVENUE BREAKUP (DOMESTIC/EXPORT)
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Q4 FY25
28.9%
71.1%
Domes�c Exports
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Q4 FY24
25.8%
74.2%
Domes�c Exports
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FY25
30.7%
69.3%
Domes�c Exports
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FY24
25.8%
74.2%
Domes�c Exports
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METAL CONSUMPTION (MTPA)
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Quarterly Comparison
60.6%
8,515
5,304
Q4FY24 Q4FY25
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Full Year Comparison
56.6%
26,601
16,987
FY24 FY25
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KEY FINANCIAL METRICS
(Rs. In Mn)
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Revenue From Operations EBITDA
56.8% 12.3%
5,070 373
3,916 335
3,234 299
Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25
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PBT PAT
-1.9% -36.5%
305 295
226
259
254 187
Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25
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EBITDA , PBT and PAT Margin
9.4%
9.2%
6.6%
7.9%
7.7%
5.0%
9.0%
5.7%
3.7%
Q4FY24 Q3FY25 Q4FY25
EBITDA PBT PAT
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NOTE : EBITDA INCLUDE OTHER INCOME / PAT - DUE TO TAX LIABILITY FROM Q2 FY25 ONWARDS
KEY FINANCIAL METRICS
(Rs. In Mn)
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Revenue From Operations
47.2%
15,756
10,706
FY24 FY25
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EBITDA
38.2%
1,344
973
FY24 FY25
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PBT
35.3%
1,109
820
FY24 FY25
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PAT
1.6%
870
856
FY24 FY25
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PAT
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EBITDA , PBT and PAT Margin
9.0%
8.5%
7.6%
7.0%
7.9%
5.5%
FY24 FY25
EBITDA PBT PAT
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Working Capital Days
155
101
FY24 FY25
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CAGR Growth (FY22 - FY25)
CONSOLIDATED INCOME STATEMENT
| Par�culars (Rs. In Mn) | Q4 FY25 | Q4 FY24 | YoY (%) | Q3 FY25 | FY25 | FY24 | YoY (%) |
|---|---|---|---|---|---|---|---|
| Revenue From Opera�ons | 5,070.2 | 3,233.7 | 56.8% | 3,916.4 | 15,756.0 | 10,706.0 | 47.2% |
| Other Income | 18.5 | 27.7 | 37.1 | 109.9 | 79.6 | ||
| Total Revenue | 5,088.7 | 3,261.4 | 56.0% | 3,953.4 | 15,865.9 | 10,785.6 | 47.1% |
| Total expenses excluding deprecia�on, amor�za�on, and fnance cost |
4,753.3 | 2,962.6 | 3,580.1 | 14,522.1 | 9,813.0 | ||
| *EBITDA | 335.4 | 298.8 | 12.3% | 373.3 | 1,343.7 | 972.6 | 38.2% |
| EBITDA Margin % | 6.6% | 9.2% | 9.4% | 8.5% | 9.0% | ||
| Deprecia�on & Amor�za�on | 35.2 | 25.7 | 32.2 | 122.6 | 93.8 | ||
| Finance Cost | 46.3 | 14.2 | 35.8 | 111.6 | 59.1 | ||
| PBT | 254.0 | 258.9 | -1.9% | 305.3 | 1,109.5 | 819.8 | 35.3% |
| Tax Expense | 66.6 | (36.1) | 79.3 | 239.8 | (36.5) | ||
| PAT | 187.4 | 294.9 | -36.5% | 226.0 | 869.7 | 856.3 | 1.6% |
| PAT Margin % | 3.7% | 9.0% | 5.7% | 5.5% | 7.9% | ||
| Diluted EPS | 0.6 | 1.0 | 0.7 | 2.0 | 3.3 |
*EBITDA Including Other Income
CONSOLIDATED BALANCE SHEET
| Par�culars (Rs. In Mn) | *As at 31.03.25 | As at 31.03.24 | Par�culars (Rs. Mn) | *As at 31.03.25 | As at 31.03.24 |
|---|---|---|---|---|---|
| Equity & Liabili�es | Assets | ||||
| Shareholder's Funds | Non-Current Assets | ||||
| EquityShare Capital | 610.1 | 606.9 | Property,Plant & Equipment | 1,877.3 | 1,402.4 |
| Other Equity | 6,561.8 | 5,654.7 | Capital work inprogress | 37.6 | 14.9 |
| Right of Use Asset | 333.7 | 283.6 | |||
| Total Shareholder's Funds | 7,171.9 | 6,261.6 | Intangible Assets | 3.6 | 7.7 |
| Loans | 1.4 | 0.5 | |||
| Non-Current Liabili�es | Other Non Financial Assets | 402.2 | 190.8 | ||
| Long-Term Borrowings | 15.4 | 134.1 | Other Non-Current Assets | 137.4 | 99.0 |
| Lease Liabili�es | 71.5 | 21.7 | Deferred Tax Assets | - | 37.2 |
| Provisions | 20.8 | 15.2 | Total Non-Current Assets | 2,793.3 | 2,036.2 |
| Deferred Tax Liabili�es | 30.3 | ||||
| Total Non-Current Liabili�es | 138.0 | 171.0 | Current Assets | ||
| Current Liabili�es | Inventories | 3,108.8 | 2,342.8 | ||
| Short-term Borrowings | 237.1 | 873.7 | Investments | - | 557.4 |
| Lease Liability | 8.2 | 0.9 | Trade Receivables | 2,047.0 | 2,522.5 |
| Total Outstanding dues of Micro Enterprises and Small Enterprises |
83.4 | 119.4 | Cash & Cash Equivalents | 233.7 | 45.6 |
| Total Outstanding dues of Creditors other than micro & small enterprises |
1,287.0 | 728.1 | Bank Balance other than Cash | 161.7 | 180.8 |
| Other Financial Liabili�es | 53.6 | 53.6 | Loans | 2.7 | 4.9 |
| Other Current Liabili�es | 88.9 | 56.1 | Other Current Financial Assets | 43.2 | 43.6 |
| Provisions | 1.8 | 1.3 | Current Tax Assets (Net) | - | 24.1 |
| Current Tax Liabili�es | 7.8 | 0.8 | Other Current Assets | 687.4 | 508.6 |
| Total Current Liabili�es | 1,767.9 | 1,834.0 | Total Current Assets | 6,284.6 | 6,230.3 |
| Total Equity & Liabili�es | 9,077.8 | 8,266.5 | Total Assets | 9,077.8 | 8,266.5 |
CONSOLIDATED CASH FLOW STATEMENT
| Par�culars (Rs. In Mn) | FY25 | FY24 |
|---|---|---|
| Cash from Opera�ng ac�vi�es | 1,040.9 | (1,009.3) |
| Cash from Inves�ng ac�vi�es | (12.2) | (958.2) |
| Cash from Financing ac�vi�es | (840.5) | 1,832.7 |
| Net change in cash & cash equivilants | 233.7 | 45.6 |
MANAGEMENT COMMENTARY
We are excited to share the financial and business performance highlights for Q4 and FY25. In Q4 FY25, we delivered exceptional growth, with total revenue from operations increasing by 56.8% to Rs. 5,070 Mn , compared to Rs. 3,234 Mn in Q4 FY24.
For the full year FY25, revenue grew by 47.2% , reaching Rs. 15,756 Mn, up from Rs. 10,706 Mn in FY24, demonstrating the consistent strength of our core business operations.
Our EBITDA for Q4 FY25 stood at Rs. 335 Mn , as compared to Rs. 299 Mn reflecting a growth of 12.3% year-on-year, while for FY25, EBITDA increased by 38.2% , totalling Rs. 1,344 Mn as compared to Rs. 973 Mn in FY24.
Profit After Tax (PAT) for Q4 FY25 stood at Rs. 187 Mn , compared to Rs. 295 Mn in Q4 FY24. For the full year FY25, PAT stood at Rs. 870 Mn , up from Rs. 856 Mn in FY24. It is pertinent to note that the company was earlier able to adjust its profits against carry forward losses which are no more available from Q2FY25 onwards and hence FY25 has seen a substantial outgo on account of tax resulting in negligible increase in PAT despite 35.3% increase in PBT.
As of March 31, 2025, our order book stood at Rs. 6,507 Mn , showcasing a strong pipeline of future business.
The ongoing growth in renewable energy sources, particularly solar and wind, is creating significant demand for cables and wires across various sectors. Investments in coal-based thermal power, along with infrastructure development in transmission and distribution led by government initiatives, are crucial to support this demand. Additionally, rising energy needs from industries such as data centers, manufacturing, and electric vehicles are further increasing the need for cables and wires. Infrastructure projects in railways, metro rails, and highways also add to this growing demand. For balanced growth, power generation and infrastructure development must progress together, driving the need for cables and wires
MANAGEMENT GUIDANCE
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We are targeting ~30%
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We aim to generate ~40%
DISCLAIMER:
Certain statements in this document may be forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Paramount Communications Ltd will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstance.
Contact Details:
Contact Details:
S. K. Agarwal
S. K. Agarwal Krunal Shah | Vinayak Shirodkar Paramount Communications Ltd Captive IR Strategic Advisors Pvt. Ltd. Email: [email protected] Email: [email protected] Contact: +91-1145618800/8900 [email protected] Contact: +91 9372467194