Paramount Communications Ltd. — Interim / Quarterly Report 2026

Nov 14, 2025

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PARAMOUNT COMMUNICATIONS LIMITED

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.

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Founded by Late Shri Shyam Sunder Aggarwal, Paramount serves Legacy & Reach critical sectors including Power, Telecom, Railways, Renewables, Defence, Space, IT, Electronics, Construction, and Oil & Gas. Global & Domestic Strong Pan-India presence with expanding exports, especially to Presence the U.S. Manufacturing Two advanced units in Rajasthan & Haryana. Strength Innovation-Led Focused R&D delivering solutions like lead-free house wires and Growth & Turnkey undersea cable technology. Capabilities Certifications & ISO 9001, ISO 14001, BIS, NTPC, PGCIL, RDSO; UL (USA), LPCB; Standards Complies with BS, ASTM, IEC, JIS, NFC, GOST, DIN.

Diverse Product Portfolio

Power Telecom Railways LT/HT, Optical Fibre, Signalling, Control,Instrum FTTH, JellyPower, Axle entation, cable Filled Counter UL Certified

Special Cables

Domestic

PV Solar, Fire Building Wires, Survival, HT Submersible, Conductors, EV LAN, Coaxial Charging

HUMAN & DISTRIBUTION NETWORK

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1,800+ Employees

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900+ Institutional Clients

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250+ 9,000+ Channel Partners Electricians

ORDER BOOK AS ON Sept 30, 2025

13.5% Domestic Exports 86.5%

Total Orders As On Sept 30, 2025 Rs. 536.7 Cr.

REVENUE BREAKUP Q2 FY26 vs Q2 FY25

Q2FY26

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0.0% 1.9%
40.4% 44.7%
6.1% 2.7% 4.2%
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Q2FY25
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0.2% 2.5%
28.7%
49.9%
6.1%
10.5%
2.1%
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Power Cables Railway Cables Telecom Cables House Wires Export Sales EPC Pipe & Others

Power Cables Railway Cables Telecom Cables House Wires Export Sales EPC Pipe & Others

REVENUE BREAKUP (DOMESTIC/EXPORT)

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Q2FY26
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40.4%
59.6%
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Q2FY25

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28.7%
71.3%
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Domestic Exports

Domestic Exports

REVENUE BREAKUP H1 FY26 vs H1 FY25

H1FY26

1.5% 0.0% 44.6% 43.4% 5.6% 1.8% 3.1% Power Cables Railway Cables Telecom Cables House Wires Exports Pipe & Others EPC

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H1FY25
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3.3% 0.4%
28.1%
44.0%
6.0%
15.0%
3.2%
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Power Cables Railway Cables Telecom Cables House Wires Exports Pipe & Others EPC

REVENUE BREAKUP (DOMESTIC/EXPORT)

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H1FY26
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H1FY25

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43.4%
56.6%
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28.1%
71.9%
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Domestic Exports

Domestic Exports

KEY FINANCIAL METRICS Q2 & H1FY26

Rs. In Cr

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Revenue (QoQ)
20.3%
500.0 451.1
428.0
355.9
250.0
0.0
Q2FY25 Q1FY26 Q2FY26
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Revenue (YoY)

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29.9%
1,000.0 879.1
800.0 677.0
600.0
400.0
200.0
0.0
H1FY25 H1FY26
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EBITDA and EBITDA Margins (QoQ)
-23.1%
50.0
33.6 32.9
25.8
25.0
0.0
Q2FY25 Q1FY26 Q2FY26
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EBITDA EBITDA Margin%

EBITDA & EBITDA Margins

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-7.5%
63.5
64.0
62.0
60.0 58.7
58.0
56.0
H1FY25 H1FY26
EBITDA EBITDA Margin%
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PAT And PAT Margins (QoQ)

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-34.8%
30.0
20.3
18.5
13.3
15.0
0.0
Q2FY25 Q1FY26 Q2FY26
PAT PAT Margin%
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PAT & PAT Margins (YoY)

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-30.4%
50 45.6
31.8
25
0
H1FY25 H1FY26
PAT PAT Margin%
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CONSOLIDATED INCOME STATEMENT

Particulars (Rs. Cr)	**Q2 FY26 **	**Q2 FY25 **	**YoY(%) **	**Q1 FY26 **	**QoQ(%) **	**H1 FY26 **	**H1 FY25 **	YoY(%)	FY25
Revenue From Operations	428.0	355.9	20.3%	451.1	-5.1%	879.1	677.0	29.9%	1575.6
Other Income	19.6	2.3		17.7		37.4	5.4		11.0
Total Revenue	447.6	358.2	25.0%	468.8	-4.5%	916.5	682.4	34.3%	1586.6
Total expenses
excluding depreciation, ammortization, and	421.8	324.6		436.0		857.8	618.9		1452.2
finance cost
EBITDA*	25.8	33.6	-23.1%	32.9	-21.4%	58.7	63.5	-7.5%	134.4
EBITDA Margin %	5.8%	9.4%		7.0%		6.4%	9.3%		8.5%
Depreciation & Amortization	3.9	2.8		3.7		7.6	5.5		12.2
Finance Cost	4.1	1.7		4.0		8.1	3.0		11.2
PBT	17.8	29.1	-38.9%	25.2	-29.3%	43.0	55.0	-21.9%	111.0
Tax Expense	4.5	8.8		6.7		11.2	9.4		24.0
PAT	13.3	20.3	-34.8%	18.5	-28.4%	31.8	45.6	-30.4%	87.0
PAT Margin %	3.0%	5.7%		3.9%		3.5%	6.7%		5.5%
Diluted EPS	0.43	0.67		0.61		1.04	1.50		2.85

• EBITDA including Other Income

CONSOLIDATED BALANCE SHEET

Particulars (Rs. Cr)	As at 30.09.25	As at 31.03.25
Assets
Non-Current Assets
Property,Plant & Equipment	203.8	187.7
Capital work inprogress	6.3	3.8
Right of Use Asset	32.6	33.4
Intangible Assets	0.1	0.4
Loans	0.1	0.1
Other Non Financial Assets	48.6	40.2
Other Non-Current Assets	10.0	13.7
Total Non-Current Assets	301.5	279.3
Current Assets
Inventories	311.0	310.9
Trade Receivables	288.8	204.7
Cash & Cash Equivalents	3.9	23.4
Bank Balance other than Cash	23.9	16.2
Loans	0.5	0.3
Other Current Financial Assets	6.9	4.3
Other Current Assets	71.4	68.7
Total Current Assets	706.4	628.5
Total Assets	1007.9	907.8
Particulars (Rs. Cr)	As at 30.09.25	As at 31.03.25
Equity & Liabilities
Shareholder's Funds
EquityShare Capital	61.0	61.0
Other Equity	688.5	656.2
Total Shareholder's Funds	749.5	717.2
Non-Current Liabilities
Long-Term Borrowings	1.7	1.5
Lease Liabilities	6.8	7.2
Provisions	2.4	2.1
Deferred Tax Liabilities	3.4	3.0
Total Non-Current Liabilities	14.3	13.8
Current Liabilities
Short-term Borrowings	92.8	23.7
Lease Liability	0.9	0.8
Total Outstandingdues of Micro Enterprises and Small Enterprises	6.5	8.3
Total Outstandingdues of Creditors other than micro & small enterprises	119.6	128.7
Other Financial Liabilities	6.9	5.4
Other Current Liabilities	7.9	8.9
Provisions	0.2	0.2
Current Tax Liabilities	9.3	0.8
Total Current Liabilities	244.1	176.8
Total Equity & Liabilities	1007.9	907.8

MANAGEMENT COMMENTARY

Paramount Communications Limited reported revenue from operations of ₹428 crore in Q2 FY26, up 20.3% YoY over ₹355.9 crore in Q2 FY25.

EBITDA stood at ₹25.8 crore with a margin of 5.8%, compared to 9.4% in Q2 FY25. PAT was ₹13.3 crore, translating to a PAT margin of 3.0% in Q2 FY26.

During April ’25, the US Administration increased tariff on imports from India by 10% which was further increased to 25% on 2nd August ’25. Further on India, a penal oil tariff of 25% was also imposed.

As the company has substantial revenue from USA exports (more than 40% share in H1FY26) which is being exported on DDP basis, the company had to bear a substantial part of this increase in tariff on goods under transit, finished goods and goods under production. Furthermore, for new orders we are facing stiff competition from other countries at lower tariff structures. As a result, the company’s margins are under pressure in the short term. We are actively working to de-risk ourselves from this situation by covering the export deficit from our domestic market, while also reviewing the dynamic trade situation between both countries. The company expects impact on its revenue and profitability to be temporary.

The domestic market remained strong during the quarter which helped us sail through the period and we anticipate stronger demand in the coming months driven by the expanding renewables sector and continued capex in power generation and transmission. There is also improvement in demand for the railway and telecom products of the company.

For more information, please visit company website: https://paramountcables.com/

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:

Paramount Communications Ltd

S. K. Agarwal Email: sk.agarwal@paramountcables.com Contact: +91-1145618800/8900

Captive IR Strategic Advisors Pvt. Ltd.

Krunal Shah | Vinayak Shirodkar Email: krunal@cap-ir.com vinayak@cap-ir.com Contact: +91 88282 97287