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Paramount Comms Q1 FY27: US Exports at ₹155 Cr, Targets ₹700-800 Cr Full Year
Paramount Communications released its Q1 FY27 earnings call transcript, highlighting a 17.4% YoY revenue growth to ₹529.4 crore and a 129.2% YoY increase in operating profit to ₹34.7 crore. Management reported that US export headwinds have eased post-tariff resolutions, with US export revenue reaching ₹155 crore in Q1 and full-year expectations guided at ₹700–800 crore (representing ~37–42% of TTM revenue of ₹1,913 crore). Plants at Dharuhera and Khushkhera are running near optimal utilization, while working capital stood steady at 96 days.
Confidence: HIGH
What changedFiling of the formal Q1 FY27 investor conference call transcript covering forward guidance on US exports, metal risk management, and capacity outlook.
Why it mattersConfirms recovery in high-margin US export volumes following the removal of punitive tariff overhangs, which directly drives company-wide operating margins.
Q1 FY27 Revenue: INR 529.4 croresQ1 FY27 Operating Profit: INR 34.7 croresQ1 FY27 US Exports: INR 155 croresFY27 Guided US Exports: INR 700 to 800 croresWorking Capital Cycle: 96 days
📅 Short termStable demand outlook supported by order backlogs in domestic power/infra and normalized export shipping to the US market.
📈 Long termStructural tailwinds from data center power infrastructure, transmission grid strengthening, and the greenfield Narmadapuram capacity ramp-up towards the long-term revenue target.
⚠ Risk flags
- Raw material price volatility in aluminium and copper
- Geopolitical trade barriers or tariffs in key export destinations like the US
Key Highlights
Q1 FY27 Revenue from Operations grew 17.4% YoY to INR 529.4 crores
Operating profit excluding other income rose 129.2% YoY to INR 34.7 crores with margin at 6.6%
US export run rate delivered INR 155 crores in Q1 FY27, with management targeting INR 700 to 800 crores for the full year
Net profit stood at INR 19.7 crores (up 3.7% YoY) with EPS of INR 0.64 for the quarter
Working capital cycle maintained at 96 days against a target band of 90 to 100 days
👀 What to Watch
Track subsequent quarterly export delivery against the ₹700–800 crore US guidance and progress on the upcoming Narmadapuram plant capacity addition.
Paramount Communications Releases Q1 FY27 Presentation: ₹300 Cr EHV Capex & ₹583 Cr Order Book
Paramount Communications published its Q1 FY27 investor presentation, outlining its ₹583 crore order book (as of March 31, 2026, ~30.5% of TTM revenue) and medium-term revenue target of ₹5,000 crore over five years. The company highlighted ongoing execution at its greenfield Narmadapuram (Madhya Pradesh) facility involving a ₹300 crore investment (~38.6% of net worth), slated for partial commissioning in Q1 FY28 with targeted turnover of ₹500 crore in FY28 and ₹1,200 crore in FY29. FY26 metal throughput reached 29,664 MTPA, with exports contributing ₹550 crore across 35+ geographies.
Confidence: HIGH
What changedThe company released its comprehensive Q1 FY27 investor presentation updating key operational metrics, order book position, and expansion roadmaps.
Why it mattersProvides clear operational visibility into future growth drivers, including the ₹300 Cr EHV expansion designed to significantly scale revenue beyond current plant capacities.
Order book (as of 31 Mar 2026): ₹583 CrNarmadapuram Capex: ₹300 CrCapex vs Net Worth: ~38.6%5-Year Revenue Ambition: ₹5,000 CrFY26 Exports: ₹550 Cr
📅 Short termInformational filing with limited immediate price trigger; market will monitor execution against medium-term guidance and margin recovery.
📈 Long termThe ₹300 Cr Narmadapuram EHV facility could substantially expand capacity and address high-voltage power transmission demand from FY28 onwards.
⚠ Risk flags
- Execution and commissioning risk on the ₹300 Cr Narmadapuram facility
- Fluctuations in key raw material prices (Copper and Aluminum)
- Export market volatility and tariff shifts
Key Highlights
Confirmed ₹583 Cr order book as of March 31, 2026 (~30.5% of TTM revenue)
Ongoing ₹300 Cr greenfield EHV expansion at Narmadapuram on 31 acres, targeting ₹1,200 Cr turnover by FY29
Medium-term ambition set to reach ₹5,000 Cr revenue over the next 5 years
Metal throughput increased to 29,664 MTPA in FY26 from 9,691 MTPA in FY23
👀 What to Watch
Track milestone execution and civil construction progress at the Narmadapuram facility ahead of its Q1 FY28 commissioning timeline, along with quarterly operating margins.
Q1 FY27 Revenue Up 17.4% YoY to ₹529.4 Cr; Operating Profit Surges 129.2% to ₹34.7 Cr
Paramount Communications reported a 17.4% YoY growth in standalone revenue from operations to ₹529.4 Cr for Q1 FY27. Operating profit (excluding other income) surged 129.2% YoY to ₹34.7 Cr, with core operating margins expanding by 320 bps YoY to 6.6%. Standalone net profit (PAT) grew 3.7% YoY to ₹19.7 Cr with an EPS of ₹0.64. The executable order book stood at approximately ₹615 Cr as of June 30, 2026 (~32.1% of TTM revenue), with export sales contributing ₹155 Cr or 29.3% of revenue.
Confidence: HIGH
What changedParamount Communications released its Q1 FY27 financial results showing robust YoY revenue growth and substantial operating margin expansion.
Why it mattersOperating profitability and working capital metrics showed notable YoY improvement, supported by strong export demand and a healthy order backlog of ₹615 Cr.
Revenue from operations (Q1 FY27): ₹529.4 CrOperating profit YoY growth: 129.2%Operating margin (excl. OI): 6.6%Order book: ₹615 CrOrder book vs TTM revenue: ~32.1%Export revenue share: 29.3%
📅 Short termThe strong YoY expansion in operating margins and improvement in working capital days are expected to support near-term market sentiment.
📈 Long termContinued expansion in specialized cables, B2B orders, and export markets remains central to sustaining margin expansion and achieving higher capacity utilization.
⚠ Risk flags
- Raw material commodity price volatility (copper/aluminum)
- Quarter-on-quarter revenue decline of 7.7%
- Export market demand vulnerability
Key Highlights
Revenue from operations rose 17.4% YoY to ₹529.4 Cr (down 7.7% QoQ from ₹573.3 Cr)
Operating profit (excl. other income) expanded 129.2% YoY to ₹34.7 Cr, with margins reaching 6.6%
Standalone Profit After Tax (PAT) stood at ₹19.7 Cr, up 3.7% YoY from ₹19.0 Cr
Order book stood at ~₹615 Cr, with export revenue contributing ₹155 Cr (29.3% of total revenue)
Working capital cycle improved to 96 days from 101 days QoQ, led by receivable days declining to 64 days
👀 What to Watch
Track order book replenishment and monitor whether operating margins can sustain above 6% amidst raw material price volatility.
Paramount Communications Q1 PAT up 3.7% to ₹19.7 Cr; ₹120 Cr Preferential Allotment Finalized
Paramount Communications reported a 17.4% YoY increase in standalone revenue to ₹529.40 Cr for Q1 FY27. However, Net Profit (PAT) grew only 3.7% to ₹19.70 Cr, constrained by a 73.7% surge in finance costs to ₹6.86 Cr. The company finalized a significant capital infusion, allotting 2.19 crore equity shares and 72 lakh warrants at ₹42 per share, totaling approximately ₹120 Cr. Additionally, the company appointed a new EVP of Exports to drive its international growth strategy, following the divestment of its pipes subsidiary in late 2025.
Confidence: HIGH
What changedThe company has transitioned to a pure-play 'Wires & Cables' entity after divesting its pipes business and has significantly strengthened its equity base through a preferential issue.
Why it mattersThe capital infusion reduces debt-dependency for growth, though the immediate impact is equity dilution. The focus on exports is critical to mitigating domestic pricing pressure and achieving the targeted 30% CAGR.
Q1 Revenue (Standalone): ₹529.40 CrQ1 PAT (Standalone): ₹19.70 CrFundraise vs Market Cap: ~6.0%Preferential Issue Price: ₹42Finance Cost YoY Change: +73.7%
📅 Short termThe stock may see neutral to slightly cautious movement as the market digests the equity dilution and the relatively flat profit growth despite higher revenues.
📈 Long termThe structural shift toward exports and the infusion of growth capital are positive for the company's 2030 vision, provided they can scale margins beyond the current low single digits.
⚠ Risk flags
- Equity dilution from preferential allotment
- Rising finance costs
- High sensitivity to raw material (copper/aluminum) price volatility
Key Highlights
Standalone Revenue for Q1 FY27 rose 17.4% YoY to ₹529.40 Cr from ₹450.87 Cr.
Net Profit (PAT) stood at ₹19.70 Cr, a marginal increase from ₹19.00 Cr in the same quarter last year.
Completed preferential allotment of 2,19,97,664 equity shares at ₹42 per share to non-promoters.
Finance costs increased significantly to ₹6.86 Cr compared to ₹3.95 Cr in Q1 FY26.
Appointed Mr. Harish Bhardwaj as EVP-Exports (Senior Management) effective August 15, 2026.
👀 What to Watch
Watch for the utilization of the ₹120 Cr capital infusion toward the company's ₹5,000 Cr revenue target for 2030 and monitor if the new export leadership can improve OPM from the current 3.5%.
Paramount Comm. Q1 PAT at ₹19.7 Cr; Appoints EVP-Exports to Drive ₹5,000 Cr Revenue Goal
Paramount Communications reported a steady Q1 FY27 with standalone revenue of ₹529.40 Cr, up 17.4% YoY from ₹450.87 Cr. Net profit for the quarter stood at ₹19.70 Cr, a modest 3.7% increase YoY. A key strategic move is the appointment of Mr. Harish Bhardwaj as EVP-Exports, a veteran with 35+ years of experience, to lead international expansion. The company also confirmed raising approximately ₹119.5 Cr through preferential allotments of shares and warrants to fund its growth trajectory.
Confidence: HIGH
What changedReported Q1 FY27 financial results and strengthened the senior management team specifically for the export segment while completing a significant capital raise.
Why it mattersExports are a critical lever for the company's 30% CAGR target; hiring a dedicated veteran addresses historical volatility in international markets and provides leadership for the planned capacity scale-up.
Q1 Standalone Revenue: ₹529.40 CrQ1 Standalone PAT: ₹19.70 CrPreferential Issue Price: ₹42 per shareTotal Potential Fundraise: ₹122.63 CrFundraise vs Market Cap: ~6.1%
📅 Short termThe stock may see positive sentiment driven by steady earnings growth and the successful conclusion of the preferential allotment process.
📈 Long termThe structural focus on exports and the infusion of capital support the company's ambitious goal to reach ₹5,000 Cr in revenue by 2030, though execution on margins remains key.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Low operating margins (3.5% TTM)
- Sensitivity to raw material (copper/aluminum) price volatility
- Historical export revenue concentration risk
Key Highlights
Standalone Revenue for Q1 FY27 grew 17.4% YoY to ₹529.40 Cr.
Net Profit for the quarter reached ₹19.70 Cr compared to ₹19.00 Cr in Q1 FY26.
Appointment of Mr. Harish Bhardwaj as EVP-Exports to target international market expansion.
Raised ₹88.40 Cr through the issuance of 2.10 crore equity shares to non-promoters at ₹42 each.
Issued 72,00,000 warrants to promoters at ₹42 each, with 25% application money (₹7.56 Cr) received.
👀 What to Watch
Monitor the impact of the new export leadership on international revenue share, which previously dropped to 35% in FY24. Watch for the deployment of the ₹119.5 Cr raised capital into capacity expansion to meet the FY2030 revenue target of ₹5,000 Cr.
₹529 Cr Revenue in Q1 FY27; 17.4% YoY Growth and ₹116 Cr Fundraise Update
Paramount Communications reported a 17.4% YoY increase in standalone revenue to ₹529.40 Cr for Q1 FY27, though revenue declined 7.6% sequentially from Q4 FY26. Net profit grew marginally by 3.7% YoY to ₹19.70 Cr, as higher finance costs (up 73.6% YoY) offset top-line gains. A significant capital infusion is underway, with the company receiving ₹115.96 Cr during the quarter through preferential allotments of shares and warrants. Additionally, the company appointed a new Executive VP for Exports to drive its international expansion strategy.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results showing steady YoY growth, confirmed the receipt of substantial preferential issue funds, and strengthened its senior management for exports.
Why it mattersThe fundraise (approx. 5.5% of market cap) provides necessary liquidity to pursue the company's long-term revenue target of ₹5,000 Cr by 2030, while the management change targets higher-margin international markets.
Revenue (Q1 FY27): ₹529.40 CrYoY Revenue Growth: 17.4%Net Profit (Q1 FY27): ₹19.70 CrFundraise received in Q1: ₹115.96 CrFundraise vs Market Cap: ~5.5%Finance Cost Increase (YoY): 73.6%
📅 Short termThe stock may see positive sentiment due to the double-digit revenue growth and successful capital raise, though flat sequential profits may temper the reaction.
📈 Long termThe structural shift toward exports and the infusion of equity capital support the company's goal to scale operations and reduce dependency on domestic government projects.
⚠ Risk flags
- Rising finance costs impacting net margins
- Sequential decline in revenue compared to Q4 FY26
- Intense competition in the cables industry limiting pricing power
Key Highlights
Standalone Revenue from operations increased 17.4% YoY to ₹529.40 Cr from ₹450.87 Cr.
Net Profit for the quarter stood at ₹19.70 Cr, up 3.7% from ₹19.00 Cr in the same period last year.
Received ₹115.96 Cr in application money for preferential issues of warrants (Promoters) and equity shares (Non-promoters).
Finance costs rose significantly to ₹6.86 Cr compared to ₹3.95 Cr in Q1 FY26.
Segment assets for Wires and Cables expanded to ₹1,248.37 Cr, up from ₹945.49 Cr YoY.
👀 What to Watch
Investors should monitor the utilization of the ₹116 Cr fundraise for capacity expansion and the impact of the new Export head on achieving the company's 30% CAGR target.
ICRA Reaffirms [ICRA]BBB/A3+ Rating for Rs 150 Cr Facilities; Removes Negative Watch
ICRA has reaffirmed Paramount Communications' credit ratings for its Rs 150 crore bank facilities, maintaining the long-term rating at [ICRA]BBB and short-term at [ICRA]A3+. Crucially, the agency removed the 'watch with negative implications' and assigned a 'Stable' outlook, indicating a stabilization of the company's credit profile. The total rated debt of Rs 150 crore is relatively modest, representing approximately 19.3% of the company's net worth (Rs 778 Cr) and 7.8% of TTM revenue. This stabilization is a positive signal for the company's ability to fund its ambitious 30% CAGR growth target.
Confidence: HIGH
What changedThe credit outlook was upgraded from 'Negative Watch' to 'Stable', while the underlying ratings were maintained.
Why it mattersIt reduces the immediate risk of a credit downgrade, which could have increased borrowing costs and hampered the company's expansion plans.
Total Rated Amount: Rs 150.00 CrRated Amount vs Net Worth: 19.3%Rated Amount vs TTM Revenue: 7.8%Long-term Rating: [ICRA]BBB (Stable)
📅 Short termThe removal of the negative watch is a positive sentiment driver for the stock in the coming weeks as it signals financial stability.
📈 Long termEssential for maintaining the financial health required to reach the company's long-term revenue targets and supporting its 30% CAGR strategy.
⚠ Risk flags
- Low operating margins (3.5%)
- Raw material price volatility
Key Highlights
Long-term rating reaffirmed at [ICRA]BBB with a Stable outlook assigned on July 14, 2026
Short-term rating reaffirmed at [ICRA]A3+
Removed from 'watch with negative implications' status
Total bank facilities rated amount to Rs 150.00 crore
Specific limits include Rs 50 Cr from Union Bank of India and Rs 60 Cr from Axis Bank
👀 What to Watch
Monitor if the stabilized credit profile leads to lower borrowing costs in future debt refinancings and watch for progress toward the Rs 5,000 Cr revenue target by 2030.
Rs 99.95 Cr raised via preferential allotment to marquee investors and promoters
Paramount Communications has successfully raised approximately Rs 100 crore through the allotment of 2.20 crore equity shares to non-promoters and 72 lakh convertible warrants to promoters. The allotment was priced at Rs 42.00 per share, which is a significant discount to the current market price of Rs 73.2. Marquee investors including Abakkus Diversified Alpha Fund and Singularity Equity Fund II participated in this round. This capital infusion represents approximately 12.8% of the company's current net worth, providing substantial liquidity for growth initiatives.
Confidence: HIGH
What changedThe company has completed a preferential capital raise, resulting in an immediate increase in paid-up capital and the entry of institutional investors like Abakkus.
Why it mattersThe fundraise strengthens the balance sheet (current D/E is low at 0.16) and provides the necessary capital to fuel the company's 30% CAGR growth strategy and capacity expansion in the power cables segment.
Total Fundraise Value: Rs 99.95 CrAllotment Price: Rs 42.00Fundraise vs Net Worth: ~12.8%New Equity Shares Allotted: 2,19,97,664Promoter Warrants Allotted: 72,00,000
📅 Short termPositive sentiment is expected due to the participation of high-profile institutional investors, although the market may react to the dilution and the lower allotment price relative to the current market price.
📈 Long termStructurally positive as it provides the growth capital needed to scale operations toward the company's 2030 revenue targets and reduces dependency on debt for expansion.
⚠ Risk flags
- Equity dilution of approximately 7.2% for existing shareholders
- Allotment price is significantly lower than the current market price
Key Highlights
Raised a total of Rs 99,95,01,888 through equity and warrant subscriptions
Allotted 2,19,97,664 equity shares to non-promoter entities at Rs 42.00 per share
Allotted 72,00,000 unlisted convertible warrants to promoters Sanjay and Sandeep Aggarwal
Abakkus Diversified Alpha Fund (two schemes) emerged as a major allottee with 1.19 crore shares
Paid-up equity capital increased from 30.52 crore to 32.72 crore shares of Rs 2 each
👀 What to Watch
Monitor the deployment of these funds toward the company's stated goal of achieving a Rs 5,000 Cr revenue target by 2030. Investors should also track the conversion timeline of the promoter warrants and the impact on overall promoter holding.
Paramount Communications Gets NSE/BSE Nod for Rs 122.6 Cr Preferential Issue
Paramount Communications has received in-principle approval from both BSE and NSE for a significant preferential allotment of securities. The company plans to issue 2.19 crore equity shares to non-promoters and 72 lakh convertible warrants to promoters, both priced at Rs. 42 per unit. This capital infusion is expected to raise approximately Rs. 122.63 crore, strengthening the company's balance sheet. The inclusion of promoters in the warrant issuance signals strong internal confidence in the company's future growth.
Key Highlights
Issuance of 2,19,97,664 equity shares to non-promoters at Rs. 42 per share
Issuance of 72,00,000 convertible warrants to promoters at Rs. 42 per warrant
Total estimated fundraise of approximately Rs. 122.63 Crores
In-principle approvals received from BSE and NSE on June 24, 2026
Warrants carry a right to subscribe to 1 equity share per warrant at the same price
👀 What to Watch
Investors should monitor the final allotment and the specific purpose for which these funds will be utilized. The promoter participation at Rs. 42 is a positive signal for long-term valuation.
Paramount Communications Shareholders Approve Preferential Issue of Equity and Warrants
Shareholders of Paramount Communications Limited have approved two major fundraising resolutions during the Extraordinary General Meeting held on June 6, 2026. The first resolution for the issuance of equity shares on a preferential basis passed with a 99.98% majority, involving 166.18 million polled votes. The second resolution for the issuance of unlisted convertible warrants on a preferential basis was also approved with 99.78% of votes in favor. These approvals pave the way for significant capital infusion into the company.
Key Highlights
Shareholders approved the issuance of equity shares on a preferential basis with 99.9783% votes in favor.
Issuance of unlisted convertible warrants on a preferential basis was cleared with 99.7755% support.
A total of 166,184,282 votes were polled for the equity issuance resolution, representing 54.45% of total shares.
The meeting was attended by 98 members, including 16 from the promoter group and 82 from the public.
The resolutions were passed as Special Resolutions, indicating strong shareholder alignment with management's growth plans.
👀 What to Watch
Investors should watch for subsequent disclosures regarding the specific allotment prices and the names of the entities participating in the preferential issue. This capital raise is likely intended for expansion or debt reduction, which could improve long-term fundamentals despite potential equity dilution.
Paramount Communications EGM Approves Preferential Issue of Equity and Convertible Warrants
Paramount Communications Limited held an Extraordinary General Meeting (EGM) on June 6, 2026, to seek shareholder approval for two major capital-raising resolutions. The agenda focused on the issuance of equity shares and unlisted convertible warrants, both on a preferential basis. A total of 98 members attended the meeting, including 16 from the promoter group. While the final voting results are pending the Scrutinizer's report, the meeting marks a significant step in the company's efforts to secure growth capital.
Key Highlights
EGM conducted on June 6, 2026, to approve the issuance of equity shares on a preferential basis.
Proposed issuance of unlisted convertible warrants on a preferential basis as a special resolution.
A total of 98 members participated in the meeting, comprising 16 promoters and 82 public shareholders.
Remote e-voting was conducted between June 3 and June 5, 2026, with additional e-voting provided during the EGM.
Final voting results and the Scrutinizer’s Report will be disclosed to the exchanges within the prescribed timeline.
👀 What to Watch
Investors should watch for the upcoming disclosure of the voting results and the specific details regarding the price and allottees of the preferential issue. This capital infusion is likely intended for expansion or debt reduction, but the resulting equity dilution should be evaluated.
Paramount Communications Issues Corrigendum for Preferential Issue of 2.92 Crore Securities
Paramount Communications has issued a corrigendum to its EGM notice regarding a preferential issue of 2,19,97,664 equity shares and 72,00,000 unlisted convertible warrants. The total share capital is projected to increase from 30.52 crore to 33.47 crore shares post-allotment. Marquee investors including Sunil Singhania's Abakkus Diversified Alpha Fund are participating, with a combined post-issue stake of approximately 3.56%. Promoter holding will see a marginal dilution from 49.18% to 47.01% upon full conversion of warrants.
Key Highlights
Preferential issue of 2,19,97,664 equity shares and 72,00,000 unlisted convertible warrants proposed.
Total equity base to expand to 33,46,65,035 shares from 30,52,09,814 shares post-conversion.
Abakkus Diversified Alpha Fund and its second series to hold 1.92% and 1.64% respectively.
Promoter stake to dilute from 49.18% to 47.01% on a fully diluted basis.
E-voting period for the EGM is set for June 3, 2026, to June 5, 2026.
👀 What to Watch
Investors should view the participation of institutional investors like Abakkus as a positive signal for the company's growth prospects. Monitor the EGM outcomes on June 6, 2026, for final approval of the fundraise.
Paramount Communications FY26 Revenue Up 23% to ₹1,912 Cr; Q4 PAT Surges 175% QoQ
Paramount Communications reported a resilient FY26 with revenue growing 23% YoY to ₹1,912 crore, despite significant margin pressure from US tariff hikes earlier in the year. Q4 FY26 showed a strong sequential recovery with PAT rising 175% QoQ to ₹20.5 crore as EBITDA margins improved to 6.7%. The company successfully pivoted to the domestic market, which grew 27% to ₹1,361 crore, while the invalidation of US tariffs by the Supreme Court in early 2026 positions the export segment for a strong FY27 recovery.
Key Highlights
FY26 Revenue reached ₹1,912 crore, representing a 4-year CAGR of 35.4%.
Q4 FY26 EBITDA margins recovered to 6.7% from 4.3% in Q3 FY26, a 240 bps sequential improvement.
Domestic order book stands at ₹508 crore, comprising 87% of the total ₹583 crore backlog as of March 31, 2026.
US export competitiveness restored following Supreme Court rulings invalidating tariffs that had reached up to 50%.
Metal throughput increased by 12% YoY to over 29,500 metric tons across existing plants.
👀 What to Watch
Investors should focus on the expected margin expansion in FY27 as high-margin US exports resume without tariff burdens. The company's strong domestic positioning in power and infrastructure makes it a key beneficiary of India's ongoing Capex cycle.
Paramount Communications FY26 Revenue Up 23% to ₹19,122 Mn; Q4 PAT Recovers by 9.5%
Paramount Communications reported a 22.8% YoY growth in FY26 revenue to ₹19,122 Mn, though full-year PAT declined 30.5% to ₹602 Mn due to US tariff disruptions. However, Q4 FY26 showed a strong recovery with PAT rising 9.5% YoY to ₹205 Mn as the company successfully pivoted to the domestic market. The domestic order book grew significantly by 55% YoY to ₹5,078 Mn, helping offset a 77% decline in export orders. The company is also progressing with a ₹300 Cr Greenfield expansion in Madhya Pradesh to enter the high-margin EHV cable segment by FY28.
Key Highlights
FY26 Revenue grew 22.8% YoY to ₹19,122 Mn, while full-year EBITDA margin compressed to 6.0% from 8.5%.
Q4 FY26 EBITDA margin recovered to 6.7% from 4.3% in Q3 FY26, signaling a turnaround from export tariff impacts.
Domestic order book reached a record ₹5,078 Mn (+55% YoY), driven by a 66% surge in power cable demand.
Greenfield project in Narmadapuram involves ₹300 Cr investment for EHV cables with partial commissioning in Q1 FY28.
Metal throughput increased 12% YoY to 29,664 MTPA, maintaining a strong 3-year CAGR of approximately 45%.
👀 What to Watch
Investors should monitor the stabilization of export margins and the execution timeline of the Narmadapuram EHV project. While domestic growth is robust, the company's ability to navigate global trade volatility remains a key factor for long-term profitability.
Paramount Communications FY26 Revenue Rises 23% to ₹1,912 Cr; Annual PBT Declines to ₹81 Cr
Paramount Communications reported a strong 23% year-on-year growth in annual revenue, reaching ₹1,912.16 crore for FY26. However, the company's full-year Profit Before Tax (PBT) saw a decline to ₹81.31 crore from ₹110.60 crore in the previous year, impacted by rising finance and operational costs. Quarterly performance showed resilience with Q4 FY26 revenue at ₹573.30 crore, up from ₹504.85 crore YoY. The board also approved the re-appointment of internal and cost auditors for the 2026-27 fiscal year.
Key Highlights
Annual Revenue from operations grew 22.8% YoY to ₹1,912.16 crore in FY26.
Full-year Profit Before Tax (PBT) decreased by 26.5% to ₹81.31 crore compared to ₹110.60 crore in FY25.
Finance costs nearly doubled during the year, rising from ₹10.87 crore to ₹21.03 crore.
Q4 FY26 Revenue showed a 13.6% YoY increase, reaching ₹573.30 crore.
Other Income for the full year jumped significantly to ₹51.77 crore from ₹12.83 crore in the previous fiscal.
👀 What to Watch
Investors should monitor the company's ability to manage rising finance costs and operating expenses, which are currently offsetting healthy revenue growth. While the top-line expansion is positive, the compression in annual profit margins warrants a cautious approach.
Paramount Communications to Raise ₹92.4 Cr via Preferential Issue; EGM on June 06
Paramount Communications (PARACABLES) has called an Extraordinary General Meeting (EGM) on June 06, 2026, to approve a significant fundraise. The company proposes to issue approximately 2.2 crore equity shares at ₹42 per share, totaling ₹92.40 crores, alongside convertible warrants. Marquee institutional investors including Abakkus Diversified Alpha Fund (Sunil Singhania's fund) and Subhkam Ventures are the primary participants in this preferential allotment.
Key Highlights
Issuance of up to 2,19,97,664 equity shares at a price of ₹42 per share (including ₹40 premium).
Total equity fundraise estimated at ₹92.40 crores from non-promoter investors.
Abakkus Diversified Alpha Fund and its second series are the lead investors, contributing ₹50 crores.
Other notable participants include Subhkam Ventures (₹10 Cr) and Singularity Equity Fund II (₹5 Cr).
The relevant date for floor price calculation was fixed as May 07, 2026.
👀 What to Watch
The participation of marquee investors like Abakkus suggests strong institutional confidence in the company's growth trajectory. Investors should view this as a positive development for long-term capital structure, while keeping an eye on the dilution impact.
Paramount Communications to Raise ₹122.64 Crore via Preferential Issue of Shares and Warrants
Paramount Communications (PARACABLES) has approved a significant fundraise of approximately ₹122.64 crores through a preferential allotment. The company will issue 2.20 crore equity shares to non-promoter investors, including reputable funds like Abakkus Diversified Alpha Fund, at ₹42 per share. Additionally, 72 lakh convertible warrants will be issued to promoters at the same price, with 25% payable upfront. This capital infusion is intended to strengthen the balance sheet and support future growth initiatives.
Key Highlights
Preferential issue of 2,19,97,664 equity shares at ₹42 per share, aggregating to ₹92.40 crores.
Issuance of 72,00,000 convertible warrants to promoters at ₹42 per warrant, totaling ₹30.24 crores.
Major participation from Abakkus Diversified Alpha Fund schemes, contributing approximately ₹50 crores.
Issue price of ₹42 is slightly above the regulatory floor price of ₹41.68 per share.
Promoter holding to adjust from 49.14% to 47.01% upon full conversion of warrants and equity issuance.
👀 What to Watch
The participation of high-profile institutional investors like Abakkus is a strong positive signal regarding the company's valuation and growth potential. Investors should monitor the EGM on June 6, 2026, for final approval and subsequent updates on fund utilization.
Paramount Communications to Raise Rs 122.63 Cr via Preferential Issue; Abakkus Fund to Invest
Paramount Communications has approved a significant fundraise of approximately Rs 122.63 crores through the preferential issuance of equity shares and convertible warrants. The company will issue 2.2 crore equity shares at Rs 42 each to institutional and individual investors, with Abakkus Diversified Alpha Fund contributing Rs 50 crores. Additionally, 72 lakh warrants will be issued to promoters at the same price, indicating strong internal commitment. The board also appointed Ms. Rashi Goel as the new Company Secretary and Compliance Officer to strengthen corporate governance.
Key Highlights
Preferential issue of 2,19,97,664 equity shares at Rs 42 each, aggregating to Rs 92.39 crores
Issuance of 72,00,000 convertible warrants to promoters at Rs 42 each, totaling Rs 30.24 crores
Major participation from Abakkus Diversified Alpha Fund (Rs 50 Cr) and Subhkam Ventures (Rs 10 Cr)
Promoter shareholding to settle at 47.01% post-conversion of all warrants from the current 49.14%
Extraordinary General Meeting (EGM) scheduled for June 6, 2026, to seek shareholder approval
👀 What to Watch
The entry of marquee institutional investors like Abakkus at Rs 42 per share serves as a strong valuation benchmark and a vote of confidence. Investors should view this capital infusion as a positive catalyst for future growth and monitor the utilization of proceeds.
Paramount Communications to Raise ₹122.63 Cr via Preferential Issue; Abakkus Fund to Invest
Paramount Communications has approved a significant fundraise of approximately ₹122.63 crore through a preferential issue of equity shares and warrants. The company will issue 2.19 crore equity shares at ₹42 each to non-promoter investors, including a ₹50 crore investment from Sunil Singhania's Abakkus Diversified Alpha Fund. Additionally, promoters will subscribe to 72 lakh convertible warrants at the same price, signaling strong internal confidence. An Extraordinary General Meeting (EGM) is scheduled for June 6, 2026, to seek shareholder approval for this capital infusion.
Key Highlights
Preferential issue of 2,19,97,664 equity shares at ₹42 per share, totaling ₹92.39 crore.
Issuance of 72,00,000 convertible warrants to promoters at ₹42 each, totaling ₹30.24 crore.
Marquee investor Abakkus Diversified Alpha Fund (1 & 2) to invest a combined ₹50 crore.
Promoter shareholding projected at 47.01% on a fully diluted basis post-warrant conversion.
Appointment of Ms. Rashi Goel as Company Secretary and Compliance Officer effective May 13, 2026.
👀 What to Watch
The participation of high-profile institutional investors like Abakkus and the promoters' commitment at ₹42 per share are strong positive indicators. Investors should monitor the EGM outcomes and the company's plans for utilizing the newly raised capital.
Paramount Communications to Raise ₹122.63 Cr via Preferential Issue of Shares and Warrants
Paramount Communications has approved a significant fundraise of approximately ₹122.63 crore through a preferential allotment of equity shares and warrants. The company will issue 2.20 crore equity shares to non-promoter investors at ₹42 each, and 72 lakh convertible warrants to promoters at the same price. Notable institutional participants include Abakkus Diversified Alpha Fund and Singularity Equity Fund, providing a strong institutional backing. The funds are expected to strengthen the balance sheet and support future growth initiatives.
Key Highlights
Preferential issue of 2,19,97,664 equity shares at ₹42 per share, aggregating to ₹92.39 crore.
Issuance of 72,00,000 convertible warrants to promoters at ₹42 each, totaling ₹30.24 crore.
Marquee investors include Abakkus Diversified Alpha Fund (investing ₹50 crore) and Subhkam Ventures.
Promoter shareholding to adjust from 49.14% to 47.01% assuming full conversion of warrants.
Extraordinary General Meeting (EGM) scheduled for June 6, 2026, to obtain shareholder approval.
👀 What to Watch
The participation of high-profile institutional investors like Abakkus is a positive indicator of the company's growth potential. Investors should monitor the company's upcoming EGM and subsequent deployment of capital for expansion or debt reduction.
