Paramount Communications Limited – Investor Presentation Summary
Key Operational Highlights
- Q2 FY27 revenue from operations reached ₹560.4 Cr, representing 31.1% YoY growth
- Company maintains 25+ product lines with 2,500+ SKUs engineered for domestic and global standards
- Pan-India distribution across 28 states and union territories including Rajasthan, Gujarat, Delhi, Uttar Pradesh, and others
- Zero product rejections over 6 years in US export market
Key drivers of operational performance:
Strong growth in India B2B+PSU segment (65.1% YoY), expansion of distributor network to 8 active distributors in US (from 2 in FY22), and 250+ channel partners with 600+ retail outlets in India B2C segment
Segment-wise Performance
| Segment | Q2 FY27 Revenue | Q2 FY26 Revenue | YoY Growth | FY26 Revenue | FY25 Revenue | YoY Growth |
| US (Exports) | ₹158 Cr | ₹173 Cr | (8.5)% | ₹550 Cr | ₹483 Cr | 13.9% |
| India B2B + PSU | ₹349 Cr | ₹211 Cr | 65.1% | ₹1183 Cr | ₹912 Cr | 29.7% |
| India B2C | ₹54 Cr | ₹44 Cr | 23% | ₹179 Cr | ₹162 Cr | 10.6% |
Explanation of significant changes in segment performance:
India B2B Institutional segment grew 37.3% to ₹1001 Cr (power-cable led) while B2G remained stable at ₹182 Cr (10% of total sales). US exports declined due to market conditions but the company maintains its position as the largest LV (up to 600V) exporter from India to US in CY2025.
Financial Highlights
Revenue: ₹560.4 Cr (Q2 FY27)
EBITDA: ₹44.7 Cr (including other income)
PAT: ₹24.2 Cr
EPS: ₹0.74
Margins: Operating Margin 7.3%, EBITDA Margin 7.9%
YoY/QoQ comparison: Revenue grew 31.1% YoY and 5.9% QoQ; PAT grew 82.8% YoY and 23.0% QoQ
Drivers of financial performance:
Higher revenue growth, improved operational efficiency with operating margin expanding 600 bps YoY to 7.3%, and effective cost management
Comparison to market estimates:
Not Specified
Key Risks:
Fluctuations in prices of key raw materials, competition (both domestic and international), economic growth in India and abroad, changes in government policies, trade and tariff regulations, currency exchange rate fluctuations, interest rates
Geographical Revenue Split
Domestic vs Export/Regional Revenue:
Domestic: Not specified in exact values, but India B2B+PSU and B2C segments totaled ₹403 Cr in Q2 FY27
Export: ₹158 Cr (US exports) in Q2 FY27
Regional Breakdown: Not Specified
Balance Sheet Snapshot
Net Debt/Equity: Not directly specified, but debt components show long-term borrowings of ₹21 Cr and short-term borrowings of ₹111 Cr against total shareholders' funds of ₹920 Cr
Reserves: Other equity of ₹855 Cr
Current Assets/Liabilities: Current assets ₹903 Cr, Current liabilities ₹296 Cr
Working Capital/Leverage Metrics: Not Specified
Financial Health Insights:
Strong cash flow generation with cash & bank balances improving to ₹60 Cr from ₹33 Cr in FY26, improved liquidity position
Capex & Cash Flow Health
Capital Expenditure: ₹250 Cr Narmadapuram greenfield project underway
Free Cash Flow: Not Specified
Operating Cash Flow: Not Specified
Net Debt Movement: Not Specified
Investment Rationale:
Focus on capacity expansion for HTLS conductors, technology upgrades for high-value product portfolio including EHV cables and specialized conductors
Strategic & R&D Initiatives
Investments in Innovation: HTLS conductors with carbon-core technology, data center power and specialized cable solutions, optical fiber for data-center ecosystem
Expected impact on growth:
Narmadapuram project will enable participation in India's grid-modernization opportunity and EHV transmission demand
Strategic Rationale:
Expanding into high-growth markets including data centers and renewable energy infrastructure, reducing operational costs through specialized manufacturing capabilities
Industry Trends & Business Environment
Macro/Industry Trends: Structural demand growth in wires and cables industry driven by investments in power transmission and distribution, renewable energy integration, and critical infrastructure
Impact on Company:
Growing opportunities in power generation capacity expansion, grid modernization, and data center infrastructure development
Management Commentary & Growth Outlook
Strategic Outlook: "We remain focused on sustainable growth, financial discipline and operational resilience. Our priorities remain clear: strengthening our core business, restoring operating profitability, expanding our international presence prudently and enhancing our product mix."
FY Guidance:
Not Specified
Market Share Targets:
Not Specified
Risks and Opportunities:
Risks include fluctuations in raw material prices, competition, and economic conditions. Opportunities include long-term growth potential from infrastructure spending and renewable energy integration