Paramount Communications Q1 FY27: Revenue Jumps 17.4% YoY to ₹529.4 Cr, Exports Surge 77% QoQ
Paramount Communications reported Q1 FY27 revenue of ₹529.4 Cr, up 17.4% YoY. EBITDA margins improved to 7.1%, with operating profit up 129.2% YoY to ₹34.7 Cr. Exports surged 77% QoQ to ₹155 Cr due to US market normalization. The company raised ₹122 Cr in equity, with ₹65 Cr allocated for Narmadapuram capex.
The substantial year-on-year revenue growth, significant improvement in operating margins, strong export performance, and progress on the new manufacturing facility indicate a positive trajectory for the company's financial health and future expansion.
The company reported strong year-on-year growth in revenue and significant improvements in operating profit and margins, driven by export recovery and robust domestic performance. The successful equity raise also strengthens the balance sheet for future growth.
Paramount Communications Limited has reported a strong performance for the first quarter ended June 30, 2026. The company's Revenue from Operations grew by 17.4% year-on-year to ₹529.4 crores, though it saw a 7.7% sequential decline from ₹573 crores in Q4 FY26, which is attributed to the typical seasonal trend of higher volumes in the last quarter of the financial year.
EBITDA, including other income, stood at ₹37.8 crores, with an EBITDA margin of 7.1%, showing an improvement of 44 basis points over Q4 FY26 and 3 basis points over Q1 FY26. More significantly, operating profit, excluding other income, surged by 129.2% year-on-year to ₹34.7 crores, with operating margins expanding by 320 basis points year-on-year and 136 basis points quarter-on-quarter to 6.6%. Profit After Tax (PAT) for the quarter was ₹19.7 crores, a 3.7% increase year-on-year, with a PAT margin of 3.7%. Earnings Per Share (EPS) was ₹0.64.
The company highlighted the normalization of the US business scenario as a key contributor to the improved results. Exports for the quarter reached ₹155 crores, accounting for over 29% of the revenue, a substantial increase of approximately 77% quarter-on-quarter from ₹87 crores in the tariff-compressed Q4 FY26. The management expects this recovery in the US market to continue.
Domestically, revenue was ₹374 crores, contributing over 70% of the total. The power cable segment led domestic performance, accounting for 57.2% of Q1 revenues. The B2B industrial business grew 92% year-on-year to ₹296 crores, while B2C retail and distribution grew 15% to ₹44 crores, and the B2G government and PSU business stood at ₹35 crores.
The order book as of June 30, 2026, was ₹615 crores, up from ₹583 crores at the end of March 2026, with domestic orders at ₹518 crores and exports at ₹97 crores. Power cable orders alone stood at ₹455 crores, representing 74% of the total order book.
Paramount Communications also completed a fresh equity raise of approximately ₹122 crores during the quarter. Of this, ₹65 crores is earmarked for the Narmadapuram capex, and the balance strengthens working capital. The company's net worth increased to ₹894 crores as of June 30, 2026, with a comfortable debt-equity ratio of 0.15x. The Narmadapuram greenfield project is on track, with partial operations expected to commence in Q1 FY28, targeting revenues of approximately ₹500 crores for FY28, scaling up to ₹1,200 crores by FY29.
The company reiterated its five-year vision of reaching revenues of ₹5,000 crores by FY31, expressing confidence in achieving this target.
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