Paramount Communications Limited (BSE: 530555, NSE: PARACABLES), established in 1955, is a prominent player in India’s wire and cable industry, producing high-quality products for various infrastructure segments. It is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
The management further added, “We are pleased to report robust financial and operational performance for Q1FY25, highlighting the strength of our business model and strategic initiatives. Our strong operational execution and solid business fundamentals led to notable achievements across key financial metrics.
In Q1FY25, our company saw significant revenue growth, with revenue from operations reaching Rs. 3,210.6 Mn, an increase from Rs. 2,105.4 Mn in Q1FY24, marking a Y-o-Y growth of 52.5%. This impressive growth was driven by robust demand for our products in both domestic and international markets, with a healthy recovery in the USA markets. We are optimistic about maintaining this growth trajectory throughout FY25, bolstered by our strategic initiatives and market expansion efforts.
Our strategic initiatives to enhance operational efficiencies have yielded positive results, leading to a notable increase in our EBITDA margin from 8.7% in Q1FY24 to 9.2% in Q1FY25. Specifically, our EBITDA grew from Rs. 185.1 Mn in Q1FY24 to Rs. 299.1 Mn in Q1FY25, marking a 61.6% Y-O-Y growth. mThis underscores the strength of our business model and our ability to adapt effectively to market conditions.
Our PAT for Q1FY25 improved significantly by 74.1%, increasing from Rs. 145.3 Mn in Q1FY24 to Rs.253.0 Mn in Q1FY25. The substantial repayment of ARC debt has notably strengthened our balance sheet, resulting in a healthier financial position. Our debt repayment has also enhanced our financial flexibility, allowing us to invest more aggressively in growth opportunities to prepare us for next phase of growth.
We are pleased to inform our stakeholders that we have fully repaid all outstanding obligations to Invent Assets Securitisation & Reconstruction Private Limited (Invent), including the dues originally owed to the State Bank of India (SBI) and acquired by Invent.