Paramount Communications Q4 FY26 revenue rises 13.6% YoY

Paramount Communications Limited reported a strong sequential recovery in Q4 FY26, with revenue growing 13.6% year-on-year and 24.5% quarter-on-quarter to INR 573 crores. The company attributed this performance to a strategic pivot towards domestic demand, which accelerated despite significant disruptions in its export business. Profit after tax for the quarter stood at INR 20.5 crore, marking a 175% increase from the previous quarter, while EBITDA margins recovered to 6.7%.

For the full financial year FY26, revenue from operations grew approximately 23% year-on-year to INR 1,912 crores compared to INR 1,557 crores in FY25. EBITDA, including other income, was INR 117.5 crores with a margin of 6%, while profit after tax was INR 60 crores. The company noted that absolute EBITDA and PAT declined due to reciprocal tariffs imposed by the U.S., which disrupted export volumes. However, the domestic business grew 27% to INR 1,361 crore, increasing its share of total revenue to 71%.

Financial Performance

Metric	Q4 FY26	FY26
Revenue	INR 573 crores	INR 1,912 crores
EBITDA	INR 38.8 crores	INR 117.5 crores
EBITDA Margin	6.7%	6%
PAT	INR 20.5 crores	INR 60 crores
PAT Margin	-	3.1%

Operational Highlights

Metal throughput for FY26 reached 29,664 metric tons, an increase of roughly 12% year-on-year. The order book as of March 31, 2026, stood at INR 583 crores, comprising INR 508 crores of domestic orders and INR 76 crores of exports. Management highlighted that power cable orders reached a record INR 466 crores, up 66% year-on-year. The company’s existing plants at Dharuhera and Kushkhara are operating at optimal utilization, prompting the acceleration of a new greenfield project at Narmadapuram.

Strategic Outlook

The Narmadapuram facility, slated to commence operations in Q1 FY28, involves an investment of approximately INR 300 crores. Management targets sales of INR 500 crores from this plant in FY28, scaling up to INR 1,200 crores in FY29, with a focus on extra high voltage cables and specialized conductors. Looking ahead, the company aims to achieve a revenue milestone of INR 5,000 crores by FY31, driven by capacity expansion, deeper domestic penetration, and export diversification.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.37%	-7.55%	+6.74%	+74.52%	+14.05%	+378.51%

Paramount Communications has reported its audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 22, 2026. The statutory auditors, M/s. P. Bholusaria & Co., issued an audit report with an unmodified opinion for the standalone and consolidated financial results.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net profit of Rs 60.24 crore, a decline of 30.5% compared to Rs 86.72 crore in the previous year. Revenue from operations for the year increased 22.8% to Rs 1,912.16 crore from Rs 1,556.66 crore in the prior year. Total income for the year stood at Rs 1,963.93 crore. The company's earnings per share (EPS) for the year was Rs 1.97 on a basic and diluted basis.

The following table summarises the key annual financial metrics:

Metric	Year Ended 31.03.2026	Year Ended 31.03.2025
Revenue from Operations	Rs 1,912.16 crore	Rs 1,556.66 crore
Total Income	Rs 1,963.93 crore	Rs 1,569.49 crore
Net Profit	Rs 60.24 crore	Rs 86.72 crore
Basic EPS	Rs 1.97	Rs 2.85

Q4 Consolidated Performance

In the quarter ended March 31, 2026, the company's consolidated net profit rose 9.5% to Rs 20.52 crore compared to Rs 18.74 crore in the same period of the previous year. Revenue for the quarter came in at Rs 573.31 crore versus Rs 507.02 crore year-on-year. Total income for the quarter was Rs 582.24 crore. However, profitability metrics reflected margin pressure, with EBITDA declining to Rs 30 crore from Rs 31.7 crore year-on-year, and EBITDA margin contracting to 5.23% from 6.30% in the corresponding quarter of the prior year.

The following table presents the key Q4 consolidated metrics on a year-on-year basis:

Metric	Q4 FY26	Q4 FY25
Net Profit	Rs 20.52 crore	Rs 18.74 crore
Revenue	Rs 573.31 crore	Rs 507.02 crore
EBITDA	Rs 30 crore	Rs 31.7 crore
EBITDA Margin	5.23%	6.30%

Segment and Operational Highlights

The consolidated financial results include two reportable segments: "Wires & Cables" and "Pipes". The Wires & Cables segment reported revenue of Rs 1,912.17 crore for the year, while the Pipes segment reported revenue of Rs 6.41 crore. The company divested its entire shareholding in its wholly owned subsidiary, Valens Technologies Private Limited, on November 6, 2025.

Domestic revenue grew 26.8% to Rs 1,361.7 crore, increasing its share to 71.2% of total revenue. B2B Institutional revenue grew 37.3% to Rs 1,001.3 crore, led by power cables. Export revenue grew 13.9% to Rs 550.4 crore, despite US tariff disturbances. The company remains the largest LV cable exporter from India to the US in CY2025.

Board Decisions and Future Guidance

The Board of Directors, upon the recommendation of the Audit Committee, approved the re-appointment of M/s. Jain Sharma & Associates as Cost Auditors and M/s. Jagdish Chand & Co. as Internal Auditors for the financial year 2026-27. The trading window closure, which was effective from April 01, 2026, will remain in effect until 48 hours after the declaration of the financial results.

The company announced that its Narmadapuram greenfield project in Madhya Pradesh is progressing, with civil and site drawing preparation underway. Operations are expected to partly commence in Q1 FY28. The project involves an investment of approximately Rs 300 crore over 2-3 years and will focus on Extra-High-Voltage (EHV) cables up to 132 kV. The order book as of March 31, 2026, stood at Rs 583.3 crore.