Paramount Speciality Forgings targets ₹200 crore revenue by FY28

Paramount Speciality Forgings Limited has released the transcript of its H2 & FY26 Post Earnings Investor Conference Call held on June 9, 2026. The management outlined strategic expansion plans, including the installation of a 10-ton forging hammer and a 2,000-ton forging press at its Khalapur facility, which is expected to increase production capacity to 6,000-8,000 tons per annum. The company targets revenue of ₹150-160 crore for FY27 and approximately ₹200 crore for FY28, post-expansion. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational and Financial Performance

During the call, Aliasgar Roshan Hararwala, Managing Director, stated that the company performed 10-12% better revenue-wise in the current year. The current order book stands between ₹45-50 crore, with a pipeline expected to reach ₹60-70 crore over the next 3-4 months. The management aims to improve manufacturing efficiency to 55-60% from installed capacities. For FY27, the company projects EBITDA margins of 8-10% in H2, with sustainable margins targeted at 14-15% in the long term.

Expansion and Sustainability Initiatives

The company is commissioning a solar power plant with a total capacity expected to reach 1.3-1.4 megawatts, following the initial 750 kilowatts. This initiative is projected to reduce electricity costs by 25-30% with a payback period of 3.5 to 4 years. Additionally, an internal testing laboratory commissioned in February 2026 has applied for NABL accreditation, which is expected to open new business avenues for third-party testing.

Strategic Outlook

Paramount Speciality Forgings is diversifying its product mix beyond oil and gas into petrochemicals, heavy engineering, railways, and infrastructure. The company is pursuing registrations with international entities such as ADNOC, Qatar Oil, and Saudi Aramco, and aims to enter the aerospace and defense sectors by the end of H2 FY27. The export mix is currently 25%, with key markets including Europe and Canada.

Key Financial and Operational Metrics

Metric	Value/Target
Current Order Book	₹45-50 crore
FY27 Revenue Target	₹150-160 crore
FY28 Revenue Target	₹200 crore
H2 FY27 EBITDA Margin Target	8-10%
Solar Power Capacity	1.3-1.4 megawatts
Production Capacity (Post-Expansion)	6,000-8,000 tons per annum

The transcript is available on the company's website. The filing was digitally signed by Aliasgar Roshan Hararwala, Managing Director, on June 13, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.15%	+18.72%	+10.48%	+18.10%	-15.43%	-60.70%

Paramount Speciality Forgings Limited reported a revenue of ₹11,995.97 lakh for the year ended March 31, 2026, compared to ₹10,993.26 lakh in the previous year. The company posted a net profit of ₹425.53 lakh for FY26, down from ₹446.57 lakh in FY25, as total expenses rose to ₹11,606.47 lakh from ₹10,503.10 lakh in the prior year. The Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 29, 2026.

The statutory auditors, M/s. Kalyaniwalla & Mistry LLP, issued an unmodified opinion on the standalone financial results. The company noted that the figures for the half year ended March 31, 2026, are balancing figures between the audited full-year results and the published unaudited year-to-date figures.

Financial Performance

For the year ended March 31, 2026, the company's total income stood at ₹12,176.73 lakh, an increase from ₹11,090.10 lakh in the prior year. The basic and diluted earnings per share (EPS) for FY26 were ₹2.16, compared to ₹2.57 in the previous year.

Particulars	Year ended March 31, 2026 (₹ in Lakhs)	Year ended March 31, 2025 (₹ in Lakhs)
Revenue from operations	11,995.97	10,993.26
Total Income	12,176.73	11,090.10
Total Expenses	11,606.47	10,503.10
Profit for the period	425.53	446.57
EPS (Basic and Diluted)	2.16	2.57

IPO Proceeds Utilisation

The company raised ₹2,833.18 lakh through its Initial Public Offer (IPO) in the previous year. As of March 31, 2026, the total amount utilised was ₹2,197.16 lakh, leaving an unutilised balance of ₹636.02 lakh. The funds were primarily allocated towards capital expenditure for the Khalapur Plant expansion and general corporate purposes.

Objects of the Issue	Amount Allocated (₹ in Lakhs)	Actual Utilised Amount (₹ in Lakhs)
Capital expenditure	2,381.28	1,785.88
General Corporate Purpose	72.38	33.57
Offer Related Expenses	379.52	377.71
Total	2,833.18	2,197.16

Key Appointments

The board approved the appointment of M/s. Jitendrakumar & Associates as Cost Auditors and M/s. Pipalia Singhal & Associates as Internal Auditors for FY 2026-27. Furthermore, Mr. Zubin Chandul Shah was appointed as the Company Secretary and Compliance Officer effective May 29, 2026, pursuant to Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Initiatives

Paramount Speciality Forgings Limited has implemented a 1,050 kWp Solar Power Project across its manufacturing facilities in partnership with Voltstar Solar. Phase I (150 kW) and Phase II (750 kW) have been commissioned, while Phase III (150 kW) is under implementation and scheduled for commissioning by June 2026. This initiative aims to reduce carbon emissions and increase renewable energy adoption.