PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (LODR) Regulation 2015. Please find enclosed herewith newspaper clipping of Audited Financials Results for the Quarter and Year ended 31.03.2024. FY24 Annual Result Announced for Paramount Communications Ltd.
Electrical Equipment & Products company Paramount Communications announced FY24 results: Financial Highlights: Revenue: Rs 10,706.0 million, +34.4% YoY EBITDA: Rs 972.6 million, +51.5% YoY PAT: Rs 856.3 million, +79.3% YoY Revenue from domestic operations in FY24 amounted to Rs 7,944.8 million, showing a 100.5% YoY increase from Rs 3,961.8 million in FY23. In terms of sales mix, domestic sales stood at 74.2% and exports stood at 25.8% Operational Highlights: Robust order book of Rs 4,951.6 million Strong performance across product range, especially led by strong growth in Power and Railway cables. Exports continue to remain healthy as we achieve similar volumes as compared to FY23. Increasing production driving economies of scale and profitability. Healthy Balance sheet with debt equity ratio of 0.16 and Current Ratio of 3.40. The Company is poised to become debt free during FY25 after full repayment of ARC debt of Rs 862.5 million. Commenting on the results Sanjay Agarwal, Chairman & CEO said: “FY24 has been a remarkable year for Paramount Communications Limited. We have achieved strongest ever performance in terms of Revenue and Profitability. This year, we reached a significant milestone by surpassing Rs.1,000 crore in revenue showing a growth of 34.4% YoY. This achievement is underpinned by strong demand for our product portfolio and not only highlights the strength of our client relationships but also reaffirms our consistent delivery on commitments. Our order book which currently stands at Rs 4,951.6 million, provides strong visibility of revenues. Paramount is optimistic about further expanding its order book, bolstered by significant support from the railway and power sectors." "Our focus on operational excellence has led to significant improvements in our financial performance. In FY24, our EBITDA has increased to Rs 972.6 million, showcasing a growth of 51.5% growth as compared to Rs 642.0 million in FY23. This growth, coupled with an EBITDA margin of 9.0%, reflects the benefits of operating leverage and a sharp focus on cost control. In FY24, Paramount achieved a significant milestone by substantially repaying its ARC debt and positioning itself to become debt-free by FY25, demonstrating its commitment to prudent financial management. This achievement strengthens the company's balance sheet and ensures sufficient capital to pursue growth and enhance capabilities. Strategically positioned, Paramount is poised for strong and sustained growth, with a focus on diversifying our product range and delivering top-notch quality solutions in the wires and cables sector, while continuously innovating new products. We are prepared to leverage the anticipated increase in orders and position ourselves adeptly for potential opportunities. With these positive advancements, we remain confident in our capability to consistently deliver strong results for all our stakeholders in the times ahead.” Result PDF PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - ANNOUNCEMENT UNDER REGULATION 30
ANNOUNCEMENT UNDER REGULATION 30 PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Result For The Quarter And Year Ended 31.03.2024.
Results for the quarter and year ended 31.03.2024 PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Board Meeting Outcome for Outcome Of Board Meeting/Announcement Pursuant To Regulation 30 And 33 Of SEBI (LODR), Regulation,2015.
Pursuant to Regulation 30,33 and other applicable of SEBI LODR Regulation,2015, as amended , this is to inform you that the Board of directors of the Company at their meeting held on Friday , the 24th Day May 2024 has approved the matter attached herewith. PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Intimation Of Trading Approval Obtained From The Exchange(S) For 2,02,74,980 Equity Shares Of Rs. 2/- Each Issued To Non-Promoters On A Preferential Basis.
Pursuant to Regulation 30 Securities and Exchange Board of India (LODR) Regulation 2015, this is to inform you that the Company has received Trading Approval from BSE vide letter No. LOD/PREF/SV/378/2024-2025 dated 22.05.2024 and NSE vide letter No. NSE/LIST/41643 dated on 21.05.2024 for 2,02,74,980 Equity Shares. PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual secretarial Compliance Report pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirnments) Regulation,2015 for the Financial Year ended 31st March,2024. PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
PARAMOUNT COMMUNICATIONS LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2024 ,inter alia, to consider and approve In compliance of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the meeting of Board of Directors of the Company is scheduled to be held on Friday, 24th day of May 2024, to consider and approve, inter alia, the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended on 31st March, 2024. PARAMOUNT COMMUNICATIONS LTD.-$ - 530555 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Pursuant to Regulation 32 of SEBI (LODR) regulation,2015 read with regulation 162A of the Securities Exchange Board of India (ICDR) regulation,2018, as amended,we are enclosing herewith the Monitoring Agency Report dated 15.05.2024 issued by ICRA Limited, Monitoring Agency, for the quarter ended March 31, 2024 in respect of Utilization of proceeds of the issuance of Equity shares on Preferential Basis.