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Paramount Communications Financial Results of Q2 FY22

Paramount Communications logo

Paramount Communications Ltd. (also known as Paramount Cables in the industry) [NSE: PARACABLES, BOM: 530555], one of India’s leading wire & cable manufacturing company, announced its results of second quarter Q2 FY22.

Analysis of Paramount Communications’ Q2 FY22 Results

Financial Performance Q2 FY22 v/s Q2 FY21: Paramount Communications

Paramount Communications Ltd’s revenue touched ₹ 138.09 Crore in second quarter of FY22, up by 17.58% from ₹ 117.44 Crore in the same quarter last year.

Paramount Communications Financial Results Q2 FY22 comparison with Q2 FY21 and Q1FY22
Paramount Communications Ltd’s Financial Results Q2 FY22 comparison with Q2 FY21 and Q1 FY22

Paramount Communications’ net profit has touched ₹ 1.59 Crore in September 2021 which is drastically up by 591% from ₹ 0.23 Crore in September 2020.

Financial Performance Q2 FY22 v/s Q1 FY22: Paramount Communications

Paramount Communications revenue spiked by 43% to Rs 138.09 Crore in Q2 FY22 as compared to ₹ 96.39 crore in Q1 FY22.

Net Profit of the company in Q2 FY22 has gone up by 260 % at Rs. 1.59 crore as compared to loss of ₹ 0.99 crore in Q1 FY22.

Financial Ratios of Paramount Cables

Debtor Days* of Paramount Communications have decreased by 5.6% to 118 days for FY 2021 from 125 of FY 2020.

*Debtor Days are the average number of days required for a company to receive payments from its customers.

Inventory Days* remained constant at 88 for both FY20 as well as FY21.

*Inventory Days indicates the average time in days that a company takes to turn its inventory.

Days Payable* of Paramount Communications have decreased by 33% touching at 59 for year ending March 2021, down from 88 in March 2020.

*Days Payable indicate the average time (in days) that a company takes to pay its bills and invoices.

About Paramount Communications Ltd.:

Paramount Communications Ltd, also known as Paramount Cables in industry circles (NSE: PARACABLES) is one of the known Indian cable manufacturing companies. Paramount in headquartered in New Delhi. The company has a portfolio spanning a comprehensive range including HV and LV power cables, aerial bunch cables, control and instrumentation cables, thermocouple extension and compensating cables, and battery and energy cables. The company has two manufacturing units located at Dharuhera in Haryana and Khushkhera in Rajasthan.