Paramount Communications’ FY22 Financial Results: Income Up 12%, PAT Up 164%
Paramount Communications Limited [NSE: PARACABLES, BOM: 530555], an Indian wire and cable manufacturing company, has announced its financial results for the quarter ended 31st March 2022.
Paramount’s Consolidated Financial Results Comparison
Paramount’s YoY Financial Comparison: Q4 FY-21 vs Q4 FY-22 & FY-21 vs FY-22
Paramount Communication’s total income recorded during the last quarter of FY-22 was Rs 184.77 crore. This is an 11.98% YoY increase from the company’s total income in Q4 of FY-21, which was Rs 165 crore.
The company’s Q4 PAT soared by 88.76% to Rs 4.86 crore in FY-22 from Rs 2.57 crore in FY-21.
Considering the entire fiscal, Paramount recorded a total income of Rs 584.67 crore in 2021-2022, which is 12.05% higher than Rs 521.76 crore clocked during 2020-2021.
PAT for FY-22 was Rs 8.20 crore, which is a staggering 164.66% higher than Rs 3.10 crore profit earned by the company in FY-21.
Paramount Communication’s Results: Q3 FY22 vs Q4 FY22
QoQ comparison of Paramount’s financials shows that there has been an increase of 12.68% in the company’s total income from Rs 163.97 crore in Q3 to 184.77 in Q4 of FY-22.
PAT also rose by 78.01% from Rs 2.73 crore during the third quarter of FY-22.
About Paramount Communications Ltd.: Paramount Communications Ltd., also known as Paramount Cables within the industry, is an Indian cable manufacturing company with its headquarters in New Delhi. The company’s range of products includes HV and LV power cables, aerial bunch cables, control and instrumentation cables, thermocouple extension and compensating cables, and battery and energy cables. Paramount has two manufacturing facilities, one in Khushkhera, Rajasthan and the other in Dharuhera, Haryana.