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Paramount Communications Ltd Q1FY24; 114% rise in Profits

Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.

Financial Results:

Paramount Communications Ltd reported Revenues for Q1FY24 of ₹211.00 Crores up from ₹164.00 Crore year on year, a rise of 28.66%.

Total Expenses for Q1FY24 of ₹198.00 Crores up from ₹159.00 Crores year on year, a rise of 24.53%.

Consolidated Net Profit of ₹15.00 Crores up 114.29% from ₹7.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.65, up 80.56% from ₹0.36 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: cablesWires
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