Outcome of Board Meeting pursuant to Regulation 30 and 33 of SEBI ( Listing Obligations and Disclosure Requirements)Regulations, 2015
PARACABLES · price
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Paramount Communications reported standalone revenue of Rs. 1,912 Cr for FY26, up 22.8% from Rs. 1,557 Cr in FY25, driven by strong wires and cables business growth. However, profit after tax declined significantly to Rs. 60.24 Cr from Rs. 86.72 Cr, a 30.5% drop, primarily due to rising raw material costs, doubled finance costs (Rs. 21 Cr vs Rs. 11 Cr), and one-time impacts from new labour code adjustments (Rs. 2.52 Cr). Operating cash flow turned negative at Rs. -42 Cr compared to Rs. +102 Cr in the prior year, mainly due to a sharp rise in trade receivables (Rs. 413 Cr vs Rs. 201 Cr) and higher inventory build-up. The company also divested its wholly-owned subsidiary Valens Technologies in November 2025. Statutory auditors issued an unmodified opinion. The Board reappointed Cost and Internal Auditors for FY27.
The stock may face pressure due to PAT decline and negative operating cash flows despite revenue growth. Rising working capital requirements and borrowings indicate cash flow stress, though the clean audit opinion provides comfort.