Paramount Communications Limited has informed the Exchange about Earning Release for the Third Quarter and Nine Months Ended December 31, 2025
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Paramount Communications reported Q3 FY26 revenue of ₹460.9 crore, up 17.7% year-on-year, with nine-month revenue growing 25.4% to ₹1,340 crore. However, profitability was sharply hit — Q3 EBITDA fell 46.6% to ₹19.9 crore (margin down to 4.3% from 9.4%), and profit after tax dropped 66.9% to ₹7.5 crore. Management attributed the margin pressure to the sudden jump in US tariffs on Indian exports to 50% in August 2025, plus a one-time ₹2.52 crore provision tied to the new Labour Codes. The order book stood healthy at ₹580.9 crore as of December 31, 2025, led by power cables (₹396.3 crore) and exports (₹99.5 crore). Management expects US export margins to recover meaningfully following the removal of the Russian oil tariff and a likely reduction in the reciprocal tariff from 25% to 18%.
Strong top-line growth and a solid order book are positives, but steep YoY profit decline and US tariff exposure are concerns. Watch for margin recovery in coming quarters as tariffs ease; near-term earnings volatility likely to persist.