Transcript of Investor Call held on 25.05.2026

Paramount Communications hosted its Q4 & FY26 earnings conference call. The company reported FY26 revenue of INR 1,912 crores (up 23% YoY) with EBITDA of INR 117.5 crores (6% margin) and PAT of INR 60 crores. Q4 showed strong recovery with revenue of INR 573 crores and EBITDA margin improving to 6.7% from 4.3% in Q3. The year was impacted by US tariff disruptions (10% to 50% during FY26), but the US Supreme Court invalidated these tariffs in Feb-Apr 2026, restoring India's competitive position. Management stated domestic business grew 27% to INR 1,361 crore, offsetting export weakness. The order book stood at INR 583 crores with power cable orders at a record INR 466 crores (up 66% YoY). The company guided for 15-20% top-line growth in FY27 and expects to return to FY25 margin levels by end of FY27. The Narmadapuram greenfield project (INR 300 crore) is on track for Q1 FY28 operations.