Paramount Communications Limited

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strumental in establishing its nationwide and international presence, notably in USA. Over the years, The Company has successfully served 500+ institutional clients, expanded its reach through a networ

Rs. 3,610

LPCB-UK, and also ISO 9001, ISO 14001, and ISO 45001. Ø Paramount has an outstanding order book of Rs. 3,610 Mn as at 30 September 2023 Power Particulars Value (Rs. Mn) Railways Telecom -OFC & PIJF House

₹ 2,060

-OFC & PIJF House Wire Export sales EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully

₹ 860

JF House Wire Export sales EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initi

₹ 100

se Wire Export sales EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated t

₹ 80

e Export sales EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated the pr

₹ 390

ort sales EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated the producti

₹ 70

les EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated the production of

₹ 50

EPC projects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated the production of 66 k

₹ 3,610

rojects Others TOTAL orders as at 30th September 2023 ₹ 2,060 ₹ 860 ₹ 100 ₹ 80 ₹ 390 ₹ 70 ₹ 50 ₹ 3,610 Key Developments in H1 FY24: Ø Paramount has successfully initiated the production of 66 kV Power C

Rs. 19.79

s Private Limited, a company affiliated with the promoter's group, for a total transaction value of Rs. 19.79 Mn. Valens Technologies is known for its expertise in producing high-density polyethylene (HDPE) pip

Rs. 280.76

o more lucrative opportunities in EPC services. Notably, Valens Technologies achieved a turnover of Rs. 280.76 Mn in FY23 and has already exceeded Rs. 280 Mn in revenue for FY24. Revenue Mix H1 FY24: H1 FY24

“We expect this demand to continue in upcoming quarters, leading to strong volume growth.”

About Paramount Communications Limited

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Key Consolidated Financial Performance Snapshot

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Consolidated Financial Statement Highlights

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Consolidated Balance Sheet

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Consolidated Cashflow Statement

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Management Commentary

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Disclaimer

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Contact Details

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About Paramount Communications Limited

Ø Incorporated in the year 1955, Paramount Communications Limited (“Paramount” or “The Company”) is a prominent player in India’s wire and cable industry, renowned for manufacturing high-quality products and solutions tailored to diverse infrastructure segments. Ø Operates through 2 state-of-the-art manufacturing in Khushkhera, Rajasthan and Dharuhera, Haryana. These facilities hold certifications from various Indian and global agencies for their adherence to rigorous quality standards. facilities situated Ø Boasts of an expansive product portfolio that comprises over 25 distinct products and an impressive array of over 2,500 SKUs. This comprehensive selection comprises of top-tier products and tailored solutions designed to serve a wide spectrum of markets within the B2B and B2C segments encompassing Power, Railways, Telecom, domestic wires & cables, including specialized offerings like fire survival cables. Furthermore, Paramount also specializes in turnkey services, offering experti

Key Consolidated Financial Performance Snapshot

Revenue from Operations (Rs. Mn) 2,700.00 2,500.00 2,300.00 2,100.00 1,900.00 1,700.00 1,500.00 250.00 200.00 150.00 100.00 50.00 - 250.00 200.00 150.00 100.00 50.00 0.00 2,524.35 2,125.73 2,105.44 Q2 FY23 Q1 FY24 Q2 FY24 EBITDA (Rs. Mn) & EBITDA Margins (%) 232.16 9.13% 185.11 8.72% 169.86 7.88% Q2 FY23 Q1 FY24 Q2 FY24 EBITDA EBITDA margins PAT (Rs. Mn) & PAT Margins (%) 5.85% 126.23 6.85% 145.34 7.66% 194.89 Q2 FY23 Q1 FY24 Q2 FY24 PAT PAT margins 9.40% 9.20% 9.00% 8.80% 8.60% 8.40% 8.20% 8.00% 7.80% 7.60% 7.40% 7.20% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% CONTINUED… 5,000.00 4,500.00 4,000.00 3,500.00 3,000.00 2,500.00 2,000.00 1,500.00 1,000.00 500.00 0.00 450.00 400.00 350.00 300.00 250.00 200.00 150.00 100.00 50.00 - 400.00 350.00 300.00 250.00 200.00 150.00 100.00 50.00 0.00 Revenue from Operations (Rs. Mn) 4,629.80 3,762.99 H1 FY23 H1 FY24 EBITDA (Rs. Mn) & EBITDA Margins (%) 417.27 8.94% 7.18% 274.19 H1 FY23 H1 FY24 EBITDA EBITDA margins PAT (Rs. Mn) & PAT

Consolidated Financial Statement Highlights

Consolidated income statement Particulars (Rs.Mn) Revenue from operations Other income Q2 FY24 Q2 FY23 YoY (%) Q1 FY24 H1 FY24 H1 FY23 YoY (%) 2,524.35 2,125.73 18.75% 2,105.44 4,629.80 3,762.99 23.03% 18.89 31.08 17.27 36.16 57.49 Total revenue 2,543.24 2,156.80 2,122.71 4,665.96 3,820.48 Total expenses excluding depreciation, amortization, & finance cost EBITDA* 2,311.08 1,986.94 16.31% 1,937.61 4,248.69 3,546.29 19.81% 232.16 169.86 36.68% 185.11 417.27 274.19 52.18% EBITDA Margin % 9.13% 7.88% 125 bps 8.72% 8.94% 7.18% 176 bps Depreciation & Amortization 22.24 20.35 18.02 43.98 31.42 Finance Cost 14.92 23.29 21.75 32.94 46.29 PBT 195.01 126.23 145.34 340.35 196.49 Tax Expense 0.12 0.00 0.00 0.12 0.00 PAT 194.89 126.23 54.40% 145.34 340.23 196.49 73.16% PAT Margin % 7.66% 5.85% 181 bps 6.85% 7.29% 5.14% 215 bps Other Comprehensive Profit/Loss Net PAT 0.89 1.46 0.89 1.77 2.93 195.78 127.69 146.23 342.01 199.42 Diluted EPS 0.86 0.65 0.72 1.58 1.01 *EBITDA is calculated including Other

Consolidated Balance Sheet

Particulars (Rs. Mn.) 30.09.23 31.03.23 Particulars (Rs. Mn.) 30.09.23 31.03.23 Assets Equity & Liabilities Non-Current Assets Shareholder's Funds Property, Plant & Equipment 1,261.00 976.39 Equity Share Capital Capital Work-in-Progress Right of Use Assets Intangible Assets Financial Assets - Loans - Other Financial Assets Other Non-Current Assets 10.60 286.36 9.78 0.60 158.30 40.23 0.00 289.09 10.87 0.33 97.72 10.24 Total Non-Current Assets 1,766.87 1,384.64 Other Equity 477.37 388.37 3,501.06 2,562.45 Total Shareholder's Funds 3,978.43 2,950.82 Non-Current Liabilities Financial Liabilities - Long-Term Borrowings 491.27 1,123.20 - Lease Liabilities Provisions Deferred Tax Liabilities Current Assets Inventories Investments Trade Receivables Cash & Cash Equivalents Bank Balance other than Cash Loans Other Financial Assets Current Tax Assets (Net) Other Current Assets 2,125.47 1,130.96 0.00 100.20 1,990.22 1,687.69 166.73 179.74 Total Non-Current Liabilities Current Liabilities Short-ter

Consolidated Cashflow Statement

Particulars (Rs. Mn.) H1 FY24 H1 FY23 Net Cashflow from Operations Activities Net Cashflow from Investing Activities Net Cashflow from Financing Activities Net Change in Cash and Cash Equivalents (325.42) (235.64) 547.36 (13.70) 67.83 (7.89) (71.08) (11.15)

Management Commentary

Commenting on the performance of Q2 FY24, the management team of Paramount said: “We are happy to share with you our robust business and financial performance. Ø Our Revenue from Operations grew by 18.75% from Rs. 2,125.73 Mn in Q2 FY23 to Rs. 2,524.35 Mn in Q2 FY24 and by 23.03% from Rs. 3,762.99 Mn in H1 FY23 to Rs. 4,629.80 Mn in H1 FY24. This growth was led by robust demand for our products across markets and applications. Ø Our EBITDA increased by 36.68% from Rs. 169.86 Mn in Q2 FY23 to Rs. 232.16 Mn in Q2 FY24 and by 52.18% from Rs. 274.19 Mn in H1 FY23 to Rs. 417.27 Mn in H1 FY24. EBITDA margins increased by 125 bps from 7.88% in Q2 FY23 to 9.13% in Q2 FY24 and by 176 bps from 7.18% in H1 FY23 to 8.94% in H1 FY24. This was led by increase in scale of operations, and efficient cost control measures. Ø PAT increased by 54.40% from Rs. 126.23 Mn in Q2 FY23 to Rs. 194.89 Mn in Q2 FY24 and by 73.16% from Rs. 196.49 Mn in H1 FY23 to Rs. 340.23 Mn in H1 FY24. PAT margins increased by 1