Q2 Results: Paramount Cables Q2 PAT rises 4% - Check details

Industrial wire maker Paramount Cables has announced its financial results for the second quarter (Q2FY25). According to an exchange filing, the company's consolidated profit after tax to increased Rs 20.33 crore during the quarter that ended September on account of higher income. 

This is a 4 per cent rise in its profit as the company had posted Rs 19.48 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal.

During the second quarter, the company's total income also rose to Rs 358.17 crore from Rs 254.32 crore a year ago, a 40 per cent rise.

According to the BSE website, the cable maker has a market cap of Rs 2,081  crore as of October 28.

Paramount Cables manufactures multi-core cables, low and high-voltage cables, and extra-high-voltage cables for industrial applications.

Earlier, the company approved raising funds through equity shares or other securities by issuing a qualified institutional placement for Rs 400 crore.

With PTI inputs