Paramount Cables Q2 Profit Rises 54% to Rs 19 Cr
By Rediff Money Desk, NEWDELHI Nov 08, 2023 12:06
Paramount Cables reports a 54% increase in consolidated net profit for Q2 FY24, reaching Rs 19.49 crore. Revenue also grew significantly.
New Delhi, Nov 8 (PTI) Wires manufacturer Paramount Cables has posted 54 per cent rise in consolidated net profit at Rs 19.49 crore for September quarter 2023-24.
It had clocked Rs 12.62 crore net profit for the year-ago period, the company said in a regulatory filing on Tuesday.
Total income rose to Rs 254.32 crore from Rs 215.68 crore in the same quarter a year ago.
Expenses were at Rs 234.82 crore as against Rs 203.5 crore in the year-ago quarter.
Paramount is one of the largest manufacturers of cables and wires in India. It produces multicore cables, low and high voltage cables, besides extra high voltage cables for industrial applications.
It had clocked Rs 12.62 crore net profit for the year-ago period, the company said in a regulatory filing on Tuesday.
Total income rose to Rs 254.32 crore from Rs 215.68 crore in the same quarter a year ago.
Expenses were at Rs 234.82 crore as against Rs 203.5 crore in the year-ago quarter.
Paramount is one of the largest manufacturers of cables and wires in India. It produces multicore cables, low and high voltage cables, besides extra high voltage cables for industrial applications.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226156445
- IFL Enterprises
- 1.30 (+ 4.84)
- 81459939
- Vodafone Idea L
- 16.79 (+ 0.66)
- 65534412
- NCL Research
- 0.95 ( -4.04)
- 31601521
- Franklin Industries
- 3.76 (+ 4.16)
- 21114586
MORE NEWS
Telco ARPU to Hit Decadal High of Rs 225 in...
Tariff hikes by major telcos will push average revenue per user (ARPU) to Rs 225 in...
![IHCL Signs...](https://im.rediff.com/80-80/money/2017/mar/21hotel3.jpg)
IHCL Signs Agreement for 200-Key Ginger Hotel...
Indian Hotels Company (IHCL) has signed an agreement for a 200-key Ginger hotel in...
![NAREDCO Urges Tax...](https://im.rediff.com/80-80/money/2022/nov/08home-loan.jpg)
NAREDCO Urges Tax Exemption Hike on Home Loans...
NAREDCO has proposed increasing the tax exemption limit on home loan interest to Rs 5...