Paramount Communications Reports Strong Financial Performance in Q2 FY25

Paramount Communications, a smallcap cable company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a score of 23 out of 100, an improvement from the previous score of 22 in the last 3 months.

According to the financials, Paramount Comm. has seen a significant growth in its net sales, which has increased by 40.98% year on year, reaching Rs 355.89 crore. The near-term sales trend is also very positive for the company. Similarly, the profit before tax less other income (PBT) has also shown a growth of 52.36% year on year, reaching Rs 26.83 crore. The near-term trend for PBT is also positive.

In terms of half-yearly results, the company’s profit after tax (PAT) has grown by 34.13% year on year, reaching Rs 45.63 crore. The net sales for the quarter have also been the highest in the last five quarters, indicating a positive trend. The operating profit (PBDIT) for the quarter has also been the highest in the last five quarters, reaching Rs 31.31 crore. The operating profit margin has also shown improvement, reaching 8.80%.

On the downside, the earnings per share (EPS) for the quarter have been the lowest in the last five quarters, at Rs 0.67. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Paramount Communications has shown a positive financial performance in the quarter ending September 2024. The company’s efficiency has improved, and it has been able to settle its debtors faster. However, the declining EPS is a cause for concern and something the company needs to address in the future. Based on these financials, MarketsMOJO has given a ‘Hold’ call for the stock.