[ad_1]
For the September quarter of 2023-2024, wire manufacturer Paramount Cables reported a 54 per cent rise in overall net profit. The company said in a stock exchange filing that it made a net profit of Rs 12.62 crore in the same quarter last year.
Upper Circuit Stock: Shares of Paramount Communications hit upper circuit for the third consecutive session on Monday. The scrip opened with a gain of 4.85 per cent today and went on to touch 5 per cent upper circuit.
The stock has been gaining for the last four days and has risen 15.93 per cne in the period.In last one year, this multibagger stock has risen to the tune of 240 per cent. In two year, the counter has made investors wealthier by 417.53 per cent.
Paramount Communications Financials
For the September quarter of 2023-2024, wire manufacturer Paramount Cables reported a 54 per cent rise in overall net profit. The company said in a stock exchange filing that it made a net profit of Rs 12.62 crore in the same quarter last year. Total income jumped by 17.91% YoY, from Rs 215.68 crore in Q2FY23 to Rs 254.32 crore in Q2FY24.
Expenses for Q2FY24 were Rs 234.82 crore, compared to Q2FY23’s Rs 203.5 crore. Paramount Communications has a robust, diverse order book valued at Rs 361 crore as of September 30, 2023.
