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Paramount Communications Ltd. 17 Nov 2025 16:16 PM
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Q2FY26 Quarterly Result Announced for Paramount Communications Ltd.

Wires & Cables company Paramount Communications announced Q2FY26 results

  • Revenue: Rs 428.0 crore against Rs 355.9 crore during Q2FY25, change 20.3%.
  • EBITDA: Rs 25.8 crore against Rs 33.6 crore during Q2FY25, change -23.1%.
  • EBITDA Margin: 5.8% for Q2FY26.
  • PAT: Rs 13.3 crore against Rs 20.3 crore during Q2FY25, change -34.8%.
  • PAT Margin: 3.0% for Q2FY26.
  • EPS: Rs 0.43 for Q2FY26.

Management Commentary: Paramount Communications Limited reported revenue from operations of Rs 428 crore in Q2FY26, up 20.3% YoY over Rs 355.9 crore in Q2FY25.

EBITDA stood at Rs 25.8 crore with a margin of 5.8%, compared to 9.4% in Q2FY25. PAT was Rs 13.3 crore, translating to a PAT margin of 3.0% in Q2FY26.

During April ’25, the US Administration increased tariff on imports from India by 10% which was further increased to 25% on 2nd August ’25. Further on India, a penal oil tariff of 25% was also imposed.

As the company has substantial revenue from USA exports (more than 40% share in H1FY26) which is being exported on DDP basis, the company had to bear a substantial part of this increase in tariff on goods under transit, finished goods and goods under production. Furthermore, for new orders we are facing stiff competition from other countries at lower tariff structures. As a result, the company’s margins are under pressure in the short term. We are actively working to de-risk ourselves from this situation by covering the export deficit from our domestic market, while also reviewing the dynamic trade situation between both countries. The company expects impact on its revenue and profitability to be temporary.

The domestic market remained strong during the quarter which helped us sail through the period and we anticipate stronger demand in the coming months driven by the expanding renewables sector and continued capex in power generation and transmission. There is also improvement in demand for the railway and telecom products of the company.

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Commercial Vehicles company Ajax Engineering announced Q2FY26 results

  • Revenue from Ops: Rs 445 crore against Rs 301 crore during Q2FY25, change 48%.
  • EBITDA: Rs 45 crore against Rs 39 crore during Q2FY25, change 16%.
  • EBITDA Margin: 10.2% for Q2FY26.
  • PAT: Rs 39 crore against Rs 34 crore during Q2FY25, change 15%.
  • PAT Margin: 8.8% for Q2FY26.

Shubhabrata Saha, Managing Director & CEO, Ajax Engineering, said: “After a steady performance last year, the last couple of quarters have been a period of transition. Unseasonal rains, change in emission norms, and slower project execution affected demand temporarily. However, Ajax delivered 48% YoY revenue growth in Q2 and 18% in H1 and volume growth remains robust across both SLCM and non-SLCM categories. While increased cost of production and changes in revenue mix impacted margins, operating leverage and efficiency measures are expected to aid profitability in the second half of FY26. We remain confident in the long-term growth trajectory and our leadership position in the concrete equipment industry.”

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Industrial Goods company Diffusion Engineers announced Q2FY26 results

  • Revenue from operations for the financial year was Rs 835.66 million in Q2FY26, as against Rs 824.67 million in Q2FY25, YoY increase of 1.33%, reflecting a year-on-year improvement and a solid base for future expansion. The company continued to demonstrate its resilience and potential for sustained growth.
  • EBITDA (excluding Other Income) was at Rs 123.67 million in Q2FY26 as against Rs 126.82 million in Q2FY25.
  • EBITDA Margin (Excl. Other Income) for the quarter at 14.80%.
  • Profit after Tax stood at Rs 101.65 million in Q2FY26 compared to Rs 85.07 million in Q2FY25, YoY increase of 19.49%.

Prashant Garg, Chairman & Managing Director, Diffusion Engineers, said: “During the Second quarter ended 30th September 2025, we recorded revenue of Rs 835.66 million, EBITDA (excluding other income) of Rs 123.67 million, and PAT of Rs 101.65 million representing an increase of 19.48% over Q2FY24. For the first half of FY26, we achieved Revenue Of Rs 1642.31 million representing a growth of ~7% over H1FY24 and PAT of Rs 224.30 million Representing a growth of ~42% increase on a YoY basis.

We are pleased to share that Diffusion Engineers Limited has received significant orders in the last two quarters, further strengthening our order book and enhancing revenue visibility. Our healthy order book of over Rs 170 crore driven by strong demand for Roll Press Rolls for the cement sector and heavy engineering applications reflects the confidence that customers place in our engineering capabilities, product reliability, and long-standing industry relationships. These developments position us well for sustained growth in the coming quarters.

With new capacities scheduled to come online in FY26E and the completion of our ongoing capex, we are targeting to double our topline in the medium to long term. We also expect EBITDA margin expansion, supported by economies of scale, improved operating leverage, and an enhanced product mix driven by higher-value manufacturing.

Looking ahead, with a robust order book, healthy demand across core sectors, and our ongoing operational initiatives, we are confident of delivering sustainable growth and improved profitability in the coming quarters. I extend my sincere gratitude to every member of the Diffusion family, our valued clients, creditors, bankers, financial institutions, and all other stakeholders. Your trust and support continue to inspire us to strive harder and achieve greater milestones.

Thank you for your continued faith in Diffusion Engineers”

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Industrial Products company Everest Kanto Cylinder announced Q2FY26 results

  • Income from operations: Rs 360.4 crore against Rs 367.3 crore during Q2FY25.
  • EBITDA: Rs 42.9 crore against Rs 53.1 crore during Q2FY25.
  • EBITDA Margin: 11.9% for Q2FY26.
  • PBT: Rs 32.2 crore against Rs 44.6 crore during Q2FY25.
  • PAT: Rs 13.7 crore against Rs 38.6 crore during Q2FY25.
  • PAT Margin: 3.8% for Q2FY26.

Pushkar Khurana, Chairman & Executive Director, & Puneet Khurana, Managing Director, said: “We reported a steady performance in Q2. In our CNG segment, demand in India was temporarily affected by the GST transition within our end-user automotive industry, resulting in a short-term impact on domestic volumes. Activity has since normalised as the industry moved into October, and underlying demand indicators remain supportive. Our Industrials business continued to perform in line with expectations.

In our US operations, quarterly trends reflected the order-driven nature of the business. While dispatches during the quarter were lower, the segment remains healthy on an H1 basis, and the outlook for the region in the second half remains strong, supported by a robust order book. Our operations in the Middle East also showed early signs of improvement during the quarter.

On the expansion front, we are progressing well with our new facilities at Mundra and Egypt. The Egypt plant is preparing to begin trial production shortly, and construction at Mundra continues to advance as planned. Both facilities remain on track and will significantly enhance our manufacturing capabilities in the coming year, enabling us to better serve domestic and international markets.

With growing opportunities across clean energy and industrial applications, coupled with greater visibility in our order pipeline, we remain confident about our future growth prospects. Our efforts remain centred on advancing our capabilities, improving operating efficiency, supporting customers across domestic and international markets, and strengthening our leadership position in India.”

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Roads & Highways company Ashoka Buildcon announced Q2FY26 results

  • Total Income: Rs 1,302.6 crore against Rs 1,458.9 crore during Q2FY25, change -11%.
  • EBITDA: Rs 159.8 crore against Rs 160.3 crore during Q2FY25, change 0%.
  • PBT: Rs 57.2 crore against Rs 64.8 crore during Q2FY25, change -12%.
  • PAT: Rs 139.2 crore against Rs 36.2 crore during Q2FY25, change 284%.
  • Consolidated Debt is Rs 4,910 crore.

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Castings & Forgings company Balu Forge Industries announced Q2FY26 results

  • Revenue from Operations: Rs 2,995 million against Rs 2,229 million during Q2FY25, change 34.4%.
  • EBITDA: Rs 828 million against Rs 652 million during Q2FY25, change 27.0%.
  • EBITDA Margin: 27.6% for Q2FY26.
  • PAT: Rs 650 million against Rs 480 million during Q2FY25, change 35.5%.
  • PAT Margin: 21.5% for Q2FY26.
  • EPS: Rs 6.08 for Q2FY26.

Jaspal Singh Chandock, Chairman & Managing Director, BFIL, said: “Revenue from Operations in Q2FY26 was Rs 2,995 million, an increase of 34.4% YoY. EBITDA for the quarter was Rs 828 million, with an EBITDA margin of 27.6%, while PAT was Rs 650 million, reflecting a margin of 21.5%. For H1FY26, Revenue from Operations was Rs 5,327 million, up 33.8% over H1FY25, with EBITDA of Rs 1,551 million and PAT of Rs 1,261 million. This performance reflects steady execution and the continued strengthening of Balu Forge’s integrated manufacturing platform.

The greenfield facility at Hattargi, Karnataka, is advancing as planned and remains central to our ongoing expansion. The plant integrates captive forging and precision machining under one setup, improving efficiency and output. Commissioning of the 25-ton closed-die forging hammer, 8,000-ton mechanical press, and automated machining lines is progressing on schedule. When fully operational, total forging and machining capacities will increase to 150,000 tons and 80,000 tons per year, respectively.

The defence division remains a key focus. The dedicated forging and machining line for Empty Shell production, with a capacity of 360,000 shells per year is in the commercialization phase. The company has vendor approvals from leading Indian defence players and continues to add new products across artillery, armoured vehicle and engine components, strengthening its role in India’s defence manufacturing ecosystem.

We continue to focus on disciplined execution and capacity readiness as we scale operations across forging and machining. The Hattargi facility will strengthen our fully integrated manufacturing base and improve our ability to serve complex, high-value applications. With defence production entering the commercialization stage and capacity expansion on track, Balu Forge is positioned to drive the next phase of growth through scale, technology, and customer diversification.”

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Iron & Steel Products company Godawari Power & Ispat announced Q2FY26 results

  • Net Sales: Rs 1,308 crore against Rs 1,268 crore during Q2FY25, change 3%.
  • EBITDA: Rs 260 crore against Rs 247 crore during Q2FY25, change 5%.
  • EBITDA Margin: 20% for Q2FY26.
  • PBT: Rs 231 crore against Rs 218 crore during Q2FY25, change 6%.
  • PAT: Rs 161 crore against Rs 159 crore during Q2FY25, change 1%.
  • PAT Margin: 12% for Q2FY26.
  • EPS: Rs 2.61 for Q2FY26.

B.L. Agrawal, Chairman & Managing Director, said: “I am pleased to share that H1FY26 has been marked by steady performance and solid operational progress. Revenues remained stable, supported by higher pellet and galvanized product volumes, while EBITDA and PAT margins stood healthy at 22% and 14% despite softer realizations. We also made significant progress on key strategic initiatives, including completing the public hearing for the Ari Dongri mine expansion, approving additional 250MW Solar Power Project, advancing the 0.7 milllion T CRM Complex, and moving forward with the Battery Energy Storage project, by securing the required land for these developments. Coupled with a strong net cash position, on-going capacity expansion, and a firm ESG commitment, we are well-positioned for sustainable value creation— reinforced by efficiency gains, solar-led cost savings, and the strategic advantage of our captive iron ore resources.”

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Heavy Electrical Equipment company Bajel Projects announced Q2FY26 results

  • Total Revenue from Operations: Rs 614 crore against Rs 662 crore during Q2FY25, change -7%.
  • EBITDA: Rs 30 crore against Rs 22 crore during Q2FY25, change 36%.
  • EBITDA Margin: 4.8% for Q2FY26.
  • PBT: Rs 8 crore against Rs 7 crore during Q2FY25, change 18%.
  • PAT: Rs 6 crore against Rs 4 crore during Q2FY25, change 62%.

Rajesh Ganesh, MD & CEO, Bajel Projects, said: “Our operational performance this quarter reflects the dedicated effort on execution and improving efficiency. While we have achieved a meaningful improvement in EBITDA, interest costs continue to remain a concern. Our proactive strategy is to continue the effort on timely execution and manage working capital more efficiently. We are L1 in multiple tenders and are expecting orders in Q3 and Q4. Our core focus remains on execution, bottom line and quality of the order book.”

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Consumer Electronics company HPL Electric & Power announced Q2FY26 results

  • Revenue for Q2FY26 grew 3% YoY to Rs 434.45 crore, change 2.87% YoY.
  • EBITDA: Rs 65.90 crore against Rs 60.58 crore during Q2FY25, change 8.79%
  • EBITDA margin improvement ( 83 bps YoY to 15.17%).
  • Profit After Tax (PAT) increased 3.58% in Q2FY26 to Rs 22.36 crore, change 3.58% YoY.
  • EPS: Rs 3.46 for Q2FY26.

Gautam Seth, Joint MD & CFO, said: “Our Q2 and H1 FY26 performance underscores the resilience of our model and an unmistakable tilt towards margin-led growth. While revenues were broadly stable, gross and EBITDA margins expanded further, with EBITDA holding above 15 percent and PAT margin around 5 percent. This has been driven by a sharper business mix: the Consumer & Industrial franchise grew 30 percent in Q2 and 23 percent in H1, now accounting for about 47 percent of revenues, with wires & cables and domestic switchgear leading the way and our Lighting portfolio returning to healthy double-digit growth after a softer phase.

Smart metering remains our principal growth engine. We carry an order book of over Rs 3,300 crore, more than 98 percent of which is metering and almost entirely smart meters. The moderation in metering revenues this quarter was largely a function of inspection and dispatch timing rather than demand. Execution has already improved sequentially, and we expect a further step-up between November and March as AMISP-led roll-outs gather pace and our expanded assembly and component capacities are fully utilised.

At the same time, we are steadily strengthening the HPL brand and franchise. In the first half, we invested Rs 7.7 crore in advertising and promotion ( around 2 percent of Consumer & Industrial sales)– across sports partnerships, exhibitions, activations and electrician engagement programmes, and we plan to scale this further in the second half. Our pan-India network of over 900 authorised dealers and 85,000 retailers, underlines the growing depth of our distribution and the strength of our balance sheet. We remain focused on driving profitable growth, improving cash conversion and enhancing the quality and resilience of our earnings.”

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Electronic Components company RIR Power Electronics announced Q2FY26 results

  • Revenue from Operations stood at Rs 25.64 crore, as compared to Rs 18.82 crore in Q2FY25.
  • EBITDA was Rs 4.36 crore as against Rs 2.46 crore in Q2FY25.
  • EBITDA margin of 17.01% compared to 13.09% in Q2FY25.
  • Profit After Tax (PAT) was Rs 3.15 crore (Rs 1.53 crore Q2FY25) with a PAT margin of 11.97% (vs 7.96% Q2FY25).

Harshad Mehta, Non-Executive Chairman, RIR Power Electronics, said: “Our Q2FY26 performance reflects operational resilience underscoring our commitment to steady, quality led growth and continue the process of strategic transition. Revenue growth remains strong, supported by strategic investments to scale operations, enhance efficiency, and strengthen customer relationships in key sectors.

“The Rs 618 crore Silicon Carbide semiconductor facility at Bhubaneswar is well on its way and is proving to be very significant in our plan of making India a self-sufficient country when it comes to high-performance power electronics. The facility will not only help RIR Power Electronics to meet the increasing demand in the areas of electronics, renewable energy, railways and defense applications. Operationally, we continue to focus on cost optimization, capacity expansion, increasing capacities and upgrading of technology. There is a positive expectation of gradual increase in the profit margin during the next few quarters as our recent investments are reflected in production and new customer acquisition.”

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