Paramount Speciality Forgings Limited — Important, 16-01-2025: Updates

Paramount Speciality Forgings Limited reported strong Year-To-Date net sales of ₹80.6 Cr, significantly up from ₹47.4 Cr for the same period last year. For Q3 FY 2024-25, sales reached ₹33.2 Cr, indicating robust growth.

The company’s order book stands at ₹52 Cr, bolstered by new projects for a petrochemical major (₹4.3 Cr), export orders (₹4.5 Cr), and infrastructure projects (₹2.02 Cr). Capex plans funded through IPO proceeds are slightly ahead of schedule, aimed at boosting revenue and improving operational efficiency.

Additionally, Paramount is launching a Solar Power Project at its facility, with an estimated capacity of 800 KW to 1 MW. This initiative, partially funded by a bank loan with a 3-4 year payback period, supports sustainability efforts and aims to reduce energy costs.

The outlook remains positive, with continued focus on enhancing market presence and strengthening client relationships.