Paramount delays ₹300 cr plant by two years, revises long-term target
Commercial production in Madhya Pradesh now starts Q1 FY28. The ₹5,000 cr revenue goal slips to FY31 as the company leans into a domestic pivot.
— 2 earlier stories on Paramount Communications Ltd. →What's new
- The ₹300 cr greenfield plant in Madhya Pradesh will begin production in Q1 FY28, two years later than previously planned.
- The plant-level revenue target of ₹500 cr has been pushed from FY27 to FY28.
- The consolidated ₹5,000 cr revenue milestone is now FY31, not FY30.
Why this matters
Two years is a long delay for a ₹300 crore plant. It pushes the company's growth engine further out and casts doubt on the revised ₹5,000 crore target for FY31. The near-term domestic pivot is strong, but it cannot mask a capacity timeline that has slipped badly.
What we're watching
- Whether the Q1 FY28 production start holds or slips again.
- Execution on the 15-20% FY27 revenue growth guidance.
- The pace of margin recovery to pre-tariff levels by year-end.
The full read
Paramount Communications just pushed its ₹300 crore Narmadapuram plant out by two years, to Q1 FY28. The company had previously targeted FY26. It has also pushed the plant's ₹500 crore revenue target from FY27 to FY28. The longer-term consolidated revenue goal of ₹5,000 crore is now FY31, not FY30.
Not yet. Not at this pace.
The delays are significant. But Paramount is not without a near-term story. Domestic revenue hit 85% of the total after a deliberate pivot from the US. Management is guiding for 15-20% revenue growth in FY27 and expects margins to recover to pre-tariff levels by year-end. The open question is whether the domestic momentum can offset the capacity crunch. A ₹300 crore plant two years late does not inspire confidence in the ₹5,000 crore target.
Questions answered
- How much did the Narmadapuram plant timeline slip?
- It slipped by two years. The plant was supposed to begin commercial production in FY26, but management now says it will start in Q1 FY28.
- What does the delay mean for Paramount's revenue targets?
- The ₹500 crore plant-level revenue target has been pushed from FY27 to FY28. The consolidated ₹5,000 crore milestone has also moved from FY30 to FY31.
- How is the company's sales mix changing?
- Domestic revenue now accounts for 85% of total sales, a sharp pivot from its earlier reliance on the US market.
- What is the outlook for fiscal 2027?
- Management has guided for 15-20% revenue growth in FY27 and expects EBITDA margins to recover to pre-tariff levels by the end of the year.
- Why did the plant timeline slip?
- The concall included Q&A on capacity constraints and working capital, but the filing does not provide a specific reason for the two-year delay.
Paramount Communications Ltd.
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All notes on PARACABLES →- 25 May 2026 · 5:30 PM IST Paramount delays ₹300 cr plant by two years, revises long-term target
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