Paramount Cables profit at RS19 cr

New Delhi: Wires manufacturer Paramount Cables has posted 54 per cent rise in consolidated net profit at Rs 19.49 crore for September quarter 2023-24. It had clocked Rs 12.62 crore net profit for the year-ago period, the company said in a regulatory filing on Tuesday. Total income rose to Rs 254.32 crore from Rs 215.68 crore in the same quarter a year ago. Expenses were at Rs 234.82 crore as against Rs 203.5 crore in the year-ago quarter. Paramount is one of the largest manufacturers of cables and wires in India.