Paramount Textile’s profit drops by 19% in Q2 amid lower revenue

Paramount Textile, a listed textile firm, has reported that its consolidated profit in the second quarter of the current fiscal year fell by 19% year-on-year due to a decline in revenue. 

During the October-December period, its consolidated profit declined to Tk20.77 with an earnings per share (EPS) of Tk1.16.

At the same time of the previous fiscal years, its profit was Tk25.79 crore and an EPS of Tk1.44, according to its disclosures published on the stock exchanges website today (11 March). 

Following the disclosures, Paramount Textile's shares dropped by 3.95% to Tk51.10 each at the Dhaka Stock Exchange. 

In an explanation about declining profit, it said revenue decrease in this period in comparison with the corresponding period of last year."

How much revenue declined, it was not confirmed as it yet to publish its financials statements. 

Meanwhile, in the first half of 2025-26 fiscal year, its profit declined by 4.23% to Tk42.27 crore, and EPS stood at Tk2.36. 

In H1 of FY25, its profit was Tk4.06 crore and EPS was Tk2.46, its disclosure said. 

The consolidated net operating cash flow per share for H1 declined to Tk3.26 as against Tk5.03 for the July-December of the previous fiscal year. 

While its consolidated net asset value per share stood at Tk45.06 as of 31 December. 

It said cash flow significantly lower because of lower revenue collection compare to the same period of the last year.