Paras Defence reported a 97% jump in its net profit to ₹19.7 crore from the ₹10 crore bottomline it reported during the same quarter last year.
Revenue for the company went up by 35.8% from the year-ago period to ₹108.2 crore. Topline for last year’s quarter stood at ₹79.7 crore.
Paras Defence’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹28.3 crore from ₹3.4 crore last year, while margins expanded by nearly 10 percentage points to 26.2% from 15.6% last year.
Additionally, the company’s board has also approved splitting one equity share which currently carries a face value of ₹10 each, into two equity shares of ₹5 each. Record date for the stock split will be informed in due course.
Earlier this month, Paras Defence had said that it has signed an MoU with MicroCon Vision Ltd., an Israel-based company under Controp and the Rafael Group, to strengthen India’s defence and drone technology sector.
Paras Defence has now become the exclusive supplier of advance drone camera technology in India, offering these systems at significantly lower costs. The company will bring high indigenous content in these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, improving the country’s self-reliance while lowering costs.
Earlier this year, the company had also received license to manufacture light machine guns.
Shares of Paras Defence had a sharp correction from the highs of the day, ending 0.5% lower before the earnings announcement. With this the stock snapped a two-day run, during which it had gained over 29%.
The stock had gained 17% on Tuesday and another 9.5% on Monday.
With today’s move, the stock has gained in six out of the last eight trading sessions.
First Published: Apr 30, 2025 1:23 PM IST
