Hot Pursuit     05-Aug-24
Paras Defence spurts as Q1 PAT zooms to Rs 15 cr
Paras Defence and Space Technologies rallied 3.45% to Rs 1,295 after the company reported a consolidated net profit of Rs 14.85 crore in Q1 FY25, steeply higher than Rs 6.01 crore posted in Q1 FY24.

Revenue from operations soared 72.95% to Rs 83.57 crore in Q1 FY25 as against with Rs 48.32 crore recorded in corresponding quarter last year.

Profit before tax surged to Rs 19.50 crore in the June quarter as compared to 7.83 crore reported in Q1 FY24.

Total expenses spiked 56.34% year on year to Rs 64.63 crore in Q1 FY25. Cost of material consumed stood at Rs 28.79 crore (up 109.38% YoY), employee benefit expenses were at Rs 8.83 crore (up 19.97% YoY) during the quarter.

The company’s revenue from optics and optronic systems stood at Rs 38.57 crore (up 101.52% YoY) while income from defence engineering was at Rs 45 crore (up 54.22% YoY) during the period under review.

Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals – defence and space optics, defence electronics solutions, and heavy engineering. As on 30 June 2024, the Government of India held 58.94% in the company.

Previous News
  Paras Defence and Space Technologies consolidated net profit declines 31.76% in the December 2023 quarter
 ( Results - Announcements 09-Feb-24   14:31 )
  Paras Defence allots 12.93 lakh equity shares under QIP issue
 ( Corporate News - 08-Oct-24   15:11 )
  Paras wins contract from IRDE, Ministry of Defence
 ( Corporate News - 31-Jan-24   20:10 )
  Paras Defence gains after MoU with Maharashtra Govt for Rs 12,000-cr optics park
 ( Hot Pursuit - 23-Jan-25   10:16 )
  Paras Defence and Space Technologies wins order of Rs 142 cr
 ( Corporate News - 20-Mar-25   09:11 )
  Paras Defence soars after receiving contract worth Rs 142 crore from CHESS
 ( Hot Pursuit - 20-Mar-25   09:25 )
  Board of Paras Defence and Space Technologies approves sub-division of shares
 ( Corporate News - 30-Apr-25   16:21 )
  CEAT Ltd leads gainers in 'A' group
 ( Hot Pursuit - 30-Apr-25   12:00 )
  Board of Paras Defence approves acquisition of majority stake in Ayatti Innovative
 ( Corporate News - 20-Aug-22   16:02 )
  ICRA revises long-term rating outlook of Paras Defence to 'positive'
 ( Hot Pursuit - 17-Jun-25   13:19 )
  Paras Defence and Space Technologies spurts after subsidiary get shortlisted for PLI scheme
 ( Hot Pursuit - 21-Apr-22   12:36 )
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