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
  Nifty holds 23,000 level; media shares rally for 3rd day
 ( Market Commentary - Mid-Session 20-Mar-25   10:30 )
  Paras Defence and Space Technologies consolidated net profit rises 47.13% in the September 2024 quarter
 ( Results - Announcements 28-Oct-24   16:56 )
  Paras Defence and Space Technologies Ltd leads gainers in 'A' group
 ( Hot Pursuit - 04-Jul-25   12:00 )
  Board of Paras Defence and Space Technologies approves sub-division of shares
 ( Corporate News - 30-Apr-25   16:21 )
  Paras Defence and Space Technologies to consider stock split
 ( Corporate News - 25-Apr-25   09:26 )
  Paras Defence board to mull stock split proposal on April 30
 ( Hot Pursuit - 25-Apr-25   09:52 )
  Paras Defence & Space Techs. to table results
 ( Corporate News - 25-Apr-25   10:37 )
  Paras Defence and Space Technologies consolidated net profit rises 147.09% in the June 2024 quarter
 ( Results - Announcements 05-Aug-24   15:42 )
  Paras Defence & Space Techs. schedules board meeting
 ( Corporate News - 04-Feb-22   16:01 )
  Paras Defence receives affirmation in credit ratings from CRISIL
 ( Corporate News - 11-Sep-24   11:33 )
  Paras Defence & Space Techs. to declare Quarterly Result
 ( Corporate News - 29-Jul-24   14:08 )
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