Shares of Paras Defence and Space Technologies are in the spotlight after they announced exciting news on Friday. The company had a great end to March (Q4FY25), showing that its profits jumped by a massive 97% compared to last year. Their net profit was Rs 19.7 crore, up from Rs 10 crore last year.
Their revenue also rose by 36%, reaching Rs 108.2 crore, up from Rs 79.7 crore in the same time last year. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) showed an impressive increase, rising to Rs 28.3 crore from Rs 3.4 crore a year ago. This means their profit margin improved to 26.2%, up from 15.6%.
In addition to these positive results, the company also announced a stock split. This means they are dividing each share worth Rs 10 into two shares worth Rs 5 each. The date for this split will be shared later.
Earlier this month, Paras Defence partnered with MicroCon Vision from Israel to boost India’s defense and drone technology. The company will be the exclusive provider of advanced drone camera systems in India, offering them at lower prices while increasing local production.
Earlier in the year, they received permission to make light machine guns, adding to their growing product line.
Stock Performance
On Wednesday, Paras Defence shares closed at Rs 1,365, marking a 2.1% increase, while the Sensex share index fell slightly. The stock has risen by 36% this year and by 88% over the last year, and the company is now valued at Rs 5,501 crore.
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