Paras Defence Q3 Results Date Announced — Check Key Details Here

Paras Defence Q3 Results: Private defence and space technology player Paras Defence and Space Technologies Ltd. is set to announce its October-December quarter result this week.

A key player in India’s defence and space sector, the company offers a wide range of products and solutions in both industries. The business has two verticals — optics and optronics systems, and defence engineering (comprising defence electronics, EMP protection solutions and heavy engineering). With a 600+ workforce, Paras Defence and Space Technologies has a market cap of nearly Rs 4,000 crore.

Here is everything you need to know about Paras Defence and Space Technologies Q3 results.

Paras Defence and Space Technologies in a stock exchange filing on Feb. 1 said that the company will declare its Q3 results on Saturday, Feb. 8, following a meeting of its board of directors.

“We hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, February 08, 2025, inter alia, to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company along with Limited Review Report of the Statutory Auditors for the quarter ended December 31, 2024,” Paras Defence said. 

Shares of Paras Defence and Space Technologies Ltd. have seen some correction over the past few months. The stock has slipped more than 2.5% over the past five trading sessions, falling around 7% in the last month.

Over the last six months, the share price of the aerospace and defence company stumbled nearly 20%. In contrast, it has gained 27% in a year. 

Paras Defence and Space Technologies Ltd. witnessed a robust financial performance in the second quarter of the ongoing financial year, recording a 45% year-on-year rise in its net profit. The defence firm reported a consolidated net profit of Rs 12.7 crore in Q2 up from Rs 8.76 crore in the corresponding quarter of the last financial year. This was over the Rs 11-crore estimate by analysts tracked by Bloomberg.

The company's revenue saw a 42% YoY upsurge to Rs 87.09 crore. Ebitda rose 46% YoY to Rs 22.75 crore while Ebitda margin expanded to 26.1% from Rs 25.3% in Q2 of FY 24.