Paras Defence Announces Record Date For First Ever Stock Split
The shares of Paras Defence rose as much as 1.83% to Rs 1,637 apiece.
Paras Defence and Space Technologies has announced July 4 as the record date for the stock split. This comes after the firm received shareholders' approval for the sub-division of equity shares or stock split.
This is the first-ever stock split by Paras Defence. The defence engineering firm in April declared a 1:2 stock split and its first-ever dividend of Rs 0.50 per share during its fourth quarter earnings.
According to the exchange filing, 99.99% of the shareholders approved the decision at the Annual General Meeting on June 7.
The promoter and promoter group and public institutions voted 100% in favour of the proposal. Public non-institutions supported the move 99.91%.
Paras Defence's consolidated net profit doubled during the quarter ended March 31, 2025, to Rs 20.8 crore for the fourth quarter of fiscal 2025 as compared to Rs 9.6 crore for the same period last year.
The defence engineering firm's revenue soared 36% to Rs 108.2 crore for the quarter under review from Rs 79.7 crore for the year-ago period. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 127% year-on-year to Rs 27.9 crore. The Ebitda margin expanded to 25.8%.
Paras Defence Share Price
The shares of Paras Defence rose as much as 1.83% to Rs 1,637 apiece. It pared gains to trade 0.21% higher at Rs 1,610.90 apiece, as of 12:33 p.m. This compares to a 0.10% advance in the NSE Nifty 50 Index.
It has risen 83.18% in the last 12 months and 59.81% year-to-date. Total traded volume so far in the day stood at 2.69 times its 30-day average. The relative strength index was at 55.19.
An analyst tracking the company recommends a 'hold,' rating according to Bloomberg data. The average 12-month consensus price target implies an downside of 5.7% from the current market price.
