Paras Defence and Space Technologies Ltd. on Monday reported a 143% year-on-year advance in net profit for the first quarter of this financial year.
The defence products manufacturer recorded a net profit of Rs 14.11 crore for the quarter-ended June, as compared to Rs 5.81 crore in the same quarter of the previous fiscal, according to its stock exchange notification.
Revenue increased by 73% year-on-year for the three months ended June, reaching Rs 83.57 crore.
Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 123% year-on-year to Rs 24.12 crore. The Ebitda margin expanded to 28.9% from 22.4% in the same period the previous year.
Shares of the company were trading 3.10% higher at Rs 1,288 per share, as compared to a 2.68% decline in the NSE Nifty 50. The stock has risen 70.47% year-to-date and 104.71% over the past 12 months.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
