Paras Defence & Space Technologies Ltd. reported a 74.3% year-on-year rise in net profit for the fourth quarter of the last financial year.
The defence firm recorded a consolidated net profit of Rs 34.4 crore for the quarter ended March, compared to Rs 19.7 crore in the same quarter of the previous fiscal, according to its stock exchange notification.
Revenue increased by 58.3% year-on-year for the three months ended March, reaching Rs 171.3 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 50.6% year-on-year to Rs 50.6 crore. The Ebitda margin contracted to 24.9% from 26.1% in the same period the previous year.
Parar Defence Q4 Result Highlights (Cons, YoY)
- Net Profit up 74.3% at Rs 34.4crore versus Rs 19.7 crore.
- Revenue up 58.3% at Rs 171.3 crore versus Rs 108.2 crore.
- Ebitda up 50.6% at Rs 42.6 crore versus Rs 28.3 crore.
- Margin at 24.9% versus 26.1%.
Paras Defence Dividend
The company on Wednesday has announced a second ever dividend of Rs 1 per share. The dividend is subject to approval at the annual general meeting of the company. Other details like the record date and the date on which the dividend will be delivered will be announced later.
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