Paras Defence and Space Technologies exhibited robust financial performance in the recent quarter, reporting consolidated net sales of Rs 61.31 crore in September 2023, marking a notable increase of 10.09% from the previous year’s Rs. 55.69 crore.
Quarterly net profit also demonstrated substantial growth, reaching Rs. 9.42 crore in September 2023, reflecting an 11.08% rise from Rs. 8.48 crore in September 2022. The company’s EBITDA stood at Rs. 16.64 crore in September 2023, marking a significant uptick of 9.98% from the previous year’s Rs. 15.13 crore. Paras Defence’s earnings per share (EPS) saw a healthy increase, reaching Rs. 2.42 in September 2023 compared to Rs. 2.17 in the corresponding period of the previous year.
As of November 06, 2023, Paras Defence shares closed at 717.60 on the NSE, delivering impressive returns of 34.38% over the last 6 months and 9.93% over the last 12 months, showcasing the market’s confidence in the company’s growth prospects.
However, in the current trading session, the shares were observed to be trading 1.19% lower at ₹709.05, reflecting the typical market fluctuations while not diminishing the company’s overall strong performance in the recent quarter.
