Paras Defence and Space Technologies delivered a healthy performance in the third quarter, reporting strong year-on-year growth across key financial metrics, driven by improved execution and steady demand in the defence and space segments.
The company’s net profit rose 21.3% YoY to ₹18.2 crore in Q3, compared with ₹15 crore in the corresponding quarter last year. This growth in profitability highlights better operational efficiency despite a slightly softer margin profile.
Revenue for the quarter increased sharply by 24% YoY to ₹106.4 crore, up from ₹85.8 crore in Q3 of the previous financial year. The robust top-line growth reflects continued traction in core defence electronics, optics, and space-related solutions, supported by sustained government and strategic sector spending.
On the operating front, EBITDA grew 19% YoY to ₹26.3 crore versus ₹22 crore last year. However, the EBITDA margin moderated to 24.7% in Q3 from 25.8% a year ago, indicating some pressure from higher costs and project mix, even as overall operating performance remained resilient.