Paras Defense Shares: There was a huge rise in the shares of Paras Defense and Space Technologies on Friday 14 November. The company’s shares jumped 10 percent to Rs 790 in early trade. This rally came after the company’s strong results for the July-September quarter.
Paras Defense said that its net profit in the September quarter increased by 50 percent year-on-year to Rs 21 crore, which was Rs 14 crore in the same quarter of its previous financial year.
The company’s revenue increased by 21.8 percent to Rs 106 during this period. The company said that better execution in all segments including defense electronics and space engineering helped it increase its profit and revenue.
Paras Defense’s operating profit (EBITDA) increased by 32 per cent to Rs 30 crore during the September quarter, compared to Rs 22.7 crore in the same quarter last year. The company’s operating profit margin also increased to 28.3 percent in the September quarter, which was 26.1 percent in the same quarter a year ago. These figures show better operational efficiency and better cost control of the company.
rise in shares
Around 1 pm, shares of Paras Defense were trading at Rs 777.50, up 8.13 per cent. Since the beginning of this year, the shares of the company have increased by about 54.32 percent. In the last one year, the price of its shares has increased by 58.29 percent.
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