Shares of Paras Defence and Space Technologies Ltd were in sharp focus on Friday, rallying nearly 10% after the company posted a robust September-quarter performance shortly before Thursday’s market close.
As of 11:37 am, the stock was trading at ₹786.50, up 9.4%, after hitting an intraday high of ₹790 on the NSE.
The company reported a 50% year-on-year rise in Q2 net profit to ₹21 crore, compared with ₹14 crore in the same quarter last year, supported by strong execution across its optics, defence electronics and space engineering businesses.
Revenue grew 21.8% YoY to ₹106 crore, reflecting sustained order momentum and steady delivery progress across key segments.
EBITDA rose 32% YoY to ₹30 crore, up from ₹22.7 crore, indicating improved operating efficiency. The EBITDA margin expanded to 28.3%, from 26.1% a year earlier, driven by better cost control and a more favourable business mix.
The strong Q2 print has boosted investor sentiment, with the stock extending gains through the morning session.
