Paras Defence and Space Technologies Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Small Cap

Garden Reach Shipbuilders & Engineers Ltd, J Kumar Infraprojects Ltd, Avanti Feeds Ltd and Schneider Electric Infrastructure Ltd are among the other gainers in the BSE's 'A' group today, 18 June 2024.

Paras Defence and Space Technologies Ltd surged 17.93% to Rs 1364.75 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.63 lakh shares were traded on the counter so far as against the average daily volumes of 2.48 lakh shares in the past one month.

Garden Reach Shipbuilders & Engineers Ltd spiked 11.13% to Rs 1809.05. The stock was the second biggest gainer in 'A' group. On the BSE, 2.73 lakh shares were traded on the counter so far as against the average daily volumes of 2.3 lakh shares in the past one month.

J Kumar Infraprojects Ltd soared 8.37% to Rs 889.95. The stock was the third biggest gainer in 'A' group. On the BSE, 42307 shares were traded on the counter so far as against the average daily volumes of 48665 shares in the past one month.

Avanti Feeds Ltd added 8.13% to Rs 643.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 63872 shares in the past one month.

Schneider Electric Infrastructure Ltd advanced 7.86% to Rs 874. The stock was the fifth biggest gainer in 'A' group. On the BSE, 54177 shares were traded on the counter so far as against the average daily volumes of 60253 shares in the past one month.

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JK Paper Ltd, Chemplast Sanmar Ltd, BEML Ltd and Subex Ltd are among the other gainers in the BSE's 'A' group today, 14 June 2024.

Paras Defence and Space Technologies Ltd spiked 15.33% to Rs 1112.25 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 6.91 lakh shares were traded on the counter so far as against the average daily volumes of 1.62 lakh shares in the past one month.

JK Paper Ltd surged 8.97% to Rs 486.4. The stock was the second biggest gainer in 'A' group. On the BSE, 5.23 lakh shares were traded on the counter so far as against the average daily volumes of 76431 shares in the past one month.

Chemplast Sanmar Ltd soared 8.65% to Rs 605. The stock was the third biggest gainer in 'A' group. On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 23281 shares in the past one month.

BEML Ltd advanced 8.16% to Rs 4356.95. The stock was the fourth biggest gainer in 'A' group. On the BSE, 41202 shares were traded on the counter so far as against the average daily volumes of 49846 shares in the past one month.

Subex Ltd exploded 7.69% to Rs 31.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 24.69 lakh shares were traded on the counter so far as against the average daily volumes of 7.17 lakh shares in the past one month.

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Revenue from operations increased by 24.17% QoQ to Rs 79.69 crore in Q4 FY24.

Year on year (YoY) basis, the company’s net profit declined 18.92% and revenue jumped 22.41% in Q4 FY24.

Total expenses jumped 37.98% YoY to Rs 73.09 crore in Q4 FY24. Cost of material consumed stood at Rs 40.63 crore ( up 93.85% YoY), employee benefit expenses was at Rs 8.26 crore ( up 33.01% YoY), finance cost was at Rs 2.26 crore (up 6.1% YoY).

Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals – defence and space optics, defence electronics solutions, and heavy engineering. As on 31st March 2024, the Government of India held 58.94% in the company.

The counter hit a 52-week high at Rs 912.75 in intraday today.

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Net profit of Paras Defence and Space Technologies declined 7.34% to Rs 9.97 crore in the quarter ended March 2024 as against Rs 10.76 crore during the previous quarter ended March 2023. Sales rose 22.41% to Rs 79.69 crore in the quarter ended March 2024 as against Rs 65.10 crore during the previous quarter ended March 2023.

For the full year,net profit declined 11.12% to Rs 32.06 crore in the year ended March 2024 as against Rs 36.07 crore during the previous year ended March 2023. Sales rose 13.97% to Rs 253.50 crore in the year ended March 2024 as against Rs 222.43 crore during the previous year ended March 2023.

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