Paras Defence Share Price Rally Continues for 2nd Day Following New Facility Opening

Paras Defence and Space Technologies Ltd’s share price rally continued for the second consecutive day, driven by the recent opening of its new optical systems testing facility in Navi Mumbai. 

New Facility for Advanced R&D

The new testing facility will serve as an advanced centre for researching and developing hyperspectral and other optical systems for space and defence applications in India. According to the company, hyperspectral optical systems, which have potential uses in areas like earth observation, automobiles, homeland security, navigation, and telecommunications, are considered the future of commercial space.

The company highlighted that the global space technology market is expected to surpass $1 trillion by the end of the next decade, growing at a rate of 7.5% annually. India’s space policy also aims to capture 10% of the global space economy by 2030.

Paras Defence and Space Technologies designs, develops, manufactures, tests, and commissions products, systems, and solutions for the defence and space sectors.

Q2FY25 Financial Results

For the second quarter of the financial year 2024-25 (Q2FY25), Paras Defence reported a 45% year-on-year increase in net profit, which reached ₹12.70 crore, compared to ₹8.76 crore in the same quarter last year. Revenue for the quarter grew by 42% year-on-year to ₹87.09 crore. Operating income (EBITDA) rose by 46% to ₹22.75 crore, while the EBITDA margin increased to 26.1% from 25.3% in Q2FY24.

Share Performance

Paras Defence share price is currently trading at ₹1,035.45, up by ₹18.55 (1.82%) as of 12:04 PM on November 26. Earlier in the day, the stock opened at ₹1,037.00, reached a high of ₹1,056.70, and a low of ₹1,015.00. Over the past 6 months, the stock has risen by ₹142.75, or 15.96%, reaching ₹1,037.45. Year-to-date, it has surged by ₹281.60, a gain of 37.26%. Looking at the past year, the stock has grown by ₹339.70, reflecting an increase of 48.51%, with the current price standing at ₹1,039.90.

The company’s market capitalisation stands at ₹4.17K crore, with a P/E ratio of 89.06. Over the past year, the stock has seen a 52-week high of ₹1,592.70 and a low of ₹610.00.

About Paras Defence and Space Technologies

Paras Defence and Space Technologies (PDST) is a private company that designs, develops, manufactures, and tests a range of products and solutions for the defence and space industries. The company operates in four main areas: Defence and space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.