Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies has announced a strategic joint venture with HevenDrones Israel, an independent subsidiary of Heven - a US-based global company that is recognised for its autonomous, hydrogen-powered and mission-specific drones. The JV will establish a new entity in India to design, manufacture and supply next-generation drone systems tailored for India's defence and homeland security landscape, with long-term plans to address global markets. The JV combines Paras Defence's engineering and manufacturing ecosystem with HevenDrones' proprietary platforms. The JV will serve as the exclusive vehicle for bringing this revolutionary hydrogen-powered drone technology to India for the first time. This partnership positions the JV among the first in the country to offer ready-to-fly, proven hydrogen-powered drones with enhanced flight endurance and modular payload capabilities'designed, manufactured, and deployed from Indian soil. The JV will prioritize deployment in domains such as logistics support for remote and border regions, tactical surveillance, defence supply chains, and high-altitude missions. Both companies are contributing significant capabilities, with HevenDrones transferring intellectual property, production manuals, and working prototypes, while Paras Defence will oversee manufacturing, sales, local compliance, and operational delivery.transfer will include training programs, and governance will be overseen by a board comprising a director from each company, who will together appoint a CEO, CFO, and COO. Powered by Capital Market - Live

Net profit of Paras Defence and Space Technologies rose 97.79% to Rs 19.72 crore in the quarter ended March 2025 as against Rs 9.97 crore during the previous quarter ended March 2024. Sales rose 35.81% to Rs 108.23 crore in the quarter ended March 2025 as against Rs 79.69 crore during the previous quarter ended March 2024. For the full year,net profit rose 97.97% to Rs 63.47 crore in the year ended March 2025 as against Rs 32.06 crore during the previous year ended March 2024. Sales rose 43.85% to Rs 364.66 crore in the year ended March 2025 as against Rs 253.50 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales108.2379.69 36 364.66253.50 44 OPM %26.1415.37 -26.6620.12 - PBDT30.5115.50 97 98.5453.83 83 PBT26.7112.11 121 83.6140.47 107 NP19.729.97 98 63.4732.06 98 Powered by Capital Market - Live

Paras Defence & Space Techs. announced that the Board of Directors of the Company at its meeting held on 30 April 2025, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

The Board of Paras Defence and Space Technologies at its meeting held on 30 April 2025 has approved sub-division of equity shares of existing 1 equity share of Rs 10 each fully paid-up into 2 equity shares of Rs 5 each fully paid-up, subject to shareholders' approval. Powered by Capital Market - Live

Whirlpool of India Ltd, Garden Reach Shipbuilders & Engineers Ltd, Mazagon Dock Shipbuilders Ltd and Data Patterns (India) Ltd are among the other gainers in the BSE's 'A' group today, 29 April 2025.Paras Defence and Space Technologies Ltd spiked 8.72% to Rs 1242.05 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.66 lakh shares were traded on the counter so far as against the average daily volumes of 48878 shares in the past one month. Whirlpool of India Ltd surged 8.54% to Rs 1301.8. The stock was the second biggest gainer in 'A' group. On the BSE, 92334 shares were traded on the counter so far as against the average daily volumes of 23859 shares in the past one month. Garden Reach Shipbuilders & Engineers Ltd soared 7.86% to Rs 1886.9. The stock was the third biggest gainer in 'A' group. On the BSE, 4 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month. Mazagon Dock Shipbuilders Ltd gained 7.08% to Rs 2984.4. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.61 lakh shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past one month. Data Patterns (India) Ltd jumped 6.73% to Rs 2384.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.54 lakh shares were traded on the counter so far as against the average daily volumes of 83252 shares in the past one month. Powered by Capital Market - Live

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

At the same meeting, the board will also consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended 31 March 2025. The board might also recommend payment of dividend on equity shares of the company for the financial year ended 31 March 2025. Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company. The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, a 125.82% increase as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. The scrip fell 1.65% to currently trade at Rs 1055 on the BSE. Powered by Capital Market - Live

The Board of Paras Defence and Space Technologies will meet on 30 April 2025 to consider and approve he sub-division / split of existing equity shares of the Company. Powered by Capital Market - Live

Paras Defence and Space Technologies has signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision, Israel, part of Controp and the Rafael Group, marking a significant advancement in India's defence and drone industry. This collaboration will position Paras Defence as exclusive supplier of advanced drone camera technology in India, at much lower cost. Paras Defence will bring high indigenous content in these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, improving the country's self-reliance while lowering costs. It will offer two models, whose usual import price is around Rs 20 lakh and Rs 40 lakh per unit. Paras Defence anticipates 50-60% price reduction for each model, making advanced surveillance technology more accessible to Indian defence forces and for commercial applications. MicroCon will serve as Paras Defence's exclusive supplier for drone cameras which include ISR payloads and Electro-Optical/Infrared (EO/IR) seekers, while Paras Defence becomes MicroCon's exclusive partner for ISR operations in India. This aligns with MicroCon's strategy to expand its footprint in the country which is witnessing accelerated growth in its drone market.Powered by Capital Market - Live

MicroCon specializes in the design, development, production, and marketing of ISR (intelligence, surveillance, and reconnaissance) payloads and EO/IR (electro-optical/infra-red) seekers for drones and unmanned aerial vehicles (UAVs). Under this agreement, Paras Defence and MicroCon will exclusively collaborate in India on the development of Micro ISR payloads. Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company. The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, a 125.82% increase as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. Shares of Paras Defence and Space Technologies shed 0.89% to Rs 968.70 on the BSE.Powered by Capital Market - Live