Paras Defence and Space Technologies Ltd's Q3FY25 Quarter Results
- 09 Feb 2025
Result Summary
- Paras Defence and Space Technologies Ltd reported a 1.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 34.6%.
- Its expenses for the quarter were down by 3.5% QoQ and up 20.4% YoY.
- The net profit increased 9.1% QoQ and increased 136.3% YoY.
- The earnings per share (EPS) of Paras Defence and Space Technologies Ltd stood at 3.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 87.39 | 88.76 | 64.93 | -1.5% | 34.6% |
Total Expenses | 68.14 | 70.59 | 56.59 | -3.5% | 20.4% |
Profit Before Tax | 19.25 | 18.17 | 8.34 | 5.9% | 130.8% |
Tax | 5.39 | 5.46 | 2.50 | -1.3% | 115.6% |
Profit After Tax | 13.85 | 12.70 | 5.86 | 9.1% | 136.3% |
Earnings Per Share | 3.70 | 3.50 | 1.70 | 5.7% | 117.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Paras Defence and Space Technologies Ltd operates primarily in the defense and space sectors, offering a range of products and services tailored to meet the needs of these high-technology industries. The company is involved in the design, development, and manufacturing of defense and space engineering products and solutions. It plays a critical role in providing specialized equipment, including defense electronics, heavy engineering, and niche technologies. As of the latest data, there are no specific recent developments provided, and therefore, any recent changes or new initiatives in the company's operations remain unspecified within this data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Paras Defence and Space Technologies Ltd reported total income of ₹87.39 crores. This represents a slight decline of 1.5% from the previous quarter (Q2FY25), where the total income was ₹88.76 crores. However, on a year-over-year basis, there is a significant increase of 34.6% compared to the same quarter in the previous year (Q3FY24), which saw total income of ₹64.93 crores. This substantial year-on-year growth indicates a strong upward trend in revenue generation for the company over the past year.
Profitability
The profitability of Paras Defence and Space Technologies Ltd has shown positive momentum in Q3FY25. Profit before tax (PBT) was recorded at ₹19.25 crores, marking a 5.9% increase from ₹18.17 crores in Q2FY25. Comparing this with the previous year, there is a notable rise of 130.8% from ₹8.34 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) stands at ₹13.85 crores, up by 9.1% from ₹12.70 crores in Q2FY25, and a significant increase of 136.3% from ₹5.86 crores in Q3FY24. The Earnings Per Share (EPS) was ₹3.70, which is an improvement of 5.7% quarter-over-quarter and 117.6% year-over-year, indicating robust profitability growth.
Operating Metrics
The company's total expenses for Q3FY25 amounted to ₹68.14 crores, which is a decrease of 3.5% from ₹70.59 crores in Q2FY25. Year-over-year, expenses have risen by 20.4% compared to ₹56.59 crores in Q3FY24. The tax expense for the quarter was ₹5.39 crores, slightly down by 1.3% from the previous quarter's ₹5.46 crores, but up by 115.6% from ₹2.50 crores in the same quarter last year. These operating metrics reflect strategic cost management and tax liabilities that align with the company's broader financial performance trends over the periods in question.
