Paras Defence shares jump 6% on ₹26.6 crore order from Ministry of Defence unit

Following the announcement, shares of Paras Defence & Space Technologies have surged 6.11% higher to touch an intraday high of ₹694 apiece on the National Stock Exchange (NSE). The stock opened at ₹659.85, up from the previous close of ₹654.00.

At 10:22 AM, the scrip was trading 5.87% higher at ₹692.40 apiece. The company’s market capitalisation is ₹5,581.08 crore.

The orders are for Electronic Control Systems used in the Thermal Imaging Fire Control System (TIFCS), which forms part of battle tank applications supplied by OLF to the Indian Armed Forces. These systems include components such as the control panel for the ballistic computer, the ballistic computer itself, and the gun positioning system.

With these amended orders, the overall value of contracts awarded to Paras Defence for TIFCS now stands at approximately ₹141.63 crore. The company said the earlier contracts for Electronic Control Systems amounted to ₹115.03 crore, and the new orders have been added on top of this.

The supply of these systems is expected to take place from December 2025 and ending in September 2026.

Over the last five days, shares of Paras Defence & Technologies have surged 5.41%. The scrip has advanced 4.44% in the last month. On the other hand, Paras Defence shares have significantly zoomed 52.71% in the last 6 months and nearly 36.31 on an YTD basis.

The stock touched its 52 week high of ₹972.50 on May 19, 2025 and its 52 week low of ₹404.70 on March 3, 2025.

Paras Defence & Space Technologies’ Q1 results:

For June quarter, the defence firm had reported consolidated net profit of ₹14.87 crore, up 0.13% from ₹14.85 crore a year back.

The company’s revenue from operations advanced 11.51% to ₹93.19 crore as against ₹83.57 crore in the same period of the previous year. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) dropped 8.7% from the same period last year to ₹22 crore, with margins shrinking by over 500 basis points to 23.6% from 28.8%.

Paras Defence had reported a decline in revenue by 13.89% compared to the previous quarter. Total income stood at ₹95.57 crore, up 13.57% from the same period last year but down 15.77% quarter-on-quarter.

Quarterly expenses totaled ₹76.05 crore, reflecting a 17.67% increase from the year-ago period. Profit before tax was ₹19.45 crore, marginally lower than ₹19.50 crore recorded in the same quarter last year and 27.17% lower than the previous quarter.