Paras Defence shares rise 4% on winning fresh order from BEL; everything investors need to know

Paras Defence was trading higher on Tuesday, June 2, after the company said it has secured a fresh order from Bharat Electronics (BEL).

In a regulatory filing, the defence firm said it has received an order for the supply of electro-optics from BEL worth approximately ₹52.82 crore, including taxes.

The order is expected to be completed on or before September 2027.

Earlier, on April 30, the company received an order worth approximately ₹7.72 crore (inclusive of taxes) from DRDO, Ministry of Defence, for the development of Ku/C-band satellite communication phased array antennas for airborne applications.

Paras Defence & Space Technologies is one of the key names in India’s defence and space landscape. With a focus on the defence and space sector, the company has two verticals of its business, namely optics & optronic systems and defence engineering (comprising defence electronics, EMP protection solutions & heavy engineering).

Paras Defence Q4 results

Paras Defence and Space Technologies' consolidated net profit skyrocketed 89% to ₹34 crore in the fourth quarter of the fiscal year ended March 31, 2026 (Q4 FY26) as compared to ₹18 crore reported in the same period of the previous fiscal year.

The Mumbai-based company's revenue from operations jumped 58% on a year-on-year (YoY) basis to ₹171 crore in the January to March quarter as against ₹108 crore seen in Q4 FY25. The company’s net income also increased 61% to ₹180 crore in the reporting quarter from ₹112 crore YoY.

Its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 52% to ₹42 crore as against ₹28 crore in the corresponding period last year. Its EBITDA margin, however, contracted marginally to 24.56% in contrast to 25.65% in the year-ago period.

Paras Defence share price trend

At 12:05 PM, Paras Defence shares were trading at ₹831.45 apiece on the National Stock Exchange, rising 2.08%. Meanwhile, BEL shares were down 0.77% at ₹404.05 apiece at the same time.

After opening at ₹810.60, the stock surged 3.8% to its intraday high of ₹846 per share on NSE.

Shares of Paras Defence have increased 6% over a month, while they have jumped 18% in the past six months. From the beginning of the year, the stock has soared nearly 22%.

The company has a market capitalisation of ₹6,700.84 crore.

Shares of the company had touched their one-year high of ₹942 apiece on July 7, 2025, while their 52-week low of ₹580.5 was hit on March 23, 2026.