Paras Defence shares soar 5% as arm bags anti-drone systems supply order from Ministry of Defence

The stock was trading 3.89% higher at ₹717.90 per equity share, as of 1:58 pm.

This comes after the defence company’s subsidiary, Paras Anti-Drone Technologies Private Limited, bagged an order worth ₹46.19 crore (including GST) from the Ministry of Defence.

The contract, tentatively expected to be executed by March 2026, is for the supply of anti-drone systems, such as drone jammers, the firm said in a regulatory filing.

Previous order wins

On September 26, the defence firm received an international order from Elbit Security Systems Limited, Israel, valued at approximately $3.8 million, or ₹34 crore for ElectroOptics, with the execution window from February to November 2026.

Paras Defence secured incremental orders from Opto Electronics Factory (OLF), a unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun, valued at approximately ₹26.6 crore.

The order was for the supply of Electronic Control Systems used in the Thermal Imaging Fire Control System (TIFCS) for Battle-Tank application, delivered by OLF to the Indian Armed Forces, it said in a separate regulatory filing on September 12.

In August, the company bagged an order valued at ₹45.32 crore from Bharat Electronics Limited (BEL) for the supply of signal and data processing systems and multi-sensor fusion systems.

Paras Defence share performance

The stock has risen 1.4% over the week and about 8% over the month. It surged over 42% over six months.

On a year-to-date basis, the scrip advanced nearly 43%.

While the share reached a 52-week high of ₹972.50 on May 19, 2025, it touched a year’s low of ₹404.70 apiece on March 12, 2025.

Paras Defence and Space Technologies has a total market capitalisation of ₹5,782.95 crore, as of October 3, 2025, according to data on the NSE.

Paras Defence Q1 results

The company reported a consolidated net profit of ₹14.87 crore in the June quarter of FY26, compared to ₹14.85 crore in the corresponding period last year.

Its revenue from operations stood at ₹93.19 crore during the quarter under review, marking an 11.51% YoY jump from ₹83.57 crore in Q1FY25.