Paras Defence shares trade ex-split; check details

Last seen, the stock was trading at ₹933.60 apiece on the National Stock Exchange, soaring 9.99%.

After opening at ₹858 per share on Friday, Paras Defence stock touched an intraday high of ₹933.60 apiece.

The defence firm on April 30 had announced its plan for a stock split along with its March quarter earnings.

The company had said that its board recommended the subdivision/split of its shares in the ratio of 1:2. It also added that the existing one equity share of a face value of ₹10 each, fully paid-up, will be split into two equity shares of a face value of ₹5 each, fully paid-up, subject to shareholders’ approval.

“…we wish to inform you that the Company has fixed Friday, July 04, 2025, as the “Record Date” for the purpose of determining the eligibility of shareholders for the subdivision/split of the existing 1 (one) equity share of face value of ₹10 (Rupees Ten Only) each fully paid up into 2 (two) equity shares of face value of ₹5 (Rupees Five Only) each fully paid up, as approved by the shareholders through postal ballot on June 07, 2025,” the defence firm had informed last month.

A stock split is when a company splits its outstanding stocks to increase the number of shares on the market. This boosts liquidity and decreases its stock price.

The ex-split date is the day the stock starts trading at the adjusted (split) price. Investors who buy the stock on or after the ex-split date are not eligible to receive the additional shares from the split.

Paras Defence and Space Technologies had reported a consolidated net profit of ₹19.72 crore for the quarter ended March 31, 2025 (Q4 FY25). This translates to an increase of 97.79% year-on-year (YoY) against the ₹9.97 crore profit logged in the year-ago period.

Revenue from operations was at ₹108.23 crore, up 35.8% from ₹79.69 crore registered in the corresponding period of the previous fiscal year.

Total income for the quarter under review stood at ₹112.28 against ₹85.17 seen in the year-ago period—a rise of 31.8% YoY.