Paras Defence to consider stock split, dividend on April 30; share price down

Along with the financial results, the company's board will also recommend a payment of dividend for the financial year 2024-25.

In an exchange filing, the company said its board meeting will be "held on 30-Apr-2025 to consider and approve the Yearly Audited Financial results of the Company for the period ended March 2025 and Dividend/Stock split."

Paras Defence share price

Despite the update, the stock was trading 1.64% lower at 1,054.9 apiece on the National Stock Exchange (NSE) at 1:41 pm.

For the third quarter of the financial year 2024-25, the company had reported a 125.82% increase in its consolidated net profit to ₹15.04 crore. The post-tax profit was ₹6.66 crore in the same period of the previous fiscal year.

Revenue from operations increased 33.63% to ₹85.77 crore in the December quarter of FY25, compared to ₹64.18 crore in the year-ago quarter.

Earlier this month, Paras Defence had signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision Ltd, Israel, part of Controp and the Rafael Group, to become a exclusive supplier of advanced drone camera technology in India, at much lower cost.

"Paras Defence will bring high indigenous content in these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, improving the country’s self-reliance while lowering costs. It will offer two models, whose usual import price is around ₹20 lakh and ₹40 lakh per unit. Paras Defence anticipates 50-60% price reduction for each model, making advanced surveillance technology more accessible to Indian defence forces and for commercial applications," the company had said.