Paras Defence and Space Technologies Reports 21% Growth in Q3 Net Profit
Paras Defence and Space Technologies Limited reported consolidated net profit of ₹18.20 crores in Q3, representing a 21.33% year-on-year growth from ₹15.00 crores in the corresponding quarter of the previous year. The ₹3.20 crore absolute increase reflects strong operational performance and improved profitability in the defence and space technology sectors.
*this image is generated using AI for illustrative purposes only.
Paras Defence and Space Technologies Limited has delivered a strong financial performance in the third quarter, with consolidated net profit showing significant year-on-year improvement. The defence technology company's latest results demonstrate continued growth momentum in its core business segments.
Financial Performance Highlights
The company's Q3 financial results showcase robust profitability growth, with key metrics reflecting positive business trends:
| Financial Metric: | Q3 Current Year | Q3 Previous Year | Growth (%) |
|---|---|---|---|
| Consolidated Net Profit: | ₹18.20 crores | ₹15.00 crores | +21.33% |
Business Performance Analysis
The 21.33% year-on-year increase in consolidated net profit indicates strong operational performance by Paras Defence and Space Technologies. The company, which operates in the defence and space technology sectors, has demonstrated its ability to generate improved returns while maintaining business growth.
The ₹3.20 crore absolute increase in net profit from ₹15.00 crores to ₹18.20 crores reflects the company's enhanced profitability during the quarter. This performance suggests effective cost management and revenue optimization strategies implemented by the management.
Sector Context
As a player in the defence and space technology industry, Paras Defence operates in sectors that have seen increased focus and investment. The company's improved financial metrics align with the broader growth trends in India's defence manufacturing and space technology capabilities.
The consistent profit growth demonstrates the company's ability to capitalize on opportunities within its specialized market segments while maintaining operational efficiency across its business units.
17
