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Paras Defence and Space Technologies Ltd Q1FY24; 18% fall in Profits

Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments – Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.

Financial Results:

Paras Defence and Space Technologies Ltd reported Revenues for Q1FY24 of ₹44.72 Crores up from ₹41.48 Crore year on year, a rise of 7.81%.

Total Expenses for Q1FY24 of ₹37.53 Crores up from ₹32.37 Crores year on year, a rise of 15.94%.

Consolidated Net Profit of ₹6.20 Crores down 17.66% from ₹7.53 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.59, down 17.62% from ₹1.93 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: DefenceSpace
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