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.
Q3 FY26 Earnings Results
Paras Defence delivered robust 24% YoY revenue growth in Q3 FY26 with 21% PAT increase, though margins contracted sequentially on cost pressures.
- Revenue from Operations: ₹106.35 crore, up 24.0% YoY from ₹85.77 crore; up 0.6% QoQ from ₹105.72 crore.
- Operating Profit: ₹26.22 crore, operating margin 24.65% (down 343 bps QoQ from 28.08%).
- PBDT: ₹27.59 crore, up 20% YoY from ₹23.03 crore.
- PBT: ₹23.20 crore, up 21% YoY from ₹19.24 crore.
- Profit After Tax (PAT): ₹18.21 crore, up 21.1% YoY from ₹15.04 crore; down 11.8% QoQ from ₹20.64 crore.
- 9M FY26: Revenue ₹305.26 crore (up 19% YoY); PAT ₹53.85 crore (up 34% YoY).
Management Commentary & Strategic Decisions – Q3 FY26
Growth driven by Optics/Optronics (₹58.4 crore, up 52% QoQ); margins pressured by input costs, ESOP/gratuity charges.
- Subsidiary: Approved Paras Avionics Pvt Ltd for avionics/aerospace focus.
- Outlook: Order book robust; margin levers in place.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹105.72 crore, up 21.4% YoY from ₹87.09 crore; up 13.5% QoQ from ₹93.19 crore (record quarterly revenue).
- Operating Margin: 28.08% (up from 23.55% QoQ).
- Profit After Tax (PAT): ₹20.64 crore, up 48.9% YoY from ₹13.87 crore; up 38.8% QoQ from ₹14.87 crore (highest quarterly PAT).
- H1 FY26: Revenue ₹198.91 crore (up 16.6% YoY); PAT ₹35.51 crore (up 23.7% YoY).
Management Commentary & Strategic Directions – Q2 FY26
Defence Engineering revenue up 41% YoY to ₹67.3 crore; Optics/Optronics flat YoY at ₹38.4 crore.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.