Paras Defence Reports 37% Rise in Q2 Net Profit to ₹30.4 Crore

Paras Defence and Space Technologies Limited has announced its financial results for the second quarter ended September 30, 2026. The company posted a 37 percent year-on-year increase in standalone net profit alongside a 43 percent jump in standalone revenue from operations.

MUMBAI — Paras Defence and Space Technologies Limited has released its financial performance for the second quarter of FY27, reporting steady growth across both standalone and consolidated operations.

For the quarter ended September 30, 2026, the company's standalone revenue from operations climbed 43 per cent year-on-year to ₹147.3 crore, compared to ₹102.7 crore recorded during the same period in the previous fiscal year.

The defence and space technology firm posted a standalone net profit of ₹30.4 crore for Q2 FY27, marking a 37 per cent increase from ₹22.3 crore in Q2 FY26. For the first half of FY27, standalone revenue rose 40 per cent to ₹265.4 crore, while net profit grew 38 per cent to ₹51.8 crore compared to ₹37.7 crore in H1 FY26.

On a consolidated basis, which encompasses eight subsidiaries and three associates, revenue from operations for Q2 FY27 reached ₹151.1 crore, up from ₹105.7 crore a year earlier. Consolidated net profit attributable to the owners of the company stood at ₹30.3 crore for the quarter, compared to ₹20.6 crore in Q2 FY26. For the first half of the fiscal year, consolidated revenue totaled ₹279 crore versus ₹198.9 crore in H1 FY26.

The company operates across two reportable segments: Optics and Optronic Systems, and Defence Engineering. Both divisions contributed evenly to the quarter's standalone revenue at ₹74.6 crore and ₹72.7 crore, respectively. According to the company's financial disclosures, the Optics segment delivered stronger profitability during the quarter.

Paras Defence's standalone total assets expanded to ₹1,067.7 crore as of September 30, 2026, up from ₹919.1 crore as of March 31, 2026. The asset growth was primarily driven by higher trade receivables and inventories, reflecting the scale-up of ongoing order execution.

In the public markets, the company's stock closed at ₹1,329.70 on the National Stock Exchange (NSE) on October 29, 2026, recording a single-day gain of 2.08 per cent. This placed the company's market capitalisation at approximately ₹10,716 crore. The stock has appreciated by roughly 94 per cent year-to-date and currently trades at a trailing price-to-earnings multiple of 109.

"The financial performance of Paras Defence reflects steady execution scale-up in the specialized optics and defence engineering sectors. A balanced revenue contribution across both reportable segments, paired with a significant rise in assets driven by inventories and trade receivables, indicates active order fulfillment. For businesses operating in high-tech manufacturing and defence, managing working capital efficiently during a phase of rapid top-line growth is essential for long-term sustainability." — Dr. Shishir Gupta, Founder & CEO, StartupLanes