Paras Defence and Space Technologies quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	151	106	+42.9%
EBITDA	44.5	29.7	+49.9%
EBITDA margin	29.5%	28.1%	+1.4 pts
Profit before tax	40.8	26.6	+53.6%
Net profit	30.6	19.5	+57.0%
EPS	₹3.76	₹2.56	+46.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	151	128	171	106	106	93.2	108	85.8	87.1	83.6	79.7	64.2	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	2.2	1.9	9.1	2.3	2.3	2.4	4.1	1.6	1.7	0.6	5.5	0.8
	153	130	180	109	108	95.6	112	87.4	88.8	84.2	85.2	64.9
	70.8	65.9	79.1	61.5	36.5	35.5	36.6	31.9	29.8	28.8	40.6	46.1
	5.8	4.4	7.5	5.3	8.9	3.5	13.0	7.9	8.5	4.8	14.8	1.7
	3.8	−13.9	3.6	−8.7	1.3	4.6	0.5	−0.7	3.9	5.4	−12.2	−17.7
	15.4	15.1	12.6	13.4	11.1	11.5	9.5	10.0	9.2	8.8	8.3	7.7
	0.9	1.3	1.7	0.9	1.2	0.8	1.9	0.6	2.6	1.5	2.3	1.5
	5.1	4.5	4.4	4.4	4.2	4.0	3.8	3.8	3.7	3.7	3.4	3.3
	10.9	24.5	25.8	8.6	18.3	16.2	20.4	14.7	13.0	11.6	16.0	13.9
	113	102	135	85.4	81.4	76.1	85.6	68.1	70.6	64.6	73.1	56.6
	44.5	31.9	42.6	26.2	29.7	22.0	28.3	22.1	22.8	24.1	12.3	12.4
	39.5	27.4	38.2	21.8	25.5	18.0	24.5	18.3	19.1	20.5	8.9	9.1
Profit
	40.8	28.0	45.5	23.2	26.6	19.5	26.6	19.3	18.2	19.5	12.1	8.3
	0.0	0.0	2.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	40.8	28.0	48.4	23.2	26.6	19.5	26.6	19.3	18.2	19.5	12.1	8.3
	6.7	8.7	11.2	1.6	10.6	6.0	6.3	6.0	5.7	5.1	2.2	3.4
	3.6	−1.4	−1.7	4.7	−3.5	−0.8	−0.4	−0.6	−0.2	0.3	0.3	−0.9
	10.3	7.3	9.6	6.4	7.1	5.2	5.9	5.4	5.5	5.4	2.5	2.5
	0.0	0.0	0.0	0.0	0.0	−0.1	0.1	−0.0	−0.0	−0.0	0.0	0.0
	30.6	20.7	38.9	16.9	19.5	14.3	20.8	13.9	12.7	14.1	9.6	5.9
	30.6	20.7	38.9	16.9	19.5	14.3	20.8	13.9	12.7	14.1	9.6	5.8
	0.1	0.0	0.2	0.4	0.1	−0.1	−0.1	−0.0	−0.1	−0.1	−0.3	−0.0
	30.7	20.8	39.1	17.3	19.5	14.2	20.8	13.8	12.6	14.0	9.3	5.9
	30.3	21.2	34.4	18.2	20.6	14.9	19.7	15.0	13.9	14.9	10.0	6.7
	0.3	−0.5	4.5	−1.4	−1.2	−0.6	1.1	−1.2	−1.2	−0.7	−0.4	−0.8
Per share
	₹3.76	₹2.63	₹4.27	₹2.26	₹2.56	₹3.69	₹4.89	₹3.74	₹3.55	₹3.81	₹2.56	₹1.71
	₹3.76	₹2.63	₹4.27	₹2.26	₹2.56	₹3.69	₹4.89	₹3.74	₹3.55	₹3.81	₹2.56	₹1.71
Other comprehensive income — detail
	0.1	0.0	0.2	0.4	0.1	−0.1	−0.1	—	—	—	—	—
	0.0	0.0	−0.1	0.5	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	−0.4	−0.0
	0.0	0.0	−0.0	0.1	−0.0	−0.0	−0.0	—	—	—	—	—
	—	—	—	—	—	—	—	−0.0	−0.0	−0.0	−0.1	−0.0
	0.1	—	0.2	0.1	0.2	—	0.0	0.1	—	—	0.0	0.0
	—	—	—	—	—	—	—	0.0	−0.0	0.0	0.0	0.0
	30.2	21.3	—	18.7	20.7	14.8	—	15.0	13.8	14.8	9.7	6.7
	0.3	−0.5	—	−1.4	−1.2	−0.6	—	−1.2	−1.2	−0.7	−0.4	−0.8
Per share — as-filed variants
	₹3.76	₹2.63	₹4.27	₹2.26	₹2.56	₹3.69	₹4.89	₹3.74	₹3.55	₹3.81	₹2.56	₹1.71
	₹3.76	₹2.63	₹4.27	₹2.26	₹2.56	₹3.69	₹4.89	₹3.74	₹3.55	₹3.81	₹2.56	₹1.71
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	70.8	71.5	81.1	48.2	59.0	49.7	58.1	46.8	44.9	44.6	36.5	34.1
	46.8%	55.9%	47.3%	45.4%	55.8%	53.3%	53.7%	54.5%	51.6%	53.3%	45.8%	53.1%
Adjusted (ex-exceptional items) — derived
	40.8	28.0	45.5	23.2	26.6	19.5	26.6	19.3	18.2	19.5	12.1	8.3
	0.0	0.0	2.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	30.6	20.7	36.5	16.9	19.5	14.3	20.8	13.9	12.7	14.1	9.6	5.9
	₹3.76	₹2.63	₹4.01	₹2.26	₹2.56	₹3.69	₹4.89	₹3.74	₹3.55	₹3.81	₹2.56	₹1.71

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

PARAS₹1,329.70

Paras Defence and Space Technologies Ltd.

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersDATAPATTNS MTARTECH ZENTEC OSWALPUMPS PRAJIND MIDHANI QPOWER MAHSEAMLESMcap ₹10,715 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	64.2	79.7	83.6	87.1	85.8	108.2	93.2	105.7	106.4	171.3	127.9	151.1
Other Income	0.8	5.5	0.6	1.7	1.6	4.1	2.4	2.3	2.3	9.1	1.9	2.2
Total Income	64.9	85.2	84.2	88.8	87.4	112.3	95.6	108.0	108.6	180.4	129.9	153.3
Expenses
+ Cost of Materials Consumed	46.1	40.6	28.8	29.8	31.9	36.6	35.5	36.5	61.5	79.1	65.9	70.8
+ Purchases of Stock-in-Trade	1.7	14.8	4.8	8.5	7.9	13.0	3.5	8.9	5.3	7.5	4.4	5.8
+ Changes in Inventories	-17.7	-12.2	5.4	3.9	-0.7	0.5	4.6	1.3	-8.7	3.6	-13.9	3.8
+ Employee Benefit Expense	7.7	8.3	8.8	9.2	10.0	9.5	11.5	11.1	13.4	12.6	15.1	15.4
+ Finance Costs	1.5	2.3	1.5	2.6	0.6	1.9	0.8	1.2	0.9	1.7	1.3	0.9
+ Depreciation & Amortisation	3.3	3.4	3.7	3.7	3.8	3.8	4.0	4.2	4.4	4.4	4.5	5.1
+ Other Expenses	13.9	16.0	11.6	13.0	14.7	20.4	16.2	18.3	8.6	25.8	24.5	10.9
Total Expenses	56.6	73.1	64.6	70.6	68.1	85.6	76.1	81.4	85.4	134.8	101.8	112.5
EBITDA	12.4	12.3	24.1	22.8	22.1	28.3	22.0	29.7	26.2	42.6	31.9	44.5
EBIT	9.1	8.9	20.5	19.1	18.3	24.5	18.0	25.5	21.8	38.2	27.4	39.5
Profit
PBT before Exceptional Items	8.3	12.1	19.5	18.2	19.3	26.6	19.5	26.6	23.2	45.5	28.0	40.8
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.9	0.0	0.0
Pretax Income	8.3	12.1	19.5	18.2	19.3	26.6	19.5	26.6	23.2	48.4	28.0	40.8
+ Current Tax	3.4	2.2	5.1	5.7	6.0	6.3	6.0	10.6	1.6	11.2	8.7	6.7
+ Deferred Tax	-0.9	0.3	0.3	-0.2	-0.6	-0.4	-0.8	-3.5	4.7	-1.7	-1.4	3.6
Tax Expense	2.5	2.5	5.4	5.5	5.4	5.9	5.2	7.1	6.4	9.6	7.3	10.3
+ Share of Associates & JVs	0.0	0.0	-0.0	-0.0	-0.0	0.1	-0.1	0.0	0.0	0.0	0.0	0.0
Net Income	5.9	9.6	14.1	12.7	13.9	20.8	14.3	19.5	16.9	38.9	20.7	30.6
+ Net Income — Continuing Ops	5.8	9.6	14.1	12.7	13.9	20.8	14.3	19.5	16.9	38.9	20.7	30.6
+ Other Comprehensive Income	-0.0	-0.3	-0.1	-0.1	-0.0	-0.1	-0.1	0.1	0.4	0.2	0.0	0.1
Total Comprehensive Income	5.9	9.3	14.0	12.6	13.8	20.8	14.2	19.5	17.3	39.1	20.8	30.7
Net Income to Common	6.7	10.0	14.9	13.9	15.0	19.7	14.9	20.6	18.2	34.4	21.2	30.3
Minority Interest	-0.8	-0.4	-0.7	-1.2	-1.2	1.1	-0.6	-1.2	-1.4	4.5	-0.5	0.3
Per Share
Basic EPS	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.27	2.63	3.76
Diluted EPS	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.27	2.63	3.76
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-0.1	-0.1	0.1	0.4	0.2	0.0	0.1
+ Items NOT to be Reclassified to P&L	-0.0	-0.4	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	0.5	-0.1	0.0	0.0
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.0	-0.0	-0.0	0.1	-0.0	0.0	0.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.0	-0.1	-0.0	-0.0	-0.0	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	0.0	0.0	—	—	0.1	0.0	—	0.2	0.1	0.2	—	0.1
+ Tax on Items to be Reclassified — alt tag	0.0	0.0	0.0	-0.0	0.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	6.7	9.7	14.8	13.8	15.0	—	14.8	20.7	18.7	—	21.3	30.2
Comprehensive Income — Non-controlling Interests	-0.8	-0.4	-0.7	-1.2	-1.2	—	-0.6	-1.2	-1.4	—	-0.5	0.3
Per Share — as-filed variants
Basic EPS — Continuing Operations	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.27	2.63	3.76
Diluted EPS — Continuing Operations	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.27	2.63	3.76
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	34.1	36.5	44.6	44.9	46.8	58.1	49.7	59.0	48.2	81.1	71.5	70.8
Gross Margin %	53.07	45.76	53.34	51.60	54.53	53.72	53.28	55.83	45.35	47.32	55.86	46.84
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	8.3	12.1	19.5	18.2	19.3	26.6	19.5	26.6	23.2	45.5	28.0	40.8
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.9	0.0	0.0
Net Income Adj (tax-effected)	5.9	9.6	14.1	12.7	13.9	20.8	14.3	19.5	16.9	36.5	20.7	30.6
EPS Adj	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.01	2.63	3.76
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	5.00	5.00	5.00	5.00	5.00
Paid Up Equity Capital	39.0	39.0	39.0	39.0	40.3	40.3	40.3	40.3	40.3	40.3	40.3	40.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Paras Defence and Space Technologies Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 1:15 pm IST

Paras Defence and Space Technologies (NSE: PARAS) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 1:15 pm IST. Consolidated net profit was ₹30.3 crore, up 46.8% from ₹20.6 crore in Q2 FY26 and up 42.8% from ₹21.2 crore in Q1 FY27. Revenue from operations was ₹151 crore, up 42.9% year on year and up 18.1% from the previous quarter.

Q2 FY26 results (a year earlier): 13 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹30.3 Cr+46.8% vs Q2 FY26+42.8% vs Q1 FY27
Revenue from operations: ₹151 Cr+42.9% vs Q2 FY26+18.1% vs Q1 FY27
Operating margin (EBIT): 26.1%+2.0 pts vs Q2 FY26+4.7 pts vs Q1 FY27EBIT ₹39.5 Cr
EBITDA: ₹44.5 Cr+49.9% vs Q2 FY26+39.5% vs Q1 FY27margin 29.5%
Earnings per share (basic): ₹3.76+46.9% vs Q2 FY26+43.0% vs Q1 FY27
Net profit margin: 20.1%+0.5 pts vs Q2 FY26+3.5 pts vs Q1 FY27

Questions

What was Paras Defence and Space Technologies' net profit in Q2 FY27?

Consolidated net profit was ₹30.3 crore, up 46.8% from ₹20.6 crore in Q2 FY26 and up 42.8% from ₹21.2 crore in Q1 FY27.

What was Paras Defence and Space Technologies' revenue in Q2 FY27?

Revenue from operations was ₹151 crore, up 42.9% year on year and up 18.1% from the previous quarter.

What was Paras Defence and Space Technologies' EPS in Q2 FY27?

Basic earnings per share were ₹3.76, against ₹2.56 in Q2 FY26.

How were Paras Defence and Space Technologies' Q2 FY27 results?

Both grew from a year earlier: net profit was up 46.8% at ₹30.3 crore and revenue was up 42.9% at ₹151 crore. The operating margin was 26.1%, up 2.0 percentage points from 24.1% a year earlier. Against Q1 FY27, net profit was up 42.8% and revenue up 18.1%.

What was Paras Defence and Space Technologies' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹39.5 crore, a margin of 26.1%, against 21.4% in Q1 FY27 and 24.1% in Q2 FY26. EBITDA was ₹44.5 crore, 29.5% of revenue.

What was Paras Defence and Space Technologies' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹51.5 crore, up 45.1% from ₹35.5 crore in the same months a year earlier. Revenue from operations was ₹279 crore, up 40.3%.

What is Paras Defence and Space Technologies' net profit margin?

Paras Defence and Space Technologies' net profit margin was 20.1% in Q2 FY27 (net profit as a share of revenue from operations), against 19.5% in Q2 FY26 (up 0.5 percentage points). For FY26 as a whole it was 18.5%.

What was Paras Defence and Space Technologies' net profit in FY26?

Consolidated net profit was ₹88.1 crore in FY26 (April 2025–March 2026), up 38.8% from ₹63.5 crore in FY25. It was ₹32.1 crore in FY24 and ₹36.1 crore in FY23: up 144.2% over three years, 34.7% a year on average.

What was Paras Defence and Space Technologies' revenue in FY26?

Revenue from operations was ₹477 crore in FY26 (April 2025–March 2026), up 30.7% from ₹365 crore in FY25. It was ₹254 crore in FY24 and ₹222 crore in FY23: up 114.3% over three years, 28.9% a year on average.

How has Paras Defence and Space Technologies' profit changed over the last four quarters?

Net profit by quarter: ₹18.2 crore in Q3 FY26, ₹34.4 crore in Q4 FY26, ₹21.2 crore in Q1 FY27 and ₹30.3 crore in Q2 FY27. That is ₹104 crore over the four quarters, up 48.2% from ₹70.3 crore in the four quarters before. Revenue from operations: ₹106 crore, ₹171 crore, ₹128 crore and ₹151 crore.

When did Paras Defence and Space Technologies announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 1:15 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 13 November 2025.

When will Paras Defence and Space Technologies announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Paras Defence and Space Technologies figures come from?

From Paras Defence and Space Technologies' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.