Paras Defence and Space Technologies Limited

Financial Performance Overview Revenue from Operations: Increased by 42.5% YoY to ₹151 crore (compared to ₹106 crore in Q2 FY26). For H1 FY27, consolidated revenue grew 40% YoY to ₹279 crore. EBITDA: Rose 48.3% YoY to ₹44.5 crore for the quarter, while H1 FY27 EBITDA grew 49% YoY to ₹76 crore. EBITDA Margin: Expanded by 140 basis points YoY to 29.4% in Q2 FY27, up from 28% in the corresponding period last year. H1 FY27 margins improved by 160 bps to 27.2%. Net Profit (PAT): Surged 63.2% YoY to ₹31 crore in Q2 FY27, up from ₹19 crore. For the first half of the fiscal year, net profit advanced 50% YoY to ₹51 crore. Segmental Analysis & Operational Highlights Optics & Optronics Segment: This division served as the primary growth catalyst, registering a stellar 96% YoY and 9% sequential revenue surge. The strong performance here directly facilitated the overall operating margin expansion. Defence Engineering Segment: While revenue recorded a 14% YoY and 30% QoQ growth, segment profitability contracted, highlighting an area requiring strategic optimization. Working Capital: Consolidated inventory increased to ₹194 crore from ₹160 crore at the close of March. Following the earnings release, Paras Defence shares were trading positively at ₹1,337.30 on the BSE, reflecting investor confidence in the company's growth trajectory within the defence and space engineering sectors.