Paras Defence and Space Technologies Ltd

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

At the same meeting, the board will also consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended 31 March 2025. The board might also recommend payment of dividend on equity shares of the company for the financial year ended 31 March 2025. Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company. The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, a 125.82% increase as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. The scrip fell 1.65% to currently trade at Rs 1055 on the BSE. Powered by Capital Market - Live

The Board of Paras Defence and Space Technologies will meet on 30 April 2025 to consider and approve he sub-division / split of existing equity shares of the Company. Powered by Capital Market - Live

Paras Defence and Space Technologies has signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision, Israel, part of Controp and the Rafael Group, marking a significant advancement in India's defence and drone industry. This collaboration will position Paras Defence as exclusive supplier of advanced drone camera technology in India, at much lower cost. Paras Defence will bring high indigenous content in these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, improving the country's self-reliance while lowering costs. It will offer two models, whose usual import price is around Rs 20 lakh and Rs 40 lakh per unit. Paras Defence anticipates 50-60% price reduction for each model, making advanced surveillance technology more accessible to Indian defence forces and for commercial applications. MicroCon will serve as Paras Defence's exclusive supplier for drone cameras which include ISR payloads and Electro-Optical/Infrared (EO/IR) seekers, while Paras Defence becomes MicroCon's exclusive partner for ISR operations in India. This aligns with MicroCon's strategy to expand its footprint in the country which is witnessing accelerated growth in its drone market.Powered by Capital Market - Live

MicroCon specializes in the design, development, production, and marketing of ISR (intelligence, surveillance, and reconnaissance) payloads and EO/IR (electro-optical/infra-red) seekers for drones and unmanned aerial vehicles (UAVs). Under this agreement, Paras Defence and MicroCon will exclusively collaborate in India on the development of Micro ISR payloads. Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company. The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, a 125.82% increase as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. Shares of Paras Defence and Space Technologies shed 0.89% to Rs 968.70 on the BSE.Powered by Capital Market - Live

Paras Defence and Space Technologies (PARAS) has signed a Memorandum of Understanding (MoU) with MicroCon Vision (MicroCon), part of CONTROP and the Rafael Group, Israel. MicroCon has experience and expertise in the design, development, production and marketing of ISR (Intelligence, Surveillance and Reconnaissance) payloads and EO/IR (Electro-Optical/Infra-Red) Seekers for Drones and Unmanned Aerial Vehicles. PARAS and MicroCon will be exclusive partners in India for working together on the Micro ISR payloads. Powered by Capital Market - Live

The key equity benchmarks traded with major gains in morning trade, mirroring the positive sentiment across global markets. The Nifty traded above 23,000 level. Media shares witnessed buying demand for the third consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex, advanced 419.28 points or 0.56% to 75,868.80. The Nifty 50 index jumped 129.75 points or 0.57% to 23,037.35. In the broader market, the S&P BSE Mid-Cap index rose 0.13% and the S&P BSE Small-Cap index added 0.05%. The market breadth was strong. On the BSE, 2,254 shares rose and 1,332 shares fell. A total of 178 shares were unchanged. Buzzing Index: The Nifty Media advanced 1.70% to 1,521.60. The index rallied 6.52% in the three consecutive trading sessions. Tips Music (up 5.21%), Zee Entertainment Enterprises (up 3.8%), Saregama India (up 3.34%), Sun TV Network (up 1.45%), Hathway Cable & Datacom (up 1.11%), Den Networks (up 0.71%), Network 18 Media & Investments (up 0.46%) and Dish TV India (up 0.16%) advanced. Stocks in Spotlight: Paras Defence and Space Technologies jumped 5.08% after the company announced that it has received an order from Center for High Energy Systems & Sciences (CHESS) valued at approximately Rs 142.31 crore. Dishman Carbogen Amcis advanced 1.08% after the company's wholly owned subsidiary, Carbogen Amcis SAS, France, has received a Certificate of GMP (Good Manufacturing Practice) Compliance for its Saint-Beauzire site, France, from the National Agency for the Safety of Medicine and Health Products (ANSM).Powered by Capital Market - Live

Hyderabad-based CHESS is a part of the DRDO, Ministry of Defence, Government of India. The contract is for the development of laser source module and integration with beam control system (BCS) on mobile platform. This is a part of the order of high-power laser system meant for anti drone and anti missile applications. The project has to be executed within a period of 24 months. Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals: ' defence and space optics, defence electronics solutions, and heavy engineering. As on 31 December 2024, the Government of India held 57.05% in the company. The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, zoomed 125.82% as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. Powered by Capital Market - Live

Paras Defence and Space Technologies has received an order from Center for High Energy Systems & Sciences (CHESS), DRDO, Ministry of Defence, Government of India, Hyderabad valued at approximately Rs 142.31 crores (incl taxes) for Development of Laser Source Module and Integration with Beam Control System (BCS) on Mobile Platform. This is a part of the order of High-Power Laser System meant for Anti Drone and Anti Missile applications. Powered by Capital Market - Live

The domestic equity benchmarks traded with significant losses in the morning trade after US President Donald Trump announced that the United States would impose a 25 percent tariff on all steel and aluminum imports starting Monday. This move is expected to be in addition to further metal duties, which are anticipated to be disclosed later in the week. The Nifty traded below the 23,400 level. Metal shares tumbled after advancing in the past trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, slipped 553.61 points or 0.71% to 77,308.33. The Nifty 50 index lost 173.60 points or 0.74% to 23,386.35. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.34%, and the S&P BSE Small-Cap index declined 1.87%. The market breadth was weak. On the BSE, 1,059 shares rose and 2,636 shares fell. A total of 187 shares were unchanged. Indian Rupee hit a fresh record low against the US dollar on Monday. The currency opened at 87.9400 and touched a fresh all-time low of 87.9525 and is currently trading at 87.7650. Politics The Bharatiya Janata Party (BJP) won the Delhi legislative assembly elections with 48 out of 70 seats, marking its return to power in the capital after 27 years, while the Aam Aadmi Party (AAP) secured 22 seats. A party that wins more than the halfway mark of 35 seats can form the government. AAP leaders Arvind Kejriwal and Manish Sisodia lost their seats to BJP candidates. The BJP's campaign focused on financial assistance for women and senior citizens, subsidies on essential goods, and infrastructure development. AAP's vote share declined by approximately 10% compared to the previous election. The Congress party failed to secure any seats for the third consecutive time but saw a slight increase in its vote share. Result Today: Eicher Motors (down 0.17%), Grasim Industries (down 1.68%), Apollo Hospitals Enterprises (down 0.33%), Ashoka Buildcon (down 1.61%), Avanti Feeds (down 0.53%), Bata India (down 0.42%), Crisil (down 0.42%), EIH Associated Hotels (down 0.70%), Elgi Equipments (down 1.39%), Electronics Mart India (down 3.25%), Engineers India (down 1.67%), ESAB India (down 3.09%), Escorts Kubota (up 0.71%), Eureka Forbes (down 2.24%), Force Motors (down 2.28%), Galaxy Surfactants (up 0.38%), Garware Technical Fibres (down 0.78%), Genus Power Infra (down 2.96%), Gillette India (down 1.22%), Gujarat State Fertilizers & Chemicals (down 2.63%), HBL Engineering (down 2.53%), HLE Glascoat (down 1.53%) and Honda India Power Product (down 2.01%) will declare their earnings later today. Buzzing Index: The Nifty Metal index dropped 2.90% to 8,336.50. The index jumped 2.66% in the past trading session. Vedanta (down 4.45%), Steel Authority of India (down 4.19%), Tata Steel (down 3.50%), JSW Steel (down 3.1%), NMDC (down 2.81%), National Aluminium Company (down 2.73%), Hindalco Industries (down 2.55%), Jindal Steel & Power (down 2.53%), Welspun Corp (down 2.21%) and Jindal Stainless (down 2.06%) declined. Stocks in Spotlight: Paras Defence and Space Technologies declined 1.95%. The company has reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, zoomed 125.82% as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year. Shipping Corporation of India dropped 5.32% after the company reported 43.8% decline in consolidated net profit of Rs 75.52 crore in Q3 FY25 as against Rs 134.35 crore posted in Q3 FY24. Revenue from operations slipped 1.9% YoY to Rs 1,315.60 crore in the quarter ended 31 December 2024. VA TECH WABAG rallied 3.67% after the company announced that it has bagged a significant consortium order worth $371 million (approximately Rs 3,251 crore) from Al Haer Environmental Services Company. Powered by Capital Market - Live