Paras Defence and Space Technologies Ltd

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

Net profit of Paras Defence and Space Technologies rose 125.83% to Rs 15.04 crore in the quarter ended December 2024 as against Rs 6.66 crore during the previous quarter ended December 2023. Sales rose 33.64% to Rs 85.77 crore in the quarter ended December 2024 as against Rs 64.18 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales85.7764.18 34 OPM %25.7019.38 - PBDT23.0311.70 97 PBT19.248.36 130 NP15.046.66 126 Powered by Capital Market - Live

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 8 February 2025.Powered by Capital Market - Live

Paras Defence & Space Technologies is set to invest Rs. 12000 crores to establish India's first Optics Park in Maharashtra. In this regard, the defence company signed a Memorandum of Understanding (MoU) with the Government of Maharashtra (GoM). The announcement, made at the prestigious World Economic Forum in Davos, Switzerland, marks a historic milestone in India's journey toward self-reliance in advanced optical technologies. The monumental investment is set to create a state-of-the-art technology hub that will reshape India's optics and optical systems sector and establish itself as a World Leader in Optical Technologies. It also reaffirms Paras Defence's commitment to the 'Make in India' initiative while advancing India's aspirations for technological independence in critical sectors. The project is poised to generate over 2,000 direct employment opportunities and catalyze technological advancements across key industries such as defence, space, automotive, industrial, and commercial applications. Under the planned MoU, the Government of Maharashtra has pledged its comprehensive support to Paras Defence in securing land, various incentives and approvals to bring this ambitious project to fruition.Powered by Capital Market - Live

This project is set to commence in the year 2028. The proposed project entails an investment of Rs 12,000 crore over the next 10 years, subject to land allocation and subsidies from the state government. Once operational, it is expected to create 2,000 direct employment opportunities and become India's first dedicated technology hub for optics and optical technologies. 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, defence electronics solutions, and heavy engineering. The company had reported a 47.13% rise in consolidated net profit to Rs 13.86 crore on a 42.05% increase in sales to Rs 87.09 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Paras Defence and Space Technologies granted 78,450 stock options under ESOP on 22 January 2025. Powered by Capital Market - Live

Paras Defence and Space Technologies has been granted arm license under the Arms Act, 1959. This license authorises the company manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) ' Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each. Powered by Capital Market - Live

This license authorizes the company to manufacture MK-46 and MK-48 belt-fed light machine gun (LMG) ' modernised enhanced and redefined LMG with a proposed annual capacity of 6000 units each. The said license has been issued by the Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, Government of India (GoI). 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. The company had reported 47.13% rise in consolidated net profit to Rs 13.86 crore on a 42.05% increase in sales to Rs 87.09 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Paras Defence and Space Technologies has opened its advanced, State-of-the-Art Optical Systems testing facility in Navi Mumbai, Maharashtra. Powered by Capital Market - Live

Paras Defence and Space Technologies has received an order from Instruments Research and Development Establishment (IRDE), Ministry of Defence, Government of India, Dehradun, valued at approximately Rs 61.43 crore (incl taxes) for Upgrade of Optronic Periscope Sight with Accessories, including ESM Warner, for Indian Naval Submarine Application.Powered by Capital Market - Live