Paras Defence trades in green on reporting over 7-fold jump in Q1 consolidated net profit
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Paras Defence is currently trading at Rs. 674.25, up by 11.55 points or 1.74% from its previous closing of Rs. 662.70 on the BSE.
The scrip opened at Rs. 669.00 and has touched a high and low of Rs. 696.75 and Rs. 650.00 respectively. So far 53418 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1272.05 on 25-Oct-2021 and a 52 week low of Rs. 456.00 on 01-Oct-2021.
Last one week high and low of the scrip stood at Rs. 696.75 and Rs. 605.65 respectively. The current market cap of the company is Rs. 2628.41 crore.
The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 2.83% and 38.23% respectively.
Paras Defence & Space Technologies has reported around 8-fold jump in its net profit at Rs 7.53 crore for first quarter ended June 30, 2022 review as compared to Rs 0.98 crore for the same quarter in the previous year. Total income of the company increased by 75.44% at Rs 42.44 crore for Q1FY23 as compared Rs 24.19 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 7-fold jump in its net profit at Rs 6.81 crore for first quarter ended June 30, 2022 as compared to Rs 0.95 crore for the same quarter in the previous year. Total income of the company increased by 68.43% at Rs 41.72 crore for Q1FY23 as compared Rs 24.77 crore for the corresponding quarter previous year.
