Paras Defence and Space Technologies soars on reporting over two-fold jump in Q3 consolidated net profit
![Paras Defence and Space Technologies soars on reporting over two-fold jump in Q3 consolidated net profit](https://portfolio.investmentguruindia.com/uploads/news/defence.jpg)
Paras Defence and Space Technologies is currently trading at Rs. 1052.25, up by 11.90 points or 1.14% from its previous closing of Rs. 1040.35 on the BSE.
The scrip opened at Rs. 1060.50 and has touched a high and low of Rs. 1073.65 and Rs. 1016.05 respectively. So far 29845 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1592.75 on 05-Jul-2024 and a 52 week low of Rs. 608.75 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1073.65 and Rs. 981.00 respectively. The current market cap of the company is Rs. 4262.87 crore.
The promoters holding in the company stood at 57.05%, while Institutions and Non-Institutions held 6.33% and 36.62% respectively.
Paras Defence and Space Technologies has reported over two-fold jump in its net profit at Rs 16.57 crore for Q3FY25 as compared to Rs 7.60 crore for the same quarter in the previous year. Total income of the company increased by 32.76% at Rs 84.61 crore for Q3FY25 as compared to Rs 63.73 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported two-fold jump in its net profit at Rs 13.85 crore for the quarter ended December 31, 2024 as compared to Rs 5.86 crore for the same quarter in the previous year. Total income of the company increased by 34.59% at Rs 87.39 crore for Q3FY25 as compared to Rs 64.93 crore for the corresponding quarter previous year.
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