Paras Defence And Space Technologies Q2 FY27 Results: Consolidated Net Profit ₹30.56 Crore on Total Income of ₹154 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew much faster than total income. Consolidated net profit for the quarter was ₹30.56 crore against ₹15.46 crore a year earlier, a rise of 97.7%, while total income rose 42.9% to ₹154.33 crore. Profit attributable to owners of the company rose 105.2%, from ₹15.06 crore to ₹30.90 crore.

Profit before tax rose 16.0% to ₹30.82 crore, so most of the gap between profit before tax and net profit growth sits below that line. Tax expense was ₹10.26 crore against ₹11.12 crore a year earlier, equal to 33.3% of profit before tax, compared with 25.2% for the standalone company. The filing does not give the reason for the change in tax expense.

Other income was ₹3.21 crore, 10.4% of profit before tax. Finance costs fell to ₹0.86 crore from ₹1.20 crore, and depreciation rose to ₹5.06 crore from ₹4.19 crore. The statement shows no exceptional items for the quarter; the exceptional items for the year to 31 Mar 2026 arose from the divestment of a 58.02% stake in Ayatti Innovative Private Limited.

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone total income rose 43.1% to ₹150.86 crore, and profit before tax rose 38.7% to ₹40.70 crore. The effective tax rate was 25.2%, against 24.1% a year earlier.

Other income was ₹3.14 crore, 7.7% of profit before tax, against ₹2.73 crore a year earlier. Finance costs fell to ₹0.40 crore from ₹0.61 crore.

For the company as a whole, the statutory auditor, Chaturvedi and Shah LLP, issued an unmodified limited review opinion. The company granted 3,13,300 employee stock options in three tranches under the Paras Defence ESOP 2024, and share-based payment in the quarter was ₹71 lakh standalone and ₹78 lakh consolidated. Dividend paid in the half year ended 30 Sep 2026 was ₹8.05 crore, against ₹4.03 crore in the prior-year half.

Inference

The filing reports dividends paid of ₹8.05 crore in the half year ended 30 Sep 2026, against ₹4.03 crore a year earlier. The auditors did not review the financial information of one subsidiary, whose total revenue was ₹7.06 crore for the quarter, and the consolidated statement includes eight subsidiaries and three associates.

The filing does not say what dividend, if any, the board has declared for the period or its record date, and a reader would also want the reason for the change in consolidated tax expense, which the filing does not give.

Reference: Original filing (PDF)