Paras Defence and Space Technologies, a Navi Mumbai-based defence technology firm, reported its financial results for the quarter ended June 2026, showing robust year-on-year growth across key metrics.

Net profit rose 43% compared to the same quarter in the prior year, while revenue grew 37% year-on-year. Operating margins also improved during the quarter, indicating stronger cost efficiency alongside top-line expansion.

Despite the positive earnings, shares of Paras Defence fell nearly 3% following the announcement. The stock is listed on Indian exchanges under the company's name, Paras Defence and Space Technologies Ltd.

Paras Defence operates in the defence and space technology sectors, providing products and solutions in areas such as defence electronics, unmanned aerial systems, and electro-optic systems. The company serves both domestic and international markets and is part of India's growing private-sector defence industry, which has benefited from government initiatives such as the Make in India programme and defence procurement reforms aimed at reducing reliance on imports. India has also set a target of achieving ₹50,000 crore in annual defence exports by 2029, creating a larger addressable opportunity for domestic manufacturers.

The company's quarterly performance comes amid sustained investor interest in India's defence sector, where several listed players have seen significant valuation expansion over recent years. Paras Defence, which completed its initial public offering in 2021, is among the smaller-cap participants in the space.

Source: CNBC-TV18 Markets