Paras Defence and Space Technologies (PARAS) Investor presentation summary

Financial performance

• FY26 consolidated revenue ₹476.57 Cr, EBITDA ₹120.46 Cr and PAT ₹97.21 Cr; FY25 comparatives ₹364.66 Cr, ₹89.46 Cr and ₹61.49 Cr.

• FY27-FY28 revenue growth target 30-40%, with profitability to be maintained or slightly improved vs prior years.

• Q4 FY26 consolidated revenue ₹171.31 Cr, EBITDA ₹42.6 Cr and PAT ₹38.88 Cr; standalone figures were ₹125.58 Cr, ₹30.27 Cr and ₹25.96 Cr.

Order book and revenue mix

• Closing consolidated order book reached ₹986 Cr in Mar-26; mix was 55% Optics & Optronic Systems, 35% Defence Engineering and 10% Anti-Drone.

• FY26 consolidated revenue split: Optics & Optronic Systems 46%, Defence Engineering 12% and subsidiaries 42%.

Optics and space programs

• Submarine periscope deliveries run at 1 every 3 months, with a 36+ unit funnel and stated annual revenue opportunity of ₹200+ Cr.

• Sight-25HD has a funnel of 5,000+ units over 3-7 years; related platform opportunity is estimated at 6,000+ units over 3-5 years.

• Hyperspectral camera is 100% designed, developed and manufactured in India; joint launch planned by DRDO and ISRO, with applications across defence, medical and agriculture.

• Space portfolio includes hyperspectral and sub-meter resolution cameras, oceanography and resource-management payloads, space surveillance and optical communications.