Paras Defence and Space Technologies (PARAS) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 consolidated revenue rose to Rs. 10,572 lakh from Rs. 8,709 lakh YoY; profit for the period increased to Rs. 1,946 lakh from Rs. 1,270 lakh.

• H1 FY26 consolidated revenue reached Rs. 19,891 lakh and profit for the period Rs. 3,373 lakh, up from Rs. 17,066 lakh and Rs. 2,681 lakh, respectively, YoY.

Financial highlights

• Q2 consolidated PBT was Rs. 2,658 lakh versus Rs. 1,816 lakh YoY; H1 PBT was Rs. 4,603 lakh versus Rs. 3,766 lakh.

• Q2 consolidated EPS was Rs. 2.56 versus Rs. 1.78 YoY; H1 EPS was Rs. 4.41 versus Rs. 3.68, on the restated Rs. 5 face value basis.

• Standalone Q2 revenue was Rs. 10,272 lakh and profit was Rs. 2,226 lakh; H1 revenue was Rs. 19,013 lakh and profit was Rs. 3,769 lakh.

Segment performance

• Q2 Optics and Optronic Systems revenue was Rs. 3,844 lakh versus Rs. 3,928 lakh YoY; segment results were Rs. 1,865 lakh versus Rs. 2,067 lakh.

• Q2 Defence Engineering revenue increased to Rs. 6,728 lakh from Rs. 4,781 lakh YoY; segment results rose to Rs. 1,686 lakh from Rs. 607 lakh.

• H1 Optics and Optronic Systems revenue was Rs. 8,094 lakh versus Rs. 7,785 lakh YoY; Defence Engineering revenue was Rs. 11,797 lakh versus Rs. 9,281 lakh.

• H1 segment results were Rs. 4,077 lakh for Optics and Optronic Systems and Rs. 2,198 lakh for Defence Engineering, versus Rs. 4,389 lakh and Rs. 1,121 lakh YoY.