Paras Defence and Space Technologies (PARAS) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose to Rs 25,350 lakh from Rs 22,243 lakh, while net profit fell to Rs 3,003 lakh from Rs 3,595 lakh; EPS was Rs 8.22 vs Rs 9.25.

• Q4 consolidated revenue was Rs 7,969 lakh vs Rs 6,510 lakh; net profit was Rs 960 lakh vs Rs 1,184 lakh YoY. Auditors issued unmodified opinions on standalone and consolidated results.

Financial highlights

• FY24 standalone revenue was Rs 23,243 lakh vs Rs 21,428 lakh; net profit was Rs 3,422 lakh vs Rs 3,593 lakh, and EPS was Rs 8.77 vs Rs 9.21.

• Q4 standalone revenue was Rs 6,512 lakh vs Rs 5,805 lakh; net profit was Rs 1,032 lakh vs Rs 886 lakh, and EPS was Rs 2.65 vs Rs 2.27 YoY.

• FY24 consolidated profit before tax was Rs 4,047 lakh vs Rs 4,685 lakh; Q4 PBT was Rs 1,211 lakh vs Rs 1,287 lakh YoY.

Segment performance

• FY24 consolidated Optics and Optronic Systems revenue was Rs 6,939 lakh vs Rs 10,554 lakh; segment result was Rs 3,224 lakh vs Rs 5,694 lakh.

• FY24 consolidated Defence Engineering revenue was Rs 18,411 lakh vs Rs 11,689 lakh; segment result was Rs 3,608 lakh vs Rs 1,787 lakh.

• Q4 consolidated Defence Engineering revenue was Rs 6,808 lakh vs Rs 2,521 lakh and segment result was Rs 1,121 lakh vs Rs 99 lakh; Optics revenue was Rs 1,161 lakh vs Rs 3,989 lakh.