Paras Defence order from Defence Ministry: Shares of Paras Defence and Space Technologies went up on Friday, September 12. The stock jumped almost 3.6 % and touched the day’s high at ₹678. The rise came after the company said it got a new order worth ₹26.6 crore from Opto Electronics Factory, which is part of the Defence Ministry.
According to Mint, the company told the stock exchange, “We are pleased to inform you that Paras Defence and Space Technologies Limited (“PARAS”), has received incremental orders from Opto Electronics Factory (“OLF”), a Unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun, valued at approximately Rs. 26.6 Crores (incl. taxes) for supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for Battle-Tank application delivered by OLF to Indian Armed Forces.”
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This order is for more Electronic Control Systems that are used in Thermal Imaging Fire Control Systems for battle tanks. The company will complete this contract between December 2025 and September 2026.
Order boosts total contract value
After this new order, the total value of Paras Defence’s contracts for TIFCS has now gone up to about ₹141.63 crore. Earlier the contracts were at ₹115.03 crore. The company also said that this order has come from a domestic unit and does not count as a related party transaction. Paras Defence works a lot in defence and space industry and is known for high precision optics, defence electronics and also making full solutions for the Indian Armed Forces.
Earnings and stock movement
For the first quarter ending June 2025, the company posted a net profit of ₹15 crore, which stayed almost the same as last year. The revenue grew by 11.5% to ₹93.2 crore, showing steady sales growth. But the EBITDA fell by 8.7% to ₹22 crore. The operating margin dropped sharply to 23.6% compared to 28.8% one year ago.
The company’s stock has moved up more than 15 percent in the past one year and almost 48% in the last six months. But in the last three months it has lost about 16%. In May 2025 the stock had touched its 52-week high at ₹971.8. Before that, in April 2025, it hit a low of ₹401.
