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Revenue from operations increased by 24.17% QoQ to Rs 79.69 crore in Q4 FY24.
Year on year (YoY) basis, the company’s net profit declined 18.92% and revenue jumped 22.41% in Q4 FY24.
Total expenses jumped 37.98% YoY to Rs 73.09 crore in Q4 FY24. Cost of material consumed stood at Rs 40.63 crore ( up 93.85% YoY), employee benefit expenses was at Rs 8.26 crore ( up 33.01% YoY), finance cost was at Rs 2.26 crore (up 6.1% YoY).
Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals – defence and space optics, defence electronics solutions, and heavy engineering. As on 31st March 2024, the Government of India held 58.94% in the company.
The counter hit a 52-week high at Rs 912.75 in intraday today.
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