US EditionParas Defence Q4 Results Review: Nirmal Bang Maintains 'Hold', Hikes Target Price
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Paras Defence Q4 Results Review: Nirmal Bang Maintains 'Hold', Hikes Target Price
Paras Defence achieved a revenue of Rs 1,082 million, up 35.8% YoY, driven by higher execution in the quarter. The Optics and Optronic Systems segment contributed 51%, while the Defence Engineering segment contributed to 49% of the revenue. The revenue from Optics segment grew by 374% YoY while the Defence Engineering revenue declined by 22%. Absolute Ebitda grew by 131% YoY driven by lower input costs. Ebitda margin stood at 26% which is 1077 b…
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