Paras Defence And Space Technologies announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Paras Defence And Space Technologies Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Paras Defence And Space Technologies Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 72.95 %. However, it did see a marginal increase of 4.87 % from the previous quarter. Expenses decreased slightly by -11.82 % quarter-on-quarter, aligning with the annual rise of 58.25 %. Operating profit, while up 124.39 % compared to last year, faced a quarter-on-quarter increase of 96.73 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.61 %, but an expansion of 13.47 % sequentially. Other income fell by -89.42 % compared to the last quarter, despite an annual decline of -38.3 %. Interest expenses dropped significantly by -32.3 % from the previous quarter, yet the year-over-year increase remains at a moderate 115.49 %. Depreciation costs climbed by 7.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.24 %. Profit before tax grew annually by 149.04 % but saw an increase from the preceding quarter by 61.42 %.
Tax expenses as a percentage of profits increased slightly by 2.1 % compared to last year, with a more notable quarter-on-quarter increase of 6.83 %. Net profit rose by 142.86 % year-on-year but experienced a 46.98 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 147.4 % but a quarterly rise of 48.83 %. In summary, Paras Defence And Space Technologies Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Paras Defence And Space Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 72.95 % year-on-year growth, however, there was a minor increase of 4.87 % from the previous quarter. Expenses rose by 58.25 % compared to the previous year, with a decrease of -11.82 % quarter-on-quarter. Operating Profit surged by 124.39 % annually, and saw a 96.73 % increase from the last quarter.
Net Profit showed yearly increase of 142.86 %, and experienced a 46.98 % increase from the previous quarter. Earnings Per Share (EPS) rose by 147.4 % annually, however rose by 48.83 % compared to the last quarter. In essence, while Paras Defence And Space Technologies Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.