Paras Defence bags ₹45 crore order from BEL to supply air defence systems
Published on 21/08/2025 04:17 PM
Paras Defence bags ₹45 crore order from BEL to supply air defence systemsNavi Mumbai-based Paras Defence and Space Technologies on Thursday (August 21) announced about receiving an order from Bharat Electronics (BEL) worth approximately ₹45.32 crore for the supply of signal and data processing systems and multi-sensor fusion systems.By Vipal Durge August 21, 2025, 4:17:02 PM IST (Published)2 Min ReadNavi Mumbai-based Paras Defence and Space Technologies on Thursday (August 21) announced receiving an order from Bharat Electronics (BEL) worth approximately ₹45.32 crore for the supply of signal and data processing systems and multi-sensor fusion systems.
The domestic contract is to be completed within 29 months, according to the stock exchange filing.
Earlier in the month, the company signed a teaming agreement with Germany’s High Performance Space Structure Systems GmbH for working together on projects related to defence and space in the Indian region.
Paras Defence Q1 results
For the first quarter ended June, the defence products manufacturer posted weak earnings on the operational front, with net profit remaining flat at ₹15 crore, compared to the same period a year ago.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 8.7% from the year-ago period to ₹22 crore, while margins narrowed by over 500 basis points to 23.6% from 28.8% last year.
Revenue for the quarter, however, increased by 11.5% from last year to ₹93.2 crore. The company's Optics and Optronic Systems increased to ₹42.5 crore from ₹38.5 crore last year, while the Defence Engineering segment to ₹50.7 crore from ₹45 crore.
Shares of Paras Defence closed marginally lower at ₹675, down 0.8% on the BSE. The stock has gained as much as 34% year to date.Continue Reading(Edited by : Ajay Vaishnav)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsdefence stocksParas Defence and Space Technologies