Paras Defence's Q1 margin beats Industrials median by 10.45 points
The consolidated quarter delivered Rs 20.74 cr of net profit, with Rs 1.94 cr of other income contributing to pre-tax earnings.
Filed 07 Aug 2026, 14:48 IST · Paras Defence and Space Technologies Ltd (PARAS)
Key takeaways
- Paras Defence reported a consolidated Q1FY27 operating margin of 24.95%, 10.45 percentage points above the Industrials median across 82 reported peers.
- Net profit was Rs 20.74 cr, while Rs 1.94 cr of other income supplemented profit before tax of Rs 28.02 cr.
- Depreciation of Rs 4.49 cr and interest of Rs 1.34 cr reduced operating profit of Rs 31.91 cr to profit before tax of Rs 28.02 cr.
Price around the results
Q1FY27 delivered a 24.95% operating margin
Paras Defence reported consolidated revenue of Rs 127.91 cr and operating profit of Rs 31.91 cr in Q1FY27. The resulting 24.95% operating margin was 10.45 percentage points above the 14.5% median for the 82 Industrials peers that had reported the quarter. With no year-on-year or sequential comparison provided, the sector comparison is the clearest measure of relative performance.
Other income supplemented an operating-led profit result
Operating profit of Rs 31.91 cr remained the main earnings source, while Rs 1.94 cr of other income added to profit before tax of Rs 28.02 cr. Depreciation of Rs 4.49 cr and interest of Rs 1.34 cr formed the main bridge between operating profit and pre-tax profit. The company reported a 25.98% tax rate and net profit of Rs 20.74 cr.
No market reaction or multi-quarter direction is available
The results were filed at 14:48 IST on 7 August 2026, and no post-results stock reaction is recorded. There is also no quarter-on-quarter, year-on-year or multi-quarter trend data to establish whether the margin is rising or falling.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹128 cr |
| Other income | ₹2 cr |
| Expenses | ₹96 cr |
| Operating profit | ₹32 cr |
| Operating margin (%) | 24.95% |
| Interest | ₹1 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹28 cr |
| Tax | ₹7 cr |
| Net profit | ₹21 cr |
| EPS (₹) | ₹2.63 |
Operating margin of 24.95% compares with a Industrials sector median of 14.50% across 82 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds around 24.95% in the next reported quarter.
- Whether other income remains near Rs 1.94 cr relative to profit before tax of Rs 28.02 cr.
- Whether depreciation and interest stay below Rs 4.49 cr and Rs 1.34 cr, respectively.