Announced Wed, 13 May · 14:54 IST

Paras Defence And Space Technologies Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

PARAS · price

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹807.80
prior close
₹806.85
base price
In-mkt
timing
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AI summary

Paras Defence and Space Technologies Limited reported strong FY2026 results with standalone revenue of Rs. 41,654 Lakhs (up 25% YoY) and consolidated revenue of Rs. 47,657 Lakhs (up 31% YoY). Standalone net profit grew to Rs. 8,318 Lakhs while consolidated profit reached Rs. 8,946 Lakhs. The Board recommended a final dividend of Rs. 1 per share (face value Rs. 5). Re-appointed M/s SML and Co. LLP as Internal Auditor and M/s Dinesh Jain & Company as Cost Auditor for FY2026-27. The company also completed divestment of 58.02% stake in subsidiary Ayatti Innovative Private Limited in March 2026, generating a gain of Rs. 291 Lakhs (exceptional item). EPS stands at Rs. 10.32 (standalone) and Rs. 10.93 (consolidated).

Likely market impact

The company delivered robust growth across segments (Optics & Optronics and Defence Engineering). The dividend and strong profit growth are positive signals for shareholders. The auditor re-appointments indicate continuity in governance.