Paras Defence and Space Technologies Ltd. has reported a significant surge in its consolidated net profit for the March quarter of fiscal year 2026 (Q4 FY26). The company's profit attributable to owners climbed by 74.34% year-on-year, reaching Rs 34.38 crore, up from Rs 19.72 crore in the same period last year.
Alongside the impressive profit figures, Paras Defence also saw its revenue from operations rise by 58.28% to Rs 171.31 crore in Q4 FY26, compared to Rs 108.23 crore a year ago. The company's board has also recommended a final dividend of Re 1 per equity share, each with a face value of Rs 5, for the financial year concluded on March 31, 2026.
Stock Performance and Analyst Outlook
Despite the robust earnings report, Paras Defence shares experienced a decline for the fourth consecutive trading session on Wednesday, May 13, 2026. The stock closed down 0.75% at Rs 794.80. However, even with this recent dip, the company's shares have shown resilience, increasing by 12.54% over the past month.
Market analysts have offered varied perspectives on Paras Defence's stock trajectory. Kranthi Bathini, an Equity Strategist at WealthMills Securities, noted that defence stocks, including Paras Defence, have seen a strong rally recently. Bathini suggested that valuations appear "stretched" from a short to medium-term perspective. Existing investors might consider holding their positions, while new investments could be more prudent on market dips, with a long-term view.
Technical Analysis and Price Targets
Virat Jagad, Senior Technical Research Analyst at Bonanza, highlighted that Paras Defence stock is currently trading near a crucial resistance zone of Rs 820-830, following a sharp recovery from lower levels. Jagad observed that the stock has maintained its position above its breakout support near Rs 780, indicating sustained buying interest. The momentum remains positive, with the Relative Strength Index (RSI) holding above the midline, although some consolidation near resistance levels is possible.
According to Jagad, a definitive breakout above Rs 830 could propel the stock towards price targets of Rs 870-900. Conversely, immediate support is anticipated around Rs 780. In contrast, AR Ramachandran, a Sebi-registered research analyst at Tips2trades, presented a more cautious outlook. Ramachandran stated that the stock remains bearish on daily charts, identifying strong resistance at Rs 888. He projected a potential slip towards the Rs 715 level in the near term.