Paras Defence shares gain over 8% as board to consider stock split on April 30

The rally comes after the company’s announcement that its board of directors will consider a stock split and the declaration of a dividend on April 30, 2025, along with its financial results for the fourth quarter of FY25.

At 11:41 AM, the stock was trading 8.60% higher at ₹1,134.95 apiece on the NSE. It has seen a surge of 8.25% in the last 5 days, and for a month’s period, the shares have gained over 18%.

Paras Defence shares have advanced nearly 4% so far this year outperforming the NIFTY Microcap 250 index which has declined 17.18%, data from the National Stock Exchange showed.

“Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,” the company said in an exchange filing.

Earlier this month, Paras Defence had signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision Ltd, Israel, part of Controp and the Rafael Group, to become a exclusive supplier of advanced drone camera technology in India, at much lower cost.

For the third quarter of the financial year 2024-25, the company had reported a 125.82% increase in its consolidated net profit to ₹15.04 crore. The post-tax profit was ₹6.66 crore in the same period of the previous fiscal year.

Revenue from operations increased 33.63% to ₹85.77 crore in the December quarter of FY25, compared to ₹64.18 crore in the year-ago quarter.