Paras Defence declares 1:2 stock split, final dividend for FY25; Net profit surges 97% in Q1: Do you own?

Paras Defence and Space Technologies Share Price: Paras Defence and Space Technologies Ltd announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Wednesday, April 30, and the board declared two major corporate actions — stock split and final dividend for FY25.

The leading private defence and aerospace giant's board announced a stock split of 1:2 and a final dividend for shareholders. Paras Defence, which manufactures defence equipment, reported quarterly results after market closing.

Paras Defence stock split

Paras Defence announced a stock split of 1:2. “The split will make equity shares more affordable and attractive to invest in, encouraging greater participation of retail investors. It will also enhance the liquidity of the company’s shares in the market,” said the defence major.

In a regulatory filing to the stock exchanges, Paras Defence said, “The sub-division/ split of existing 1 (one) equity share of face value of Rs. 10 (Rupees Ten) each, fully paid- up into 2 (Two) equity shares of face value of Rs. 5/- (Rupees Five Only) each, fully paid- up, subject to shareholders’ approval.”

“The record date for the purpose of above sub-division/ split of equity shares shall be decided after obtaining approval for sub-division/split from the shareholders through postal ballot electronic voting process and will be intimated in due course,” added Paras Defence and Space Tech.

Paras Defence Dividend

Paras Defence and Space Technologies' board recommended a final dividend of ₹0.50 per equity share of ₹5 each for fiscal 2024-25 (FY25). According to Trendlyne data, this is Paras Defence's first-ever stock split and dividend announcement.

“…Recommended the payment of final dividend of Rs. 0.50 per equity share of Rs. 5/- each for the financial year ended March 31, 2025 (post the completion of the sub-division/ split of equity shares),” said Paras Defence.

"The date of the Annual General Meeting for the FY 2024-25, the record date for the purpose of the final dividend and the date from which dividend, if approved by the shareholders, will be paid, shall be communicated in due course," added the defence major.

Paras Defence Share Price Trend

On Wednesday, shares of Paras Defence opened at ₹1,384 and gained over six per cent to hit an intra day high of ₹1,469, before settling 2.11 per cent higher at ₹1,365.25 apiece on the BSE. The small-cap aerospace and defence major commands a market cap of ₹5,501.09 crore. Shares of Paras Defence have rallied 25 per cent in five days, 37 per cent in a month, 30 per cent in six months, and nearly 33 per cent year-to-date (YTD).

Paras Defence Q4 Results

Paras Defence and Space Technologies Ltd's reported a solid performance in the fourth quarter of FY25. The net profit nearly doubled from the same quarter last year. Paras Defence reported a 97 per cent surge in net profit to ₹19.7 crore from ₹10 crore in the year-ago period. Revenue increased by 35.8 per cent from the year-ago period to ₹108.2 crore.

Paras Defence's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹28.3 crore from ₹3.4 crore last year, while margins expanded by nearly 10 percentage points to 26.2 per cent from 15.6 per cent last year.

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