Paras Defence and Space Technologies Shows Positive Financial Performance in Recent Quarter

Paras Defence and Space Technologies, a smallcap company in the defence industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Sell'.

According to the financials, Paras Defence has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 11 to 15 in the last three months.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) for the half-yearly period, which stands at Rs 28.71 crore, showing a significant increase of 86.07% year on year. This trend is very positive for the company.

The company's net sales for the quarter have also shown a steady growth, with the highest recorded at Rs 87.09 crore. This is a positive sign for the company, as it has shown growth in each of the last five quarters.

Another positive aspect of the financial results is the growth in Profit Before Tax (PBT) less Other Income for the quarter, which stands at Rs 16.49 crore, showing a growth of 49.1% over the average PBT of the previous four quarters. This indicates a positive trend in the near term for the company.

However, there are some areas that need improvement for Paras Defence. The interest cost for the quarter has increased by 67.32% quarter on quarter, which signifies increased borrowings for the company. This is something that needs to be monitored closely.

Moreover, the company's Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, indicating a slowdown in the pace of settling its debtors.

Overall, Paras Defence and Space Technologies has shown positive financial performance in the recent quarter, but there are some areas that need attention. Investors should keep a close eye on the company's future financial results to make informed decisions.