Paras Defence Reports Strong Q3 Performance Amid Debt Collection Challenges

Paras Defence and Space Technologies has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a significant adjustment in its evaluation, with its score rising to 24 from 15 over the past three months.
Key highlights from the financial results indicate a strong operating profit to interest ratio, reaching its highest level in five quarters at 35.00 times, reflecting an enhanced capacity to manage interest obligations. Additionally, the profit before tax (PBT) has shown robust growth, recorded at Rs 17.62 crore, which is a 42.0% increase compared to the average PBT of the previous four quarters. The net sales for the half-year period also demonstrate positive momentum, amounting to Rs 172.86 crore, marking a year-on-year growth of 37.75%.

However, the company faces challenges, particularly with its debtors turnover ratio, which has reached its lowest point in five half-yearly periods at 1.21 times, indicating a slowdown in the pace of settling debts.

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