Particle.news
Download on the App Store
3 ARTICLES
·
4w ago

Paras Defence Approves First-Ever 1:2 Stock Split Following Q4 Profit Surge

After reporting record quarterly profits alongside a maiden dividend declaration, the company is set to announce a record date for its 1:2 stock split.

Image
Image

Overview

  • Shareholders approved the 1:2 share sub-division with 99.995% voting in favour during a postal ballot on June 7.
  • Paras Defence shares rose more than 1% in early trading on June 10 after the split approval was announced.
  • In Q4 FY25, net profit jumped 97% to Rs 19.7 crore and revenue climbed 35.8% to Rs 108.2 crore year-on-year.
  • EBITDA surged to Rs 28.3 crore, pushing margins up to 26.2% from 15.6% a year earlier.
  • Company executives are poised to declare the stock split’s record date, extending momentum from their first-ever dividend payout.