Paras Defence Q1 Results: Defence tech firm posts 43% profit growth; shares fall

Paras Defence and Space Technologies reported a 43% profit growth for the June quarter on Friday. Revenue grew 37% to ₹127.91 crore, while margins also improved. Despite these strong results, shares fell nearly 3% to ₹1,279. The firm also plans to sell its stake in Krasny Paras Defence Technologies soon.