Paras Defence and Space Technologies has announced a strategic joint venture with HevenDrones Israel, an independent subsidiary of Heven � a US-based global company that is recognised for its autonomous, hydrogen-powered and mission-specific drones. The JV will establish a new entity in India to design, manufacture and supply next-generation drone systems tailored for India`s defence and homeland security landscape, with long-term plans to address global markets. The JV combines Paras Defence`s engineering and manufacturing ecosystem with HevenDrones` proprietary platforms. The JV will serve as the exclusive vehicle for bringing this revolutionary hydrogen-powered drone technology to India for the first time. This partnership positions the JV among the first in the country to offer ready-to-fly, proven hydrogen-powered drones with enhanced flight endurance and modular payload capabilities�designed, manufactured, and deployed from Indian soil. The JV will prioritize deployment in domains such as logistics support for remote and border regions, tactical surveillance, defence supply chains, and high-altitude missions.Both companies are contributing significant capabilities, with HevenDrones transferring intellectual property, production manuals, and working prototypes, while Paras Defence will oversee manufacturing, sales, local compliance, and operational delivery.transfer will include training programs, and governance will be overseen by a board comprising a director from each company, who will together appoint a CEO, CFO, and COO. Powered by Capital Market - Live News

Net profit of Paras Defence and Space Technologies rose 97.79% to Rs 19.72 crore in the quarter ended March 2025 as against Rs 9.97 crore during the previous quarter ended March 2024. Sales rose 35.81% to Rs 108.23 crore in the quarter ended March 2025 as against Rs 79.69 crore during the previous quarter ended March 2024.For the full year,net profit rose 97.97% to Rs 63.47 crore in the year ended March 2025 as against Rs 32.06 crore during the previous year ended March 2024. Sales rose 43.85% to Rs 364.66 crore in the year ended March 2025 as against Rs 253.50 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales108.2379.69 36 364.66253.50 44 OPM %26.1415.37 -26.6620.12 - PBDT30.5115.50 97 98.5453.83 83 PBT26.7112.11 121 83.6140.47 107 NP19.729.97 98 63.4732.06 98 Powered by Capital Market - Live News

Paras Defence & Space Techs. announced that the Board of Directors of the Company at its meeting held on 30 April 2025, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Paras Defence and Space Technologies at its meeting held on 30 April 2025 has approved sub-division of equity shares of existing 1 equity share of Rs 10 each fully paid-up into 2 equity shares of Rs 5 each fully paid-up, subject to shareholders` approval. Powered by Capital Market - Live News

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live News