Paras Defence and Space Technologies Q4 Results 2026: Date, Revenue, PAT And Analyst Outlook

Paras Defence and Space Technologies (NSE: PARAS) is preparing to announce its Q4 FY26 financial results for the quarter ended March 31, 2026. With Paras Defence and Space Technologies trading at Rs 680 — against a 52-week high of Rs 1,050 and a 1-year return of -32% — the Q4 FY26 results will be a pivotal event for investors tracking the Defence/Space sector.

Analyst estimates for Q4 FY26 revenue stand at Rs 95–115 Cr, with PAT expectations of Rs 14–20 Cr and margin projections of EBITDA 18–24%. This article covers the Paras Defence and Space Technologies Q4 results 2026 date, detailed earnings estimates, five key performance factors, five risks to monitor, analyst ratings, and answers to the most commonly searched investor questions.

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Paras Defence and Space Technologies Q4 Results 2026 Date

Paras Defence and Space Technologies has scheduled its Q4 FY26 results for May 2026 (Expected). The board of directors will meet to approve audited financial statements for the quarter ended March 31, 2026, and to consider a final dividend recommendation. At a CMP of Rs 680, investors will closely watch this announcement for revenue growth confirmation and FY27 guidance.

Why This Quarter Matters

Q4 FY26 is the final quarter of the financial year — it determines full-year FY26 performance, sets the FY27 estimate base, and triggers final dividend announcements. For Paras Defence and Space Technologies, operating in the Defence/Space sector, Q4 will reveal whether earlier-quarter momentum has sustained and whether management’s strategic initiatives are delivering measurable financial outcomes.

At a 1-year return of -32%, the Q4 FY26 results and FY27 guidance commentary will be critical in determining whether the stock can recover toward its 52-week high of Rs 1,050. Investors will focus on order book updates, margin trajectory, and management tone — positive surprises on multiple parameters could drive a meaningful re-rating.

Paras Defence and Space Technologies Q4 FY26 Earnings Estimates

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Analysts covering Paras Defence and Space Technologies have published Q4 FY26 estimates reflecting sector trends and company-specific catalysts. Consensus points to revenue of Rs 95–115 Cr, PAT of Rs 14–20 Cr, and margins of EBITDA 18–24%. These projections incorporate Q4 seasonal strength and ongoing business improvements.

Beyond headline numbers, investors should monitor FY27 guidance commentary, working capital trends, and order book visibility. A clean recurring profit print — rather than one inflated by non-operational items — carries greater weight with long-term investors.

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5 Key Factors That Will Drive Paras Defence and Space Technologies Q4 FY26 Performance

Defence Order Book Execution

Paras Defence has an order book of Rs 450–500 Cr — roughly 4x annual revenue — providing strong revenue visibility for the next 2–3 years. Q4 FY26 revenue execution against this order book will be the primary financial metric. Strong execution above Rs 100 Cr would confirm that delivery timelines are on track.

Optics and Electro-Optical Systems

Paras is India’s leading manufacturer of defence optics — night vision devices, periscopes, and electro-optical systems — for the Indian Army, Navy, and Air Force. The government’s push toward defence indigenisation under the Atmanirbhar Bharat initiative directly benefits Paras. Q4 FY26 will reveal new order wins from the domestic defence forces.

Space Technology and ISRO Programs

Paras has been expanding into space technology components for ISRO programs. Q4 FY26 will reflect the revenue contribution from space segment orders. This is an emerging segment with significant long-term growth potential as India’s space program expands — commentary on space order pipeline will be watched by investors.

EMP Protection Products

Paras manufactures electromagnetic pulse (EMP) protection equipment for India’s critical infrastructure and defence installations. Growing demand for EMP protection — driven by global geopolitical tensions and India’s defence modernisation — represents a recurring revenue stream with high margins.

Export Opportunities in Defence

Paras has been actively pursuing defence exports to friendly nations under the government’s defence export promotion initiative. Any export order announcement in Q4 FY26 would significantly re-rate growth expectations and demonstrate the international competitiveness of Paras’s products.

5 Risks to Watch in Paras Defence and Space Technologies Q4 FY26

Order Delivery Delays

Defence equipment manufacturing involves complex supply chains and stringent quality requirements. Any delivery delay on large defence orders — common in the defence sector — would push revenue from Q4 FY26 into subsequent quarters and disappoint consensus estimates.

Customer Concentration in Government

Paras derives virtually all revenues from the Indian government — Army, Navy, Air Force, ISRO, DRDO. Budget cuts, procurement delays, or changes in government priorities could significantly impact Paras’s revenue pipeline.

Technology Obsolescence Risk

Defence technology evolves rapidly. Paras must continuously invest in R&D to maintain technological edge. Any failure to keep pace with technology changes could lead to loss of competitive position in future tenders.

Working Capital Intensity in Defence

Defence contracts typically involve long payment cycles from government customers. Elevated receivables from defence contracts create working capital pressure and require financing, increasing interest costs.

Small Scale vs. Large Peers

Paras is a niche specialist competing alongside BEL, L&T Defence, and global OEMs for larger programmes. Its small size limits its ability to bid for the largest contracts and creates execution risk if multiple orders ramp simultaneously.

Paras Defence and Space Technologies Share Price and Analyst Ratings

Paras Defence and Space Technologies is trading at Rs 680 as of early April 2026, against a 52-week high of Rs 1,050 and 52-week low of Rs 545. Market cap stands at Rs 1,680 Cr. The 1-year return of -32% reflects sector headwinds alongside company-specific factors. Analyst price targets range from the conservative to the optimistic, reflecting differing views on recovery pace and FY27 earnings potential.

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Conclusion

Paras Defence and Space Technologies Q4 FY26 results will demonstrate execution capability against its strong order book. At Rs 680, the stock is 35% below its 52-week high, with the market questioning execution timelines. Revenue above Rs 105 Cr would be a strong positive catalyst. Any new defence export order or space technology contract announcement would be the most powerful potential re-rating trigger. Consult a SEBI-registered advisor before investing.

This content is published by Univest, a SEBI-registered research and advisory platform. All analyst estimates and price targets cited are from publicly available broker notes. Past performance is not indicative of future results. Investors should conduct independent due diligence before making any investment decisions.

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Frequently Asked Questions

What is the Paras Defence and Space Technologies Q4 results 2026 date?

Paras Defence and Space Technologies Q4 FY26 results are scheduled for May 2026 (Expected). The board will meet to approve audited financial statements for the quarter ended March 31, 2026.

What is the Paras Defence and Space Technologies Q4 FY26 PAT estimate?

Analysts estimate Paras Defence and Space Technologies Q4 FY26 PAT in the range of Rs 14–20 Cr, on revenue of Rs 95–115 Cr and margin of EBITDA 18–24%. Actual results may differ from these estimates.

What is Paras Defence and Space Technologies’s share price ahead of Q4 results?

Paras Defence and Space Technologies shares are trading at approximately Rs 680 as of early April 2026. The 52-week high is Rs 1,050 and 52-week low is Rs 545. The one-year return is -32% and market cap stands at Rs 1,680 Cr.

Will Paras Defence and Space Technologies declare a dividend in Q4 2026?

Paras Defence and Space Technologies is expected to consider Rs 2–3 per share at the Q4 FY26 board meeting on May 2026 (Expected). The dividend decision reflects management’s confidence in FY26 free cash flow generation.

Which analysts have a Buy rating on Paras Defence and Space Technologies?

MOFSL (target Rs 850), YES Securities (target Rs 900) ahead of Q4 FY26 results.

What were Paras Defence and Space Technologies Q3 FY26 results?

In Q3 FY26, Paras Defence and Space Technologies reported revenue of Rs 82 Cr and PAT of Rs 12 Cr with margins at EBITDA 20.5%. These provided the base for Q4 FY26 analyst estimates.

When do Infosys and TCS announce Q4 results 2026?

TCS announced Q4 FY26 results on April 9, 2026 — full preview at TCS Q4 Results 2026. Infosys announced results on April 23, 2026.

Is Paras Defence and Space Technologies a good investment ahead of Q4 results?

Paras Defence and Space Technologies at Rs 680 offers a risk-reward contingent on Q4 execution and FY27 guidance. Investors should review analyst estimates, monitor the results announcement, and consult a SEBI-registered advisor before making investment decisions.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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