Paras Defence and Space Technologies Limited (PARAS) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated August 03, 2026 3 min read

Paras Defence and Space Technologies enters the Q1 FY27 results season with a strong order pipeline but faces significant macroeconomic headwinds from currency volatility. Investors will be focused on whether the company can maintain its growth trajectory amid a 10.6% YoY rupee depreciation and how management plans to fund its ambitious Rs. 6,200 Cr semiconductor OSAT facility.

Quick Details

Results date	August 07, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 171.31 Cr
Previous quarter PAT	Rs. 38.88 Cr
Market cap	Rs. 10386.58 Cr
CMP	Rs. 1288.45

Paras Defence and Space Technologies Limited Q1 Results Date and Time

The board is scheduled to meet on Friday, Aug 07, 2026 to consider and approve standalone & consolidated unaudited financial results for Q1 FY27.

What to expect from Paras Defence and Space Technologies Limited's Q1 FY27 results

The company enters Q1 FY27 with a strong order book base of Rs. 928 Cr as of March 2025, though the quarter faces seasonal softness compared to the record Rs. 171.31 Cr consolidated revenue reported in Q4 FY26. The 10.6% YoY depreciation of the rupee against the dollar poses a material margin headwind, given the company's forex outgo exceeded inflows by 2.9x in FY25. Management's ability to maintain margins will be tested, as the sector faces broad commodity pressure and the company's own material costs were 44.6% of revenue in FY26. Investors will closely watch for any updates on the Rs. 6,200 Cr semiconductor OSAT facility MoU signed in July 2026, specifically regarding funding and construction timelines. The upcoming results will also provide the first opportunity to assess whether the company is on track to meet its 40–50% annual revenue growth guidance.

Key Things To Watch

Semiconductor OSAT Facility: Strategic update on the Rs. 6,200 Cr investment MoU for an IC packaging facility in Madhya Pradesh.

Clarity on funding mix between debt, equity, and government grants
Timeline for financial closure and commencement of construction
Ownership structure under subsidiary Paras Semiconductors

Defence Engineering Segment Recovery: Monitoring the sustainability of the segment's performance following its FY26 turnaround.

Explanation of the PBIT margin improvement to ~30.2% in Q4 FY26
Order book composition between Optics and Defence Engineering segments
Sustainability of current segment margins versus the FY25 full-year average of 20.4%

Forex and Margin Impact: Assessing the impact of the ~10% YoY rupee depreciation on import-heavy operations.

Quantification of forex impact on Q1 EBITDA margins
Status of pass-through pricing mechanisms in cost-plus defence contracts
Inventory buffer levels to mitigate raw material cost inflation

Performance vs Guidance Tracking: Tracking progress against stated annual growth targets.

FY27 revenue growth target — 40-50% annual goal under scrutiny
EBITDA margin range guidance for the new fiscal year

Frequently Asked Questions

What was Paras Defence's revenue in its previous quarter?

The company reported consolidated revenue of Rs. 171.31 Cr for Q4 FY26. This performance contributed to a record consolidated annual revenue of Rs. 476.57 Cr for FY26.

How does the company manage its foreign exchange exposure?

The company maintains a significant import dependence, with forex outgo exceeding inflows by 2.9x in FY25. Management mitigates this through competitive product positioning and by leveraging cost-plus pricing models in certain defence contracts.

Is the company on track with its previously stated revenue growth guidance?

Management previously guided for 40–50% revenue growth for FY26–FY27 but delivered 30.6% growth in FY26. The upcoming Q1 results will serve as the first formal update on the feasibility of the 40–50% annual target for FY27.