Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.

The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promoter or promoter group interest is involved.

PDST specialises in designing, developing, manufacturing, and testing defence and space engineering solutions. Its offerings span four key segments: defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.

The company reported a 1.1 per cent increase in consolidated net profit to Rs 140.27 million on an 11.5 per cent rise in net sales to Rs 930.19 million in Q1 FY26 compared with Q1 FY25.