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Paras Defence, HAL drive Q4 earnings surge in India's defence stocks

Strong fourth-quarter results from private defence firms including Paras Defence and Bharat Dynamics lift sentiment amid expectations of robust FY26 order flows

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Private defence companies are likely to outperform their public players. (Photo: PTI)

BS Reporter Mumbai

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The Q4 earnings of defence stocks have shown strong momentum, kicking off the new financial year on a high note. Here's a quick look.
 
Paras Defence & Space Technologies: Q4 and FY25 revenue growth between 35 and 44 per cent.  
Solar Industries India: May post a 30 per cent revenue increase
Hindustan Aeronautics: Likely to show strong sequential growth of 88 per cent.
Bharat Electronics: Growth of 44 per cent expected.
 
Furthermore, private defence companies are likely to outperform their public players, as analysts forecast 25–40 per cent annual growth — well above the 15–18 per cent expected for public-sector peers. 
Read the full story by Ram Prasad Sahu here: India’s defence stocks rally on FY25 order surge, FY26 outlook
 

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First Published: May 05 2025 | 1:03 PM IST

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