Paras Defence And Space Technologies (NSE:PARAS) Operating Income : ₹823 Mil (TTM As of Mar. 2025)

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What is Paras Defence And Space Technologies Operating Income?

Paras Defence And Space Technologies's Operating Income for the three months ended in Mar. 2025 was ₹245 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ₹823 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Paras Defence And Space Technologies's Operating Income for the three months ended in Mar. 2025 was ₹245 Mil. Paras Defence And Space Technologies's Revenue for the three months ended in Mar. 2025 was ₹1,082 Mil. Therefore, Paras Defence And Space Technologies's Operating Margin % for the quarter that ended in Mar. 2025 was 22.63%.

Warning Sign:

Paras Defence And Space Technologies Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.4%.

Paras Defence And Space Technologies's 5-Year average Growth Rate for Operating Margin % was -4.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Paras Defence And Space Technologies's annualized ROC % for the quarter that ended in Mar. 2025 was 11.40%. Paras Defence And Space Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 23.24%.

Paras Defence And Space Technologies Operating Income Historical Data

The historical data trend for Paras Defence And Space Technologies's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paras Defence And Space Technologies Operating Income Chart

Paras Defence And Space Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Operating Income

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358.06

453.53

481.66

377.00

822.80

Paras Defence And Space Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Operating Income	Get a 7-Day Free Trial															88.60	204.70	190.60	182.60	244.90

Paras Defence And Space Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹823 Mil.

Paras Defence And Space Technologies (NSE:PARAS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Paras Defence And Space Technologies's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

	ROC % (Q: Mar. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Mar. 2025 ))	/ count )
=	979.6 * ( 1 - 22.01% )	/	( (0	+	6703.5)	/ 1 )
=	763.99004	/	6703.5
=	11.40 %

where

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8519.6	-	685	-	( 1131.1	-	max(0, 1910.1	-	5984.5	+	1131.1	))
=	6703.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Paras Defence And Space Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Mar. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1144.4	/	( ( (0 + max(0, 0))	+	(1873.1 + max(3051.9, 0)) )	/	1 )
=	1144.4	/	( ( 0	+	4925 )	/	1 )
=	1144.4	/	4925
=	23.24 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2947.8	+	1508.5	+	278.3)	-	(685	+	0	+	997.7)
=	3051.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Paras Defence And Space Technologies's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	244.9	/	1082.3
	=	22.63 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Paras Defence And Space Technologies Operating Income Related Terms

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Paras Defence And Space Technologies Business Description

Industry

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543367:India

Address

D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai, MH, IND, 400706

Website

https://www.parasdefence.com

Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems, and Defence Engineering. The maximum revenue for the company is derived from its Defence Engineering segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.

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