India's Paras Defence sees exports doubling in FY27 on war-linked demand

Paras Defence (PRAF.NS) expects its export revenue to at least double in fiscal 2027, citing Middle East-related demand for defence engineering products. The Mumbai-based company forecasts exports of 1.2 billion to 1.3 billion rupees (about $12.53 million-$13.58 million) versus 500 million to 600 million rupees last fiscal year, Technical and R&D Director Amit Mahajan said. Exports contributed roughly 10% of revenue in fiscal 2026. Paras also projects total revenue of 6 billion to 6.5 billion rupees in fiscal 2027, up from 4.77 billion. Orders have grown from Israel and the UAE, with France and Germany also increasing demand.