Zen Technologies Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

Revenue from operations spiked 277.44% year on year (YoY) to Rs 241.68 crore in the quarter ended September 2024.

Profit before tax stood at Rs 83.45 crore in Q2 FY25, registering a growth of 242.99% from Rs 24.33 crore reported in the same period a year ago.

The company’s operational EBITDA grew by 264.98% to Rs 79.42 crore in Q2 FY25 as compared to Rs 21.76 crore posted in Q2 FY24. EBITDA margin jumped to 32.86% in Q2 FY25 as against 33.98% reported in Q2 FY24.

On half year basis, the company’s net profit jumped 116.24% to Rs 139.41 crore in Q2 FY25 as against Rs 64.47 crore posted in Q2 FY24. Revenue from operations rallied 152.25% year on year to Rs 495.64 crore in Q2 FY25.

Ashok Atluri, chairman and managing director, said, “I am pleased to share the results for Q2FY25, which reflect a solid continuation of the growth we achieved in Q1FY25. Our revenue from operations for Q2FY25 reached Rs 241.69 crore, a significant increase of 277% compared to Rs 64.03 crore in Q2FY24. Our operational EBITDA for the quarter was Rs 79.42 crore, representing a growth of 265% from Rs 21.76 crore in the same period last year, while our profit after tax stood at Rs 65.24 crore, up 276% from Rs 17.34 crore.

We have exceeded the revenue and profit after tax of the previous year FY24 in the H1FY25 itself. As of 30th September 2024, our order book is strong at Rs 956.74 crore, positioning us well for future growth.

During the quarter, we successfully completed a Qualified Institutional Placement (QIP), raising Rs 1000 crore. This initiative received strong response, with subscriptions exceeding five times the issue amount. Notable marquee investors who have been allotted equity shares through our recent Qualified Institutional Placement (QIP) include Kotak Mutual Fund, Motilal Oswal and White Oak Offshore. Their participation underscores the confidence in our growth strategy and future prospects.

As of September 30, 2024, the company has a robust liquidity position with balances in banks totalling Rs 1,103 crore. This strong cash reserve positions us favourably for future R&D investments and strategic acquisitions. Continuing our commitment to organic and inorganic growth strategies, we are actively evaluating potential acquisition opportunities in simulator and electronic warfare technologies aligned with our strategy. Our dedication to innovation, coupled with strategic investments in research and development, ensures we remain poised to capitalise on burgeoning demand driven by military modernisation initiatives globally.”

Zen Technologies is a pioneer and leader in providing world class state-of-theart Defence Training and Anti-Drone solutions and has a proven track record in building training systems for imparting defense training and measuring combat readiness of security forces. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 155 patents and shipped more than 1,000 training systems around the world.

Shares of Zen Technologies fell 1.51% to Rs 1,850 on the BSE.

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Net profit of Zen Technologies rose 310.14% to Rs 62.67 crore in the quarter ended September 2024 as against Rs 15.28 crore during the previous quarter ended September 2023. Sales rose 263.67% to Rs 241.84 crore in the quarter ended September 2024 as against Rs 66.50 crore during the previous quarter ended September 2023.

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Zen Technologies will hold a meeting of the Board of Directors of the Company on 2 November 2024

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Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.

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