Aerospace & Defence company Zen Technologies announced Q1FY26 results Consolidated financial highlights: Revenue stood at Rs 158.22 crore for Q1FY26 Operational EBITDA at Rs 64.70 crore for Q1FY26 PAT stood at Rs 47.75 crore for Q1FY26 Standalone financial highlights: Revenue stood at Rs 111.06 crore for Q1FY26 Operational EBITDA at Rs 38.05 crore for Q1FY26 PAT stood at Rs 37.12 crore for Q1FY26 Ashok Atluri – Chairman and Managing Director, said: “Our Q1FY26 results reflect moderation in topline growth, we believe this is a temporary adjustment phase with a much stronger long term growth trajectory. Despite this temporary moderation, our business fundamentals remain strong. We have successfully maintained our EBITDA and PAT margins, reflecting strong operational discipline and cost efficiency. Our consolidated order book stands at Rs 754 crore and maintain a debt free balance sheet. Our Consolidated performance was further supported by strong contributions from our subsidiaries —Applied Research International Private Limited (ARIPL), in which we are consolidating 100% of the financials, and Unistring Tech Solutions Private Limited (UTS), with 51% consolidation. Our financial position remains robust, with liquidity of Rs 918 crore as of June 30, 2025, providing significant flexibility to pursue emerging growth opportunities. During the quarter, we advanced strategic priorities through the successful acquisition of TISAAerospace Private Limited (76% shareholding). This acquisition marks expansion into the high-growth UAV and loitering munitions segment, aligning our portfolio with emerging global defense requirements. Integration efforts across our recently acquired subsidiaries is progressing well and these subsidiaries are already contributing to enhanced operational synergies. Looking ahead to H1FY26, we remain confident in achieving our order inflow guidance of Rs 800 crore. Out of which we have secured orders amounting to Rs 150 crore till date, with the remaining Rs 650 crore expected to materialize within the first half. In addition, we expect orders to be placed under the government’s emergency procurement plan, particularly for anti-drone systems Our robust pipeline, combined with continued policy support for indigenous manufacturing, positions us well for sustained growth. While FY26 is likely to be a year of consolidation, we remain focused on executing our long-term strategy and are confident in maintaining our targeted cumulative revenue of Rs 6,000 crore over the next 3 financial years." Result PDF
Aerospace & Defence company Zen Technologies announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Sales stood at Rs 293.50 crore compared to Rs 135.71 crore in Q4FY24. Total Revenue came in at Rs 317.85 crore, up from Rs 138.04 crore in Q4FY24. EBITDA stood at Rs 118.73 crore versus Rs 47.41 crore in Q4FY24. EBITDA Margin was 40.45%, up from 34.93% in Q4FY24. Interest Cost stood at Rs 3.61 crore compared to Rs 0.63 crore in Q4FY24. Profit Before Tax (PBT) was Rs 112.18 crore compared to Rs 44.56 crore in Q4FY24. Profit After Tax (PAT) stood at Rs 84.92 crore compared to Rs 33.04 crore in Q4FY24. FY25 Financial Highlights: Sales were Rs 930.67 crore compared to Rs 430.28 crore in FY24. Total Revenue stood at Rs 988.45 crore compared to Rs 444.21 crore in FY24. Total Operating Expenses were Rs 616.95 crore compared to Rs 253.04 crore in FY24. EBITDA was Rs 371.50 crore versus Rs 191.16 crore in FY24. EBITDA Margin stood at 39.2%, compared to 44.43% in FY24. Interest Cost amounted to Rs 9.42 crore compared to Rs 1.84 crore in FY24. Profit Before Tax (PBT) was Rs 351.99 crore compared to Rs 182.00 crore in FY24. Profit After Tax (PAT) came in at Rs 262.95 crore versus Rs 129.23 crore in FY24. Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “Zen Technologies has surpassed its guidance for FY25, achieving a top line of over Rs 900 crore, along with EBITDA and PAT margins exceeding the guided 35% and 25% respectively-marking the highest-ever quarterly and annual performance in the company’s history During the quarter, we secured a significant order from the Ministry of Defence for Integrated Air Defence Combat Simulators (IADCS) for the L70 gun, which we expect to execute within this financial year. On the acquisition front, we have made substantial progress. We acquired a 76% stake in ARIPL in February 2025, with the remaining 24% to be acquired in the current financial year. ARIPL brings deep expertise in marine and naval simulation, and we see strong potential for synergies. With the strategic acquisition of 51% stake in Vector Technics - one of the few indigenous manufacturers of critical drone components - we have entered the core of the drone eco-system. Further, we have acquired 45.33% inBhairav Robotics, a company focused on robotics and autonomous weapons systems. These acquisitions mark a significant step forward in the direction of next generation defence technologies and future ready national security solutions. Our liquidity position remains robust at approximately Rs 1,037 crore, reflecting our disciplined working capital management and enabling us to pursue growth initiatives and invest strategically in future capabilities. We continue to evaluate inorganic growth opportunities to further strengthen our portfolio. We have significantly increased our R&D; investments, not only to enhance current offerings but also to build a pipeline of innovative products that will address emerging defence requirements. In line with this, we are planning an expansion of our existing R&D; centre with an investment of close to Rs 70 crore, to further accelerate product development and create new opportunities for long-term growth. The evolving nature of modern warfare has highlighted the importance of advanced counter-drone systems and comprehensive training solutions. We have delivered band independent counter drone systems for the first time in India. These system proved very effective in the recent operations conducted by the Armed forces. We acknowledge the Ministry of Defence and the Government of India for their continued trust in the Indian industrial capability to innovate and betting substantial investments there. We will continue to deliver solutions that enhance operational readiness and contribute to national security. We take pride inserving the nation and stand ready to support our security forces in all circumstances.” Result PDF