Zen Technologies Limited was incorporated in 1996. The company designs develop and manufacture combat training solutions and Counter-drone solutions for defense and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and the USA.
Q3 FY26 Earnings Results
Zen Technologies reported solid Q3 performance with revenue growth and strong order inflows despite some sequential profit moderation. Key financials reflect robust YoY gains in defence simulator and anti-drone segments.
- Revenue from Operations: Consolidated ₹178 cr (+17% YoY vs ₹152 cr, +2.5% QoQ vs ₹174 cr); total revenue ₹193 cr (+11% YoY); driven by anti-drone systems and training simulators.
- EBITDA: Operational EBITDA ₹67 cr (+51% YoY, +3% QoQ), margin 38.5% (+33% YoY); total EBITDA ₹82 cr (+24% YoY).
- PAT: ₹55 cr (+38% YoY vs ₹40 cr, −8% QoQ vs ₹59 cr), adjusted for NCI; EPS strong amid order execution.
- Other key metrics: New orders ₹931 cr (₹586 cr Q3 + ₹345 cr post-quarter); Anawave 76% acquisition completed.
Management Commentary & Strategic Decisions
- Favourable product mix and cost discipline drove margin expansion; sharp order acceleration signals strong defence pipeline.
- Strategic acquisitions (Anawave) and ESOP transfers completed; new labour codes increased gratuity provisions.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹199 cr (prior high base); EBITDA ₹90 cr (52% margin); PAT sustained profitability.
- Strong H1 order book momentum set stage for Q3 execution.
Management Commentary Q2
Consistent defence demand; focus on indigenous simulators, counter-drone tech driving growth trajectory.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.