Zen Technologies Ltd

Zen Technologies has been awarded a major contract from the Ministry of Defence, Government of India, totalling Rs 108 crore (including GST) for tank crew gunnery training simulators. Commenting on the development, Ashok Atluri, Chairman and Managing Director, Zen Technologies, said, This ₹108 crore order represents more than business growth'it's validation of indigenous R&D done right. Over a decade ago, we supplied our first tank simulators to the Indian Army. Back then, procurement systems weren't built to support single indigenous vendors. Today, this order proves what's possible when policy protects genuine Indian IP. A TERI study showed that just 15% penetration of crew gunnery simulators saves ₹1,123 crore annually for our armed forces'that's an 18:1 return on investment of ₹61 crore. These aren't just training tools; they're force multipliers that free up resources for more capability building. Operation Sindoor reminded us: procurement speed matters. The faster we can deploy indigenous solutions, the stronger we become. Powered by Capital Market - Live

According to the company's exchange filing, the order is expected to be executed within one year. The firm also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority, confirming that the transaction does not fall under related-party dealings as per regulatory norms. Zen Technologies provides defence training and anti-drone solutions. It builds 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 180+ patents and shipped more than 1,000 training systems around the world. On a consolidated basis, the company's net profit stood at Rs 59.4 crore in Q2 FY26, down 5.2% year-on-year from Rs 62.7 crore in Q2 FY25, though it rose 24.4% sequentially from Rs 47.8 crore in Q1 FY26. Total revenue came in at Rs 198.9 crore, declining 20.6% YoY from Rs 250.3 crore a year earlier, but up 10.5% QoQ from Rs 180 crore in Q1 FY26. The counter rose 0.69% to Rs 1,392 on the BSE. Powered by Capital Market - Live

Zen Technologies has received an order from Ministry of Defence, Government of India, valued at approximately Rs. 108 crore (including GST) for supply of Simulators.Powered by Capital Market - Live

These projects are slated for completion within a year. Ashok Atluri, chairman and managing director, Zen Technologies, said: 'Recent operations like Op Sindoor have made it clear the pace at which our defence systems evolve determines our ability to secure the nation. Imported systems evolve at a rate set by foreign vendors and their interests, not ours. Incidents like the pager malware operation highlight why control over every system component is vital. Buying Indian-designed, developed and manufactured products is not an option, it's a requirement for survival as drone and cyber threats keep evolving. Zen Technologies is committed to ensuring India is always one step ahead.' Zen Technologies provides defence training and anti-drone solutions. It builds 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 180+ patents and shipped more than 1,000 training systems around the world. On a consolidated basis, the company's net profit stood at Rs 59.4 crore in Q2 FY26, down 5.2% year-on-year from Rs 62.7 crore in Q2 FY25, though it rose 24.4% sequentially from Rs 47.8 crore in Q1 FY26. Total revenue came in at Rs 198.9 crore, declining 20.6% YoY from Rs 250.3 crore a year earlier, but up 10.5% QoQ from Rs 180 crore in Q1 FY26. Powered by Capital Market - Live

Zen Technologies has received two orders from Ministry of Defence, Government of India, for the upgradation of Anti-Drone Systems, with a total aggregate value of Rs 289 crore (including GST). Powered by Capital Market - Live

On a consolidated basis, the company's net profit (adjusted for non-controlling interest) stood at Rs 59.4 crore in Q2 FY26, down 5.2% year-on-year from Rs 62.7 crore in Q2 FY25, though it rose 24.4% sequentially from Rs 47.8 crore in Q1 FY26. Total revenue came in at Rs 198.9 crore, declining 20.6% YoY from Rs 250.3 crore a year earlier, but up 10.5% QoQ from Rs 180 crore in Q1 FY26. EBITDA stood at Rs 90.05 crore, nearly flat YoY compared with Rs 88.5 crore in Q2 FY25 and up 4.1% QoQ from Rs 86.5 crore in Q1 FY26. EBITDA margin expanded sharply to 51.9% from 36.6% a year ago but narrowed from 54.7% in Q1 FY26. Profit before tax (PBT) stood at Rs 82.3 crore, nearly unchanged YoY from Rs 82.4 crore, while rising 7.3% QoQ from Rs 76.7 crore in Q1 FY26. Total operating expenses fell 32.7% YoY to Rs 108.8 crore, reflecting strong cost control. Operational EBITDA (excluding other income) was Rs 65.5 crore, down 18.43% compared with Rs 80.3 crore in Q2 FY25 and almost flat compared with Rs 65.9 crore in Q1 FY26. This translated to an operational margin of 37.8%, down from 41.7% in the preceding quarter and 33.21% in the same quarter last year. Interest costs declined to Rs 2.04 crore from Rs 2.26 crore last year, while depreciation stood at Rs 5.71 crore, higher than Rs 3.84 crore in Q2 FY25. The total order book as at 30th September 2025 stood at Rs 675.04 crore. Ashok Atluri, chairman and managing director, said the company's Q2 revenue and profit were impacted by procedural delays in order finalisations. The fundamentals of our business remain solid, with strong liquidity and increasing value addition from subsidiaries. Looking ahead, we expect stronger subsidiary contributions as execution scales up and synergies are fully realised. Zen's financial position remains robust with liquidity of over Rs 1,100 crore as of 30 September 2025. In the aftermath of Operation Sindoor, the Government of India initiated a series of emergency procurement measures to address immediate operational requirements. As a result, the closure timelines for certain regular Requests for Proposals (RFPs) have been temporarily delayed. This development is procedural in nature and does not impact the underlying demand or long-term revenue visibility. The deferred orders remain active within the procurement system and are expected to be released in due course. We remain confident that the temporary headwinds being witnessed in FY26 will give way to a stronger performance in the years ahead, Atluri noted. Zen Technologies provides defence training and anti-drone solutions. It builds 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 180+ patents and shipped more than 1,000 training systems around the world. Powered by Capital Market - Live

The Board of ZEN Technologies on 25th October 2025 has granted 37,750 Employee Stock Options (ESOPs) convertible into equal no. of equity shares of face value of Re. 1/- each under the 'Zen Technologies Limited Employee Stock Option Plan ' 2021'.Powered by Capital Market - Live

Net profit of Zen Technologies declined 5.22% to Rs 59.40 crore in the quarter ended September 2025 as against Rs 62.67 crore during the previous quarter ended September 2024. Sales declined 28.23% to Rs 173.57 crore in the quarter ended September 2025 as against Rs 241.84 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales173.57241.84 -28 OPM %37.2433.08 - PBDT87.9186.21 2 PBT82.1982.37 0 NP59.4062.67 -5 Powered by Capital Market - Live

Zen Technologies will hold a meeting of the Board of Directors of the Company on 25 October 2025.Powered by Capital Market - Live

Zen Technologies announced that it has completed the acquisition of the remaining 24% equity stake in Applied Research International (ARIPL), following its earlier purchase of a 76% stake in February 2025. With this transaction, ARIPL has now become a wholly owned subsidiary of Zen Technologies. This strategic acquisition strengthens Zen Technologies' position as one of India's most diversified simulation and defence technology companies. Full ownership of ARIPL enables Zen to extend its simulation expertise into the naval and marine domains, complementing its existing leadership in land and air defence solutions. With this integration, Zen Technologies will now be able to deliver comprehensive, multi domain simulation and training systems that cater to the evolving requirements of the Indian Army, Navy and Air Force. This acquisition represents a key step in Zen's mission to provide advanced, indigenously designed defence technologies that enhance preparedness, reduce foreign dependency, and improve operational readiness across Indian armed forcesPowered by Capital Market - Live