Zen Technologies Q2 FY26 Revenue at ₹173.6 Crore; Maintains Robust Margins Despite Order Delays

Hyderabad, October 27: Zen Technologies Limited announced that it has reported strong financial results for the quarter ending September 30, 2025. Its consolidated revenue stood at ₹173.75 crore, while its PAT stood at ₹59.40 crore.

Zen Technologies Limited is an Indian company that is engaged in providing defence training solutions. It develops simulators for weapons and defence equipment. The company was established in 1993, and is headquartered in Hyderabad, Telangana. The shares of the company are listed on NSE with the ticker symbol ZENTEC and on BSE with the code 533339.

Sales At ₹173.57 Crore While Revenue At ₹198.88 Crore

In Q2 FY26, the company reported sales of ₹173.57 crore, compared to ₹158.22 crore in Q1 FY26 and ₹241.84 crore in Q2 FY25. Total revenue stood at ₹198.88 crore, higher than the ₹180.01 crore in the previous quarter but lower than ₹250.31 crore a year ago.

EBITDA improved to ₹90.05 crore from ₹86.49 crore in Q1 FY26, with the EBITDA margin at 51.88% versus 54.67% in the previous quarter and 36.58% in Q2 FY25. Operational EBITDA was ₹65.54 crore, compared to ₹65.93 crore in Q1 FY26.

Profit before tax stood at ₹82.30 crore, flat from ₹82.69 crore in Q1 FY26. Profit after tax (adjusted for NCI) came in at ₹59.40 crore, up from ₹47.75 crore in the previous quarter but below ₹62.67 crore in Q2 FY25.

For the first half of FY26, sales were ₹331.79 crore, compared with ₹496.46 crore in H1 FY25. Total revenue stood at ₹378.89 crore, and EBITDA was ₹176.55 crore, with an increased margin of 46.21% compared with 40.88% in the previous year. Profit before tax stood at ₹158.99 crore, while profit after tax rose to ₹107.15 crore from ₹139.48 crore in H1 FY25.

Operational Strength and Disciplined Execution

Chairman and Managing Director Ashok Atluri said: “Our fundamentals remain strong, backed by liquidity of over ₹1,100 crore and steady contributions from subsidiaries such as Applied Research International Pvt. Ltd. and Unistring Tech Solutions,” he noted. Atluri added: “We are already witnessing heightened interest in our anti-drone systems following real-world validation during Operation Sindoor,”.

Over ₹1,000 Crore in Cash and Cash Equivalents

Zen Technologies has a strong financial position, with over ₹1,100 crore in cash and equivalents as of September 30, 2025. Its subsidiaries, ARIPL and UTS, are performing well and contributing significantly to the company’s profits. The company continues to invest heavily in research and development (R&D) to improve its technology and create new products. Looking ahead, Zen Technologies expects strong growth, driven by the Indian government’s increased focus on using locally made (indigenous) technology for defence modernisation.

Share Movement Sees Fall By 5.49%

As of 9:25 AM, Zen Technologies Limited share price is down by 5.49%, or 76.60 points, and is trading at ₹1,319. Until now, the shares have traded within a range of ₹1,360 and ₹1,305. The current traded volume stands at 3.02 lakh shares, with the company’s market cap at ₹12,609 crore. The shares of the company have their 52-week high at ₹2,627 and their 52-week low at ₹945.35.

REF: https://nsearchives.nseindia.com/corporate/ZENTEC_26102025152024_SEPressRelease26102025.pdf

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