Zen Technologies reported a consolidated net profit of ₹47.75 crore for the first quarter of FY26, while revenue from operations stood at ₹158.22 crore. The company's order book as of June 30, 2025, was ₹754.56 crore.
| Particulars | Q1 FY26 (Unaudited) | Q4 FY25 (Audited) | Q1 FY25 (Unaudited) |
|---|---|---|---|
| Sales | 158.22 | 324.97 | 254.62 |
| Other Operating Revenue | 21.79 | 24.77 | 3.11 |
| Total Revenue | 180.01 | 349.74 | 257.73 |
| Total Operating Expenses | 93.51 | 187.00 | 143.26 |
| EBITDA | 86.50 | 162.74 | 114.46 |
| EBITDA Margins | 54.67% | 50.08% | 44.95% |
| Operational EBITDA | 64.70 | 137.97 | 111.35 |
| Operational EBITDA Margins | 40.90% | 42.46% | 43.73% |
| Interest Cost | 3.46 | 3.95 | 1.20 |
| Depreciation | 6.34 | 4.75 | 3.01 |
| Profit Before Tax | 76.21 | 153.99 | 110.25 |
| Profit After Tax (Adjusted for Non-Controlling Interests) | 47.75 | 101.04 | 76.81 |
Financial Performance
In Q1FY26, Zen Technologies reported consolidated revenue from operations of ₹158.22 crore, compared to ₹254.62 crore in Q1FY25. The operational EBITDA stood at ₹64.70 crore, with a margin of 40.90%. The profit after tax, adjusted for non-controlling interests, was ₹47.75 crore.
Operational Highlights
The company's consolidated order book as of June 30, 2025, stood at ₹754.56 crore, which includes ₹148.58 crore relating to subsidiary companies. The order book comprises ₹637.15 crore from domestic sources and ₹117.41 crore from exports.
Management Commentary
Mr. Ashok Atluri, Chairman & Managing Director, commented that the Q1FY26 results reflect a moderation in topline growth, which is believed to be a temporary adjustment phase. He emphasized that the business fundamentals remain strong, with maintained EBITDA and PAT margins. The company has a debt-free balance sheet and liquidity of ₹918 crores as of June 30, 2025. Zen Technologies is confident in achieving its order inflow guidance of ₹800 crores for H1FY26, with ₹150 crores already secured.
Strategic Acquisitions
Zen Technologies has completed four strategic acquisitions to diversify capabilities and expand market reach across land, air, and sea defense domains. These include Applied Research International Private Limited, Vector Technics Private Limited, Bhairav Robotics Private Limited, and TISA Aerospace Private Limited. The acquisition of TISA Aerospace Private Limited marks an expansion into the high-growth UAV and loitering munitions segment.
R&D Expenses
The company's R&D expenses for Q1FY26 were ₹6.97 crore, compared to ₹6.99 crore in Q1FY25.
