Zen Technologies, a defense supplier, reported a 92% year-on-year increase in revenue, reaching Rs 254 crore for the June quarter. Net profit also rose by 92%, hitting Rs 74.18 crore. The growth is driven by rising orders for anti-drone warfare products and simulators.
“We are confident in achieving our target of Rs 900 crore turnover this financial year,” said Ashok Atluri, Chairman and Managing Director. Zen Tech’s current orderbook stands at Rs 1158.54 crore, mainly consisting of training simulators and anti-drone systems.
The company spent Rs 6.99 crore on research and development in the first quarter of FY25. The management aims to stabilize the business model and enhance profitability in the coming years. The Operational EBITDA was Rs 103.20 crore, up from Rs 66.17 crore a year ago.
The armed forces’ increased demand for tactical training has driven significant growth for Zen Tech. The company noted a rise in interest for advanced training following the Ukraine war. Zen Tech recently launched four new products: the Hawkeye anti-drone system, Barbarik URCWS, Prahasta quadruped, and Sthir Stab 640 stabilized sight.
These products are expected to open new revenue streams for the company. Zen Tech is also exploring partnerships with Original Equipment Manufacturers (OEMs) and looking for strategic acquisition opportunities.
Shares of Zen Tech ended Friday at Rs 1532, up 94% this year. Compared to a year ago, the shares have increased by 145%. Zen Tech’s simulators are increasingly used by the armed forces, and the government’s ambitious defence export targets are expected to benefit the company, according to the CMD.
