Zen Technologies, a leading provider of anti-drone technology and defence training solutions, has announced its financial results for the fourth quarter of the fiscal year 2026, ending March 31. The company reported a consolidated order book of ₹1,336 crore, with new order inflows of ₹431 crore secured during the quarter.
The financial highlights for Q4 FY26 include a revenue of ₹178.08 crore, an EBITDA of ₹73.69 crore, and a profit after tax adjusted for non-controlling interest of ₹31.53 crore. The EBITDA margin stood at 41.38%, reflecting a decrease from the previous fiscal year’s 50.08% for the same quarter.
Zen Technologies noted that while the FY26 financial performance was muted compared to FY25, the company underwent significant structural transformation over the past two years. The company now offers five capabilities to the Armed Forces, including training simulation and systems, counter-drone solutions, automated weapons stations, combat robotics, and drones.
The company attributed the muted financial performance to delayed order conversion timings but expressed optimism for FY27, with a robust pipeline of opportunities and a majority of the current order book scheduled for execution in the upcoming fiscal year.
Zen Technologies also highlighted the positive contributions from its subsidiaries to the consolidated revenue and earnings, validating its capital allocation decisions over the years. The company plans to expand its product portfolio further, addressing capability gaps highlighted by recent operational realities.
The company is poised to benefit from the draft Defence Acquisition Procedure 2026 and the broader policy push towards Buy Indian IDDM, which continues to intensify the tailwinds initiated by the late Mr Manohar Parikkar. Globally, the strategic importance of layered counter-UAS systems and trained, combat-ready forces has been underscored, areas where Zen Technologies has built deep capability over three decades.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).