Mumbai, October 27 (Monday): Shares of Zen Technologies Limited fell sharply by 5.48% to ₹1,320 in Monday’s session after the defence technology firm reported a 4.7% year-on-year (YoY) decline in net profit for the quarter ended September 30, 2025 (Q2 FY26). The stock dropped ₹76.50 from its previous close of ₹1,396.50, taking its market capitalization to ₹119.02 billion on the NSE.
The Hyderabad-based company posted a net profit of ₹59.4 crore, compared to ₹62.3 crore in the same period last year. Revenue fell 28.3% YoY to ₹173.6 crore, down from ₹242 crore in Q2 FY25. EBITDA also declined 19% to ₹65 crore, although EBITDA margin improved to 37.2% from 33% a year ago, indicating better cost management.
Q2 FY26 Financial Performance
| Metric | Q2 FY26 | Q2 FY25 | Change (YoY) | Q1 FY26 | Change (QoQ) |
|---|---|---|---|---|---|
| Revenue | ₹173.6 crore | ₹242 crore | ↓ 28.3% | ₹158.2 crore | ↑ 9.7% |
| EBITDA | ₹65 crore | ₹80 crore | ↓ 19% | ₹70.3 crore | ↑ 8.9% |
| EBITDA Margin | 37.2% | 33% | ↑ 4.2 p.p. | 36.3% | ↑ 0.9 p.p. |
| Net Profit | ₹59.4 crore | ₹62.3 crore | ↓ 4.7% | ₹53.1 crore | ↑ 16.6% |
On a sequential (QoQ) basis, Zen Technologies reported improvement across all key metrics, with revenue rising 9.7% and net profit growing 16.6%.
The company, which specializes in anti-drone systems and defence training simulators, reported an order book of ₹675.04 crore as of September 30, 2025.
Earlier this month, Zen Technologies received a ₹37-crore order from the Ministry of Defence for indigenous anti-drone systems with hard-kill capabilities, which is to be executed within a year. The company clarified that this order does not constitute a related-party transaction and that its promoters have no interest in the awarding entity.
Stock Update:
- Current Price: ₹1,320.00
- Change: -5.48% (-₹76.50)
- Market Cap: ₹119.02 billion
- Day Range: ₹1,305 – ₹1,360
- Year Range: ₹945.35 – ₹2,627.00
- P/E Ratio: 46.99
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