Zen Technologies Limited has informed the Exchange about Transcript
ZENTEC · price
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Zen Technologies reported a soft Q1 FY2026, with standalone revenue falling ~55% YoY to Rs. 111 Cr, as ~60-70 Cr of equipment revenue was deferred to Q2 due to design changes requested by the end user amid evolving war realities. Consolidated revenue came in at Rs. 158 Cr (down 38% YoY) with operational EBITDA margin of 40.90% (above the 35% benchmark) and PAT of Rs. 47.75 Cr. Management maintained its 6,000+ Cr revenue target over FY26-FY28 and is confident of receiving ~650 Cr of simulator orders by end of September, with the company being the sole qualified vendor. Current order book stands at ~750 Cr, and significant H2 order inflow is expected across both simulators and anti-drone systems (especially with hard-kill capability), driven by post-Operation Sindoor procurement. Export pipeline is building across Africa, Middle East, CIS, and Southeast Asia, with FY2027 expected to be a breakout year for exports.
Q1 weakness appears largely timing-related rather than structural, with deferred revenue and order pipeline visibility (650 Cr near-term, 6,000+ Cr 3-year target) supporting the medium-term growth story. Investors should watch for execution of the pending simulator order and acceleration of anti-drone system wins in H2 FY26 as the key catalysts.