Aerospace & Defence company Zen Technologies announced Q2FY26 results Total Revenue: Rs 198.88 crore compared to Rs 250.31 crore during Q2FY25. EBITDA: Rs 90.05 crore compared to Rs 88.48 crore during Q2FY25. EBITDA Margin: 51.88% for Q2FY26 PBT: Rs 82.30 crore compared to Rs 82.37 crore during Q2FY25. PAT: Rs 59.40 crore compared to Rs 62.67 crore during Q2FY25. Ashok Atluri, Chairman & Managing Director, said: “Our Q2 performance reflects continued operational strength and disciplined execution, even as revenue and profit were impacted by procedural delays in order finalisations. The fundamentals of our business remain solid, with strong liquidity and increasing value addition from our subsidiaries. During the quarter, we reported lower turnover compared to the same period last year. Despite this, operational EBITDA margins remained healthy, demonstrating our ability to sustain profitability even amid temporary fluctuations in revenue. Contributions from subsidiaries, particularly Applied Research International Private Limited (ARIPL) and Unistring Tech Solutions (UTS), continued to reflect the success of Zen’s strategic investments. Looking ahead, we expect stronger subsidiary contributions as execution scales up and synergies are fully realised. Zen’s financial position remains robust with liquidity of over Rs 1,100 crore as of September 30, 2025. The Company continues to prioritise R&D; investments to deepen its technological edge and expand its product portfolio. In the aftermath of Operation Sindoor, the Government of India initiated a series of emergency procurement measures to address immediate operational requirements. As a result, the closure timelines for certain regular Requests for Proposals (RFPs) have been temporarily delayed. This development is procedural in nature and does not impact the underlying demand or long-term revenue visibility. The deferred orders remain active within the procurement system and are expected to be released in due course. At the same time, Operation Sindoor provided real-world validation of Zen’s operational equipment, following which the Company is experiencing increased interest, particularly for its anti-drone systems. We remain confident that the temporary headwinds being witnessed in FY26 will give way to a stronger performance in the years ahead, driven by our continued focus on innovation, disciplined execution and the expanding opportunities in India’s defence modernisation programme.” Result PDF
Aerospace & Defence company Zen Technologies announced Q1FY26 results Consolidated financial highlights: Revenue stood at Rs 158.22 crore for Q1FY26 Operational EBITDA at Rs 64.70 crore for Q1FY26 PAT stood at Rs 47.75 crore for Q1FY26 Standalone financial highlights: Revenue stood at Rs 111.06 crore for Q1FY26 Operational EBITDA at Rs 38.05 crore for Q1FY26 PAT stood at Rs 37.12 crore for Q1FY26 Ashok Atluri – Chairman and Managing Director, said: “Our Q1FY26 results reflect moderation in topline growth, we believe this is a temporary adjustment phase with a much stronger long term growth trajectory. Despite this temporary moderation, our business fundamentals remain strong. We have successfully maintained our EBITDA and PAT margins, reflecting strong operational discipline and cost efficiency. Our consolidated order book stands at Rs 754 crore and maintain a debt free balance sheet. Our Consolidated performance was further supported by strong contributions from our subsidiaries —Applied Research International Private Limited (ARIPL), in which we are consolidating 100% of the financials, and Unistring Tech Solutions Private Limited (UTS), with 51% consolidation. Our financial position remains robust, with liquidity of Rs 918 crore as of June 30, 2025, providing significant flexibility to pursue emerging growth opportunities. During the quarter, we advanced strategic priorities through the successful acquisition of TISAAerospace Private Limited (76% shareholding). This acquisition marks expansion into the high-growth UAV and loitering munitions segment, aligning our portfolio with emerging global defense requirements. Integration efforts across our recently acquired subsidiaries is progressing well and these subsidiaries are already contributing to enhanced operational synergies. Looking ahead to H1FY26, we remain confident in achieving our order inflow guidance of Rs 800 crore. Out of which we have secured orders amounting to Rs 150 crore till date, with the remaining Rs 650 crore expected to materialize within the first half. In addition, we expect orders to be placed under the government’s emergency procurement plan, particularly for anti-drone systems Our robust pipeline, combined with continued policy support for indigenous manufacturing, positions us well for sustained growth. While FY26 is likely to be a year of consolidation, we remain focused on executing our long-term strategy and are confident in maintaining our targeted cumulative revenue of Rs 6,000 crore over the next 3 financial years." Result PDF