Defence company Zen Technologies announced Q1FY25 results: Revenue: Rs 253.96 crore, up by 92% YoY Operating EBITDA: Rs 103.2 crore, up by 56% PAT: Rs 74.2 crore, up by 57% YoY Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “I am pleased to share that Zen Technologies Limited has had an exceptionally strong start to FY25. Our revenue from operations for Q1FY25 came in at Rs 253.96 crore, recording a robust growth from Rs 132.45 crore in Q1FY24. This impressive growth is mirrored in our Operational EBITDA, which reached Rs 103.20 crore, and our net profit of Rs 74.18 crore, recording a growth of 56% and 57% year-on-year respectively. Our cornerstone remains in training and simulation, including technical training equipment like virtual simulators and live ranges. In the last few years, the armed forces have recognised the increasing need for tactical training, preparing soldiers for actual combat scenarios. This shift is expected to drive significant growth for our company. Furthermore, the surge in interest postUkraine war highlights the importance of competent training over merely acquiring advanced equipment Our early investment in counter-drone systems since 2018 has positioned us at the forefront of this critical technology. With the Government of India's focus on the Buy Indian IDDM category, we are well-placed to be the preferred supplier for the Indian Armed Forces. We continue to be an IP powerhouse, with over 155 global patents filed and about 75 granted. Our extensive library of software, electronic, and mechanical modules, developed over the last 30 years, enables rapid product realisation. This has allowed us to introduce innovative products like the Hawkeye anti-drone system, Barbarik URCWS, Prahasta automated quadruped, and Sthir Stab 640 stabilised sight, which are set to open new revenue streams. Our operational model, which leverages in-house R&D; and outsourced production, has enabled significant scalability with minimal capital expenditure, providing good operating leverage to our business. We are expanding our assembly and integration capabilities to support this growth. Additionally, we are experiencing strong regulatory tailwinds, including increased utilisation of simulators by the armed forces and aggressive export targets set by the government. Our strong balance sheet and ongoing investment in R&D; ensure we remain at the cutting edge of technology, ready to meet evolving customer needs. We are excited about the future and confident in meeting our guidance of Rs 900 crore of turnover in the current financial year. Thank you for your continued support.” Result PDF