Zen Technologies announced its Q2FY26 results, highlighting continued operational strength despite procedural delays in order finalizations. Revenue stood at ₹173.57 Crore, with an operational EBITDA of ₹65.54 Crore. The company maintains a strong liquidity position with over ₹1,100 crore in cash reserves and continues to invest in R&D to enhance its technology portfolio. Zen is experiencing increased interest, particularly for its anti-drone systems.
Financial Performance Overview
Zen Technologies reported its unaudited financial results for the quarter ended September 30, 2025 (Q2FY26). Key highlights include:
- Revenue: ₹173.57 Crore (Consolidated)
- Operational EBITDA: ₹65.54 Crore (Consolidated)
- PAT (adjusted for NCI): ₹59.40 Crore (Consolidated)
Standalone Financials
- Revenue: ₹124.65 Crore
- Operational EBITDA: ₹42.10 Crore
- PAT: ₹46.16 Crore
Management Commentary
According to Mr. Ashok Atluri, Chairman and Managing Director, the Q2FY26 performance reflects continued operational strength and disciplined execution. He noted that revenue and profit were impacted by procedural delays in order finalizations. The company’s fundamentals remain solid, with strong liquidity and increasing value addition from subsidiaries. He also mentioned an increased interest for its anti-drone systems after the ‘Operation Sindoor’.
EBITDA Margins
The company’s operational EBITDA margins remained healthy, demonstrating the ability to sustain profitability even amid temporary fluctuations in revenue.
- Q2FY26: 37.76%
- Q1FY26: 41.67%
- Q2FY25: 33.21%
- H1FY26: 39.62%
Financial Position
Zen Technologies maintains a robust financial position with liquidity of over ₹1,100 crore as of September 30, 2025. The Company continues to prioritize R&D investments to deepen its technological edge and expand its product portfolio.
Emergency Procurement Measures
Following the aftermath of Operation Sindoor, the Government of India initiated a series of emergency procurement measures to address immediate operational requirements. Closure timelines for regular Requests for Proposals (RFPs) have been temporarily delayed. This is procedural and does not impact underlying demand. Deferred orders remain active and are expected to be released in due course.
About Zen Technologies
Zen Technologies Limited is a provider of Defence Training and Anti-Drone solutions. With a dedicated R&D and production facility in Hyderabad, the company has applied for over 180+ patents and shipped more than 1,000 training systems around the world.
Source: BSE
