Zen Technologies reported a revenue dip for Q3 & 9MFY26 due to procurement delays but secured significant new orders totaling ₹931 crore in the last four months. This robust order inflow, driven by key wins in anti-drone systems and combat training solutions, sets the stage for stronger financial performance in FY27. The company is confident in sustained growth due to expanding capabilities and improving execution.
Order Wins Boost Future Outlook
Zen Technologies experienced a revenue impact in the quarter and nine months ending December 31, 2025, due to procurement delays. However, the company secured new orders aggregating ₹586 crore during Q3 FY26. Subsequent to the quarter’s end, it received additional orders worth ₹345 crore, bringing the cumulative order inflow to ₹931 crore in the last four months.
Key Order Highlights
The order book includes a ₹245 crore order for upgrading Anti-Drone Systems, reinforcing the importance of indigenous defense technologies. Zen also secured a ₹102 crore order for the Combat Training Node (CTN), developed entirely in-house. An additional order of ₹37 crore was received for Anti-Drone Systems with hard-kill capabilities.
Financial Performance Snapshot
Here’s a brief overview of Zen Technologies’ financial performance:
- Revenue from Operations: Decreased year-over-year for both Q3 and 9M. ₹177.82 crore in Q3FY26 compared to ₹152.21 crore in Q3FY25; and ₹509.61 crore for 9MFY26 compared to ₹648.67 crore for 9MFY25.
- EBITDA: Increased in Q3 but decreased for 9M. ₹82.42 crore in Q3FY26 (Q3FY25: ₹66.24 crore) and ₹258.97 crore for 9MFY26 (9MFY25: ₹269.17 crore).
- Profit After Tax: Improved in Q3 but lower for 9M. PAT of ₹54.77 crore (Q3FY25: ₹39.72 crore) and ₹161.92 crore (9MFY25: ₹179.20 crore).
Acquisition and Operational Success
Zen Technologies completed the acquisition of a 76% stake in Anawave Systems and Solutions Private Limited, enhancing its presence in naval simulation. The Integrated Air Defence Combat Simulator (IADCS) project was completed approximately 9 months ahead of schedule.
Subsidiaries and Product Portfolio
Zen Technologies has several subsidiaries, including Unistring Tech Solutions (51%), ARI Private Limited (100%), Anawave (76%), TISA Aerospace (76%), Vector (51%), AI Turing Technologies (49%), and Bhairav Robotics (45%).
The company’s product suite includes:
- Drone & Counter-Drone Solutions
- Training Solutions
- Operational Equipment
- Naval Simulation
Source: BSE
