Now Reading: Zen Technologies wins Rs 295 crore defence order for simulators
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Zen Technologies wins Rs 295 crore defence order for simulators
Zen Technologies wins Rs 295 crore defence order for simulators
Zen Technologies has secured a Rs 295 crore order from the Ministry of Defence for simulators, to be executed within a year. The company clarified it is not a related-party transaction and…
The Story in Brief
Zen Technologies has secured a Rs 295 crore order from the Ministry of Defence for simulators, to be executed within a year. The company clarified it is not a related-party transaction and promoters have no interest in the awarding authority. The order boosts the company's pipeline, which stood at Rs 1,239 crore as of June quarter, with another simulator order worth Rs 177.50 crore received in July 2026.
For the June quarter, Zen Technologies reported revenue of Rs 161 crore, down from Rs 180 crore a year ago. Profit after tax fell 28% year-on-year to Rs 34.5 crore. EBITDA dropped 33% to Rs 58 crore, with margins contracting to 40.9%. The company is also expanding into AI-powered anti-drone systems and Air Force training simulators.
The Indian Opinion
The stock market cheer over a large defence order should not drown out the reality of Zen's shrinking revenue and profit. Headlines focus on future pipelines but skip the 11% revenue drop and 28% profit fall in the June quarter. The real test is whether new products like anti-drone systems and Air Force simulators can convert orders into earnings growth before the current order book runs low. Watch the Q2FY27 revenue conversion rate.
Source: livemint.com
This story was synthesised by AI from the source linked above.
