Key Financial Performance

Q2FY27 Consolidated Performance (₹ in Crore, Unaudited)

  • Sales: ₹345.13
  • Other Operating Revenue: ₹16.71
  • Total Revenue: ₹361.84
  • Total Operating Expenses: ₹213.14
  • EBITDA: ₹148.70 (41.1% margin)
  • Operational EBITDA: ₹131.99 (38.2% margin)
  • Interest Cost: ₹1.13
  • Depreciation: ₹8.73
  • Profit before exceptional items and tax: ₹137.69
  • Profit After Tax (Adjusted for Non-Controlling Interest): ₹89.54

H1FY27 Consolidated Performance (₹ in Crore, Unaudited)

  • Sales: ₹486.77
  • Other Operating Revenue: ₹35.87
  • Total Revenue: ₹522.64
  • Total Operating Expenses: ₹316.05
  • EBITDA: ₹206.59 (39.5% margin)
  • Operational EBITDA: ₹170.71 (35.1% margin)
  • Interest Cost: ₹2.22
  • Depreciation: ₹16.58
  • Profit before exceptional items and tax: ₹186.32
  • Profit After Tax (Adjusted for Non-Controlling Interest): ₹124.00

Comparative Performance

Q2FY27 vs Q2FY26: Revenue growth of 988% year-on-year from ₹173.57 crore to ₹345.13 crore

H1FY27 vs H1FY26: Revenue growth from ₹331.79 crore to ₹486.77 crore

Order Book Status

Consolidated Order Book as of September 30, 2026

  • Order Book as at June 30, 2026: ₹1,239.02 crore
  • New Orders bagged in Q2FY27: ₹481.81 crore
  • Orders executed in Q2FY27: ₹345.13 crore
  • Total Order Book as at September 30, 2026: ₹1,375.70 crore
  • Equipment: ₹995.00 crore
  • AMC: ₹380.70 crore

Management Commentary

Mr. Ashok Atluri, Chairman and Managing Director, commented on the results:

  • Quarter marks a defining milestone in Zen's growth trajectory
  • Company reported highest-ever consolidated quarterly revenue of ₹345.13 crore
  • Growth of 988% year-on-year at healthy Operational EBITDA margin of 38.2%
  • Results reflect scale of execution capability built over years
  • Company delivering Fast Track Procurement orders ahead of contractual timelines
  • Technology ownership enables faster turnaround (weeks vs procurement cycles)
  • Ownership of core technology positions company strongly for indigenisation opportunities

Business Environment

  • Defence Acquisition Council accorded Acceptance of Necessity to capital acquisition proposals
  • Approximately 82% earmarked for sourcing from domestic defence industry
  • Zen has fielded products in categories covered by these proposals
  • Supportive policy environment for domestic defence industry

Product Portfolio

The presentation highlighted the company's advanced product suite including:

  • Combat Training Centre Simulators
  • Integrated Air Defence Combat Simulator
  • ACTS: Armour Combat Training System
  • Air Simulators
  • Containerised Small Arms Firing Range
  • Multi Functional Target System
  • Naval Simulation: DSRV
  • Anti-Drone Systems (Containerised and Man Portable)
  • RF Based Drone Detector (RFDD)
  • Drone RF Jammer (DRFJ)
  • Vrishabh: Unmanned Ground Vehicle (UGV)
  • Vector Technics: Drone Propulsion Motors
  • ADS Hawkeye: Multi-Sensor Camera
  • Naval RCWS: Sharur (7.62 to 12.7 mm)
  • ShootEdge: Corner-Shot Adapter

Additional Information

  • Presentation available on company website: https://www.zentechnologies.com/calls-and-conferences
  • Signed by Sourav Dhar, Company Secretary & Compliance Officer
  • Digital signature date: November 01, 2026 18:29:21 +05:30

Disclaimer

Presentation contains forward-looking statements subject to risks and uncertainties including fluctuations in earnings, intense competition, political instability, and general economic conditions affecting the industry. Company does not undertake to update any forward-looking statements.