Zen Technologies Ltd

Zen Technologies has been awarded an order valued at approx Rs 152 crore (inclusive of taxes) by the Ministry of Defence, Government of India, for the supply of its Integrated Air Defence Combat Simulator (IADCS) for L70 Gun. Powered by Capital Market - Live

The contract is for the supply of its Integrated Air Defence Combat Simulator (IADCS) for L70 Gun. The contract has to be executed within a period of 18 months. Zen Technologies is a pioneer and leader in providing defence training and anti-drone solutions and has a proven track record in building training systems for imparting defense training and measuring combat readiness of security forces. The company's standalone net profit fell 40.8% to Rs 38.62 crore in Q3 FY25 as against Rs 65.24 crore posted in Q2 FY25. Revenue from operations dropped 41.4% QoQ to Rs 141.52 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

PTC Industries Ltd, Welspun Enterprises Ltd, ZF Commercial Vehicle Control System India Ltd and Allcargo Logistics Ltd are among the other losers in the BSE's 'A' group today, 18 February 2025.Zen Technologies Ltd tumbled 10.00% to Rs 971.5 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.39 lakh shares were traded on the counter so far as against the average daily volumes of 78958 shares in the past one month.PTC Industries Ltd crashed 8.99% to Rs 10849.85. The stock was the second biggest loser in 'A' group.On the BSE, 1923 shares were traded on the counter so far as against the average daily volumes of 966 shares in the past one month.Welspun Enterprises Ltd lost 8.09% to Rs 452.15. The stock was the third biggest loser in 'A' group.On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 37600 shares in the past one month.ZF Commercial Vehicle Control System India Ltd fell 7.91% to Rs 10003. The stock was the fourth biggest loser in 'A' group.On the BSE, 1072 shares were traded on the counter so far as against the average daily volumes of 988 shares in the past one month.Allcargo Logistics Ltd corrected 7.52% to Rs 30.11. The stock was the fifth biggest loser in 'A' group.On the BSE, 8.6 lakh shares were traded on the counter so far as against the average daily volumes of 1.84 lakh shares in the past one month.Powered by Capital Market - Live

Rategain Travel Technologies Ltd, Senco Gold Ltd, KFin Technologies Ltd and PTC Industries Ltd are among the other losers in the BSE's 'A' group today, 17 February 2025.Zen Technologies Ltd crashed 20.00% to Rs 1079.35 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 75984 shares in the past one month.Rategain Travel Technologies Ltd tumbled 11.13% to Rs 547.15. The stock was the second biggest loser in 'A' group.On the BSE, 1.08 lakh shares were traded on the counter so far as against the average daily volumes of 13058 shares in the past one month.Senco Gold Ltd lost 11.05% to Rs 318.1. The stock was the third biggest loser in 'A' group.On the BSE, 6.67 lakh shares were traded on the counter so far as against the average daily volumes of 50670 shares in the past one month.KFin Technologies Ltd shed 10.03% to Rs 830.45. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.15 lakh shares were traded on the counter so far as against the average daily volumes of 82022 shares in the past one month.PTC Industries Ltd slipped 10.00% to Rs 11789.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 2274 shares were traded on the counter so far as against the average daily volumes of 893 shares in the past one month.Powered by Capital Market - Live

Revenue from operations dropped 41.4% QoQ to Rs 141.52 crore in the quarter ended 31 Decemmber 2024. On a year-on-year basis, the company's net profit increased by 21.9%, rising from Rs 31.67 crore in Q3 FY24, while revenue from operations surged by 44.3%, up from Rs 98.08 crore in Q3 FY24. Profit before tax stood at Rs 53.36 crore in Q3 FY25, registering a growth of 15.8% from Rs 46.06 crore reported in the same period a year ago. The company's EBITDA increased by 21.2% to Rs 58.69 crore in Q3 FY25, compared to Rs 48.41 crore in Q3 FY24. However, the EBITDA margin decreased to 35.90% in Q3 FY25, down from 47.34% in Q3 FY24. On nine-month basis, the company's standalone net profit soared 85.1% to Rs 178.03 crore on 116.3% surge in revenue from operations to Rs 637.17 crore in 9M FY25 over 9M FY24. Ashok Atluri, chairman and managing director, said, 'I am pleased to provide an update on our Q3FY25 performance, which demonstrates a stable performance, keeping us on track to meet our stated guidance of Rs 900 crore revenues for FY25. The Union Budget 2025 demonstrates the government's commitment to strengthening the defence sector, with a record allocation of over Rs 6.81 lakh crore for the Ministry of Defence, marking a 9.53% increase from FY25. This includes a substantial Rs 1.80 lakh crore earmarked under the Capital Budget of Armed Forces, providing significant tailwinds for our industry. Our liquidity remains strong, with Rs 1,028 crores in bank balances as of 31 December 2024. Furthermore, we completed the expansion of our assembly unit at Maheshwaram. This expansion enhances our ability to scale up operations to meet growing demand. In this quarter, we experienced a rise in profitability due to higher other income; however, we remain confident that we will achieve our EBITDA target of 35% and PAT margins of 25% by the end of the financial year. Our order book remains robust at Rs 816.91 crore as of December 2024, reflecting a healthy pipeline for the coming quarters. Our strategic focus on securing new contracts and diversifying our portfolio ensures sustained revenue visibility and positions us well for continued growth. As part of our commitment to innovation and growth, we have made strategic acquisitions in robotics, aerospace, and defence propulsion, further solidifying our position as a leader in cutting-edge technology.' Meanwhile, the company has announced strategic investments in two companies ' Vector Technics and Bhairav Robotics. These acquisitions reinforce Zen's commitment to innovation, indigenous defense manufacturing, and technological advancement in robotics, aerospace, and propulsion systems, further solidifying its position as a key player in India's defense sector. With these acquisitions, the company expands beyond combat training into advanced defense technologies, strengthening its ability to deliver integrated solutions for armed forces worldwide. The investments enhance Zen's capabilities in UAV propulsion, autonomous robotics, and aerospace components, driving self-reliance in defense manufacturing. These strategic moves also position Zen to compete globally, catering to international markets seeking cutting-edge, Indian-made defense solutions. Further, the company has announced the acquisition of Applied Research International (ARIPL) and ARI Labs (ALPL), acquiring 100% equity stake in both companies. The acquisition, valued at Rs 130 crore, strengthens Zen Technologies' commitment to advancing simulation technologies for defense and security forces. Zen Technologies is a pioneer and leader in providing world class state-of-theart Defence Training and Anti-Drone solutions and has a proven track record in building training systems for imparting defense training and measuring combat readiness of security forces. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 172+ patents and shipped more than 1,000 training systems around the world. Powered by Capital Market - Live

Zen Technologies announced strategic investments in two companies - Vector Technics and Bhairav Robotics. These acquisitions reinforce Zen's commitment to innovation, indigenous defense manufacturing, and technological advancement in robotics, aerospace, and propulsion systems, further solidifying its position as a key player in India's defense sector. Under the terms of the agreements: ' Vector Technics - Zen now holds a 51% controlling stake in Vector Technics, a leading provider of propulsion and power distribution solutions for drones and UAVs. This acquisition enables Zen to expand into aerospace components and reinforce its role in supporting global drone and robotics industries. ' Bhairav Robotics - Zen has acquired a 45.33% stake in Bhairav Robotics, strengthening its position in the defense robotics and autonomous systems segment. Bhairav specializes in advanced robotic products such as quadrupedal robots and autonomous weapon systems, furthering Zen's commitment to Made in India innovationPowered by Capital Market - Live

Zen Technologies announced the acquisition of Applied Research International (ARIPL) and ARI Labs (ALPL), acquiring 100% equity stake in both companies. The acquisition, valued at Rs 130 crore, strengthens Zen Technologies' commitment to advancing simulation technologies for defense and security forces. ARIPL, founded in 1998, specializes in simulation and assessment tools for the marine, offshore, naval, ports & terminals, construction, and mining industries, along with e-governance solutions for the Directorate General of Shipping in India. The company reported an operational revenue of Rs 92.18 crore for the financial year ending 31 March 2024. ALPL, also established in 1998, focuses on simulation and assessment tools specifically for the marine and naval industries. The company reported a revenue of Rs 94.07 lakhs for the financial year ending 31 March 2024. Powered by Capital Market - Live

Net profit of Zen Technologies rose 29.89% to Rs 39.72 crore in the quarter ended December 2024 as against Rs 30.58 crore during the previous quarter ended December 2023. Sales rose 52.94% to Rs 152.21 crore in the quarter ended December 2024 as against Rs 99.52 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales152.2199.52 53 OPM %29.0442.69 - PBDT63.2846.20 37 PBT59.4743.56 37 NP39.7230.58 30 Powered by Capital Market - Live

Zen Technologies unveiled a new suite of next-generation combat and training systems on Day 4 of Aero India 2025, reinforcing India's position as a leader in advanced military technology. Following the Chief of Defence Staff (CDS) launch of Zen's AI-powered defence systems on Day 2, the Company has now unveiled a new suite of indigenous innovations aimed at enhancing battlefield readiness, mission effectiveness, and global security. Developed entirely in-house, these advanced solutions are designed to meet the evolving demands of air, land, and naval forces, reinforcing India's self-reliance in defence technology while equipping modern military forces with next-generation capabilities. New Defence Solutions Unveiled on Day 4 ' Drone-Based Attack and Defence in Virtual Simulation (IWTS)- A next-gen firearms simulator for Defence and Security Forces, enabling hyper-realistic combat training with AI-powered analytics. ' Indigenous Propulsion System for UAVs (RPAs) - A groundbreaking propulsion system which is modular, hybrid and fuel efficient for extended endurance and operational efficiency. ' Airborne Killer Drone System - A high-speed, AI-powered powered drone system with autonomous target detection and tracking, precision strike capability, 100+ km operational range and autonomous swarm capabilities. ' Tactical Engagement Simulator (TacSim) - A state-of-the-art force on force training system for soldiers with the advance features of drone engagement.Powered by Capital Market - Live

Zen Technologies has signed a strategic Memorandum of Understanding (MoU) with TXT e-Tech and PACE, TXT Group, globally renowned leaders specializing in aerospace and defense technology. The signing ceremony took place during Aero India 2025 held at Yelahanka Air Force Station, Bengaluru. This partnership will help enhance Zen's capabilities in pilot training and simulation solutions, expanding its presence in the aviation sector while ensuring cost-effective, high-quality solutions tailored for modern military aviation needs. As an IP-driven company focused on indigenous innovation, Zen continues to strengthen its position as a self-reliant leader in defense technology. The MoU between Zen Technologies and TXT Group focuses on the development of advanced pilot training solutions, ranging from Part Task Trainers to Full Flight and Full Mission Simulators. TXT e-Tech, a leader in software development for fixed and rotary-wing pilot training, will bring its extensive experience to address the growing demand for flight simulation training among armed forces, complementing Zen's R&D expertise in cutting-edge simulation systems. Zen's capabilities in display projection, digital imagery, electronic, mechanical and system integrator competencies will be combined with TXT e-tech and PACE's aerospace competencies in development, integration and certification of software solutions for aircraft simulation devices. Zen's in-house capabilities, augmented with those from TXT e-Tech and PACE, will ensure costeffectiveness and agility, which will definitely translate into a significant price advantage for designing and developing the aviation training simulators.Powered by Capital Market - Live