On standalone basis, the company's net profit stood at Rs 17.27 crore in Q4 FY23, steeply higher than Rs 1.65 crore posted in Q4 FY22.

Total revenue soared 364.2% year on year to Rs 74.14 crore in the quarter ended 31 March 2023.

The company reported profit before exceptional items and tax of Rs 33.02 crore in Q4 FY23 as compared to Rs 5.59 crore in Q4 FY22.

EBITDA during the quarter grew to Rs 26.50 in Q4 FY23 as against Rs 2.50 posted in Q4 FY22. EBITDA margin improved to 35.65% in Q4 FY23 as compared to 13.46% reported in Q4 FY22.

In Q4 FY23, total expenses spiked 153.14% YoY to Rs 62.84 crore. Cost of materials consumed was Rs 25.53 crore (up 126.9% YoY) while employee benefits expense stood at Rs 13.49 crore (up 108.4% YoY) during the period under review.

Zen Tech's standalone net profit zoomed to Rs 36.24 crore in FY23 as against Rs 2.24 crore in FY22. Net sales jumped 200.6% year on year to Rs 161.44 crore in FY23.

As on 31 March 2023, the company's total order book stood at Rs 472.82 crore.

Ashok Atluri, chairman and managing director said, “This year has been a strong one, as we achieved our highest-ever revenue. During Q4 FY23, we secured multiple new orders worth Rs 141.67 crore, increasing our orders in hand to Rs 473 crores as of 31 March 2023. We have placed bids for substantial orders and we expect the results to be out by H1 FY24.

Our liquidity position is currently at an all-time high, positioning us well to deliver on our ambitious growth plans. We anticipate a few order wins under the emergency procurement plan, which will further accelerate our growth. We are also optimistic about the promising prospects of the export market.

We will continue to strengthen our R&D capabilities and focus on high-value complex systems. Our investment in R&D reached an all-time high of nearly Rs 19 crore, significantly higher than the average of Rs 14 crore spent in the last 5 years.”

Menawhile, the board approved a final dividend of Rs 0.20 per equity share for the financial year ended 31 March 2023.

Zen Technologies is engaged in design, development and manufacture of Training Simulators for Police and Para-military Forces, Armed Forces, Security Forces, Government Departments like Transport, Mining, Infrastructure and Civilian market.