Hot Pursuit     08-Jun-23
Zen Tech soars on winning order from MoD worth Rs 202 crore
Zen Technologies jumped 6.89% to Rs 441.90 after the company announced that it has bagged an order from the Ministry of Defence (MoD), Government of India valued at approximately Rs 202 crore.

The company looks forward to securing additional sizeable contracts within the next quarter, the anti-drone solutions provier said.

Zen Technologies is a leading provider of military training and anti-drone solutions. The company specializes in manufacturing land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

The company reported a steeply higher consolidated net profit of Rs 20.20 crore in Q4 FY23 as compared with Rs 3.31 crore in Q4 FY22. Revenue from operations zoomed 245.1% to Rs 95.88 crore in the quarter ended March 2023 as against Rs 27.78 crore posted in same quarter last year.

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