Hot Pursuit     07-Jul-23
Zen Tech gains on securing order worth Rs 160 crore from GoI
Zen Technologies added 2.20% to Rs 429 after the company announced that it has secured an order from the Government of India valued at approximately Rs 160 crore.

The company said that the order is part of the government's indigenous design and development (IDDM) initiative, which requires Indian IP and over 60% indigenous content.

"Zen, with three decades of IP-based design & development (D&D) experience, stands poised to benefit from such initiatives,” the company said in a statement.

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.

Previous News
  Zen Technologies consolidated net profit rises 531.23% in the June 2023 quarter
 ( Results - Announcements 07-Aug-23   07:35 )
  Zen Tech hits the roof on robust Q3 outcome
 ( Hot Pursuit - 29-Jan-24   15:25 )
  Zen Technologies standalone net profit rises 474.06% in the June 2023 quarter
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  Zen Technologies incorporates subsidiary in UAE
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  Zen Technologies standalone net profit rises 5.26% in the March 2022 quarter
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  Board of Zen Technologies recommends final dividend
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  Zen Technologies wins contract from J&K Police
 ( Corporate News - 29-Mar-22   09:14 )
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