Hot Pursuit     07-Aug-23
Zen Tech hits all time high after PAT soars to Rs 47 cr in Q1
Zen Technologies locked in upper circuit of 10% at Rs 674.75 after the company reported standalone net profit of Rs 47.13 crore in Q1 FY24, steeply higher from Rs 8.21 crore posted in Q1 FY23.
Net sales zoomed to Rs 132.45 crore in Q1 FY24 as compared with Rs 33.23 crore in Q1 FY23.

Profit before tax surged to Rs 66.98 crore in Q1 FY24 from Rs 11.87 crore in Q1 FY23.

EBITDA stood at Rs 68.79 crore in Q1 FY24, registering growth of 414.13% as compared with Rs 13.38 crore posted in corresponding quarter last year. EBITDA margin was 50.93% in Q1 FY24 as against 37.80% in Q1 FY23.

As on 30 June 2023, the company's total order book stood at Rs 542.84 crore and R&D spends was at Rs 4.89 crore.

Ashok Atluri, chairman and managing director, said, “Strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders. The inherent operating leverage of business model came to the fore this quarter, evident in EBITDA of 51%.

During this quarter, we secured new orders amounting to approximately Rs 202 crore. Additionally, in July 2023, we bagged orders worth around Rs 500 crore. This brings our cumulative order book position to approximately Rs 1,000 crore, a figure that exceeds the cumulative turnover of the last whole decade.”

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.

The scrip hit all time high at Rs 674.75 in intraday today.

Previous News
  Zen Technologies consolidated net profit rises 170.44% in the September 2023 quarter
 ( Results - Announcements 28-Oct-23   16:08 )
  Zen Technologies fixes record date for dividend
 ( Market Beat - Reports 06-Sep-22   15:21 )
  Zen Technologies to discuss results
 ( Corporate News - 20-Jan-24   12:13 )
  Zen Technologies wins orders worth Rs 155 cr from Indian Air Force
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  Zen Technologies reports consolidated net loss of Rs 1.14 crore in the June 2021 quarter
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 ( Corporate News - 03-Aug-23   15:45 )
  Zen Technologies bags order worth Rs 123 cr from Ministry of Defence
 ( Corporate News - 05-Sep-23   09:00 )
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 ( Corporate News - 07-Jul-23   09:22 )
  Zen Technologies to convene EGM
 ( Corporate News - 19-Oct-21   17:08 )
  Zen Technologies bags export order
 ( Corporate News - 12-Oct-17   09:16 )
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