Zen Technologies’ Q1 revenue more than doubles to Rs. 47 Cr.

For the first quarter that concluded on June 30, Zen Technologies’ consolidated profit after tax increased by a factor of two, coming in at Rs. 47.09 crore on Monday.

According to a regulatory filing by the business, Zen Technologies reported a profit after tax (PAT) of Rs 7.46 crore during the same time last year.

From Rs 37.07 crore in the quarter ending in June 2022, the company’s revenues increased by 3.5 times to Rs 132.45 crore during the reporting quarter.

 

“This strong performance in the quarter was driven by the successful execution of a significant part of the domestic anti-drone orders and simulation export orders,” Zen Technologies Chairman and Managing Director Ashok Atluri said.

 

According to him, the business has received orders totaling around Rs 1,000 crore in total, including one order for about Rs 500 crore that it received in July and roughly Rs 202 crore that it won during the reporting quarter.

 

“We think this is just the beginning of an inflection point — a good black swan occurrence, brought about by the confluence of many things like MakeInIndia, Atmanirbharata…

 

In particular for simulators and anti-drone systems, Atluri stated, “we are optimistic about making significant inroads in the export markets due to the escalating geopolitical risks and India’s improved international relations.”