Zen Technologies wins orders worth ₹289 crore from defence ministry

Zen Technologies Ltd. on Friday, October 31, announced that it has won two orders to upgrade anti-drone systems worth ₹ 289 crore from the Ministry of Defence. The orders will be executed within a year.

The company clarified that the order was awarded by a domestic entity and does not involve any related-party transactions. The promoters or promoter group do not have any interest in the entity.

The update comes after the Hyderabad-based company reported a weak Q2 ended September 30, 2025. It reported a 4.7% year-on-year (YoY) decline in net profit to ₹59.4 crore for the quarter, compared with ₹62.3 crore in the same period last year.

Revenue fell 28.3% YoY to ₹173.6 crore, down from ₹242 crore in Q2 FY25, while EBITDA declined 19% YoY to ₹65 crore.

Despite the lower topline, the company’s EBITDA margin improved to 37.2%, up from 33% a year ago, reflecting cost efficiency.

On a sequential basis (QoQ), Zen Technologies posted a 16.6% rise in net profit to ₹61.9 crore, up from ₹53.1 crore in the previous quarter.