Zen Technologies Q1 net profit, revenue decline; board extends QIP deadline

Hyderabad-based defence electronics company Zen Technologies Ltd on Saturday (July 25) reported a 27.8% year-on-year decline in net profit to ₹34.4 crore for the quarter ended June 30, 2026, compared with ₹48 crore a year earlier.

Revenue from operations declined 10.5% to ₹141.6 crore from ₹158.2 crore in the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 40.2% year-on-year to ₹38.7 crore from ₹64.7 crore, while EBITDA margin narrowed to 27.3% from 40.9%.

Separately, the company's board approved extending the timeline for utilisation of the unutilised balance of funds raised through its Qualified Institutional Placement (QIP) by 24 months, from August 23, 2026, to August 22, 2028.

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The company said the extension applies to funds earmarked for inorganic growth opportunities, acquisitions, strategic initiatives and general corporate purposes.

It added that there is no change in the objects of the issue or the proposed utilisation of the QIP proceeds as disclosed in the placement document, and that only the utilisation timeline has been extended.

The board also approved the appointment of Jasthi Krishna Kishore as an Additional Director and Non-Executive Independent Director for a period of three consecutive years with effect from July 25, 2026, subject to shareholders' approval.

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In addition, the board approved the reappointment of Shilpa Choudari as Whole-Time Director for a further three-year term effective November 1, 2026, also subject to shareholders' approval.

Shares of Zen Technologies Limited ended at ₹232.60, down by ₹30.70, or 1.70%, on the BSE.