Zen Technologies reports strong Q2, H1 FY26 financial results

Zen Technologies Limited reported its unaudited financial results for Q2 and H1 FY26, highlighting continued operational strength despite procedural delays. Consolidated revenue for Q2 FY26 was INR 173.57 Crore, with a PAT (adjusted for NCI) of INR 59.40 Crore. For H1 FY26, consolidated revenue reached INR 331.79 Crore and PAT (adjusted for NCI) was INR 107.15 Crore. The company maintains a strong financial position with over INR 1,100 Crore in liquidity as of September 30, 2025.

The company’s order book as of September 30, 2025, stands at INR 675.04 Crore, including INR 190.53 Crore from subsidiaries. Domestic orders were INR 554.12 Crore and exports were INR 120.92 Crore. Zen Technologies has completed four strategic acquisitions, including Applied Research International Private Limited and Vector Technics Private Limited, to diversify capabilities and expand market reach across defense domains. R&D spending for H1 FY26 was INR 13.87 Crore, demonstrating a continued focus on technological advancement and product portfolio expansion.

Ashok Atluri, chairman and managing director, noted that while revenue and profit faced temporary impacts from order finalisation delays, the underlying business fundamentals remain solid. He anticipates stronger subsidiary contributions as execution scales up and synergies are realised, especially for anti-drone systems following real-world validation during Operation Sindoor.