Zen Technologies Posts FY26 Consolidated Results And Order Book Growth

05 May 2026 CW Team

Zen Technologies on Monday released consolidated results for the quarter and year ended March 31, 2026, reporting total revenue for FY26 at Rs 7.73 bn, down from Rs 10.32 bn in FY25. The company described FY26 as muted relative to FY25 while noting a structural transformation over the past two years as it evolved into a defence company with five capabilities ready to be offered to the Armed Forces. The firm said the expanded portfolio aligns with operational needs highlighted by recent conflicts.

Consolidated EBITDA for FY26 stood at Rs 3.33 bn with an EBITDA margin of 48.37 per cent, while operational EBITDA was Rs 2.47 bn and operational EBITDA margin was 35.95 per cent. Adjusted profit after tax for the year was Rs 1.93 bn, reflecting contributions from subsidiaries that the company said validated prior capital allocation decisions. Quarterly metrics included sales of Rs 1.78 bn and adjusted profit after tax of Rs 315.3 mn in Q4FY26.

The company closed the year with a consolidated order book of Rs 13.36 bn, including new order inflows of Rs 4.31 bn secured during Q4FY26, and indicated that the majority of the current order book is scheduled for execution in FY27. Management pointed to a robust pipeline and said FY27 execution is clearly visible after delays in order conversion during FY26. It also highlighted a three decade focus on research and development, with over two hundred patent applications and more than one thousand training systems shipped worldwide.

The company noted policy tailwinds from the draft Defence Acquisition Procedure 2026 and a broader push towards Buy Indian IDDM that should support domestic demand. It said global events have emphasised the strategic importance of layered counter-UAS systems and combat-ready forces, areas where it has built deep capability. With a stronger forward order book, a diversified earnings base and an expanded product portfolio the firm signalled it enters FY27 better positioned.

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