Zen Technologies Limited has reported a mixed financial performance for the second quarter and half-year ended September 30, 2025, highlighting both robust growth and notable challenges. The results underscore the company’s strong position in the defence and homeland security sector, even as it navigates shifting market dynamics.
On a standalone basis, Zen Technologies delivered a remarkable 49.36% year-on-year increase in revenue from operations, rising from Rs. 8,345.74 lakhs in Q2 2024 to Rs. 12,465.34 lakhs in Q2 2025. This surge reflects the company’s ability to capitalise on growing demand for its products and services. However, net profit declined by 25.84%, from Rs. 6,224.74 lakhs to Rs. 4,616.16 lakhs, indicating potential cost pressures or one-time expenses that tempered profitability.
In contrast, the consolidated results paint a different picture. Revenue decreased by 28.23% year-on-year, from Rs. 24,184.37 lakhs to Rs. 17,357.31 lakhs, while net profit remained relatively stable with a marginal decrease of 1.79%. This divergence suggests that while Zen Technologies’ core business is thriving, its consolidated entities may be facing headwinds.
The company’s order book remains a bright spot, with a standalone order book of Rs. 484.51 crores and a consolidated order book of Rs. 675.04 crores. This substantial backlog provides visibility for future revenue growth and underscores the company’s strong market position.
For the half-year ended September 30, 2025, Zen Technologies reported standalone revenue of Rs. 23,571.13 lakhs, down slightly from Rs. 24,168.79 lakhs in the same period last year. Standalone net profit also declined, from Rs. 13,922.29 lakhs to Rs. 8,328.05 lakhs. Consolidated revenue and net profit for the half-year stood at Rs. 33,179.18 lakhs and Rs. 11,497.96 lakhs, respectively.
Beyond financials, Zen Technologies made strategic moves during the quarter. The company transferred 12,500 equity shares to eligible employees under its Employee Stock Option Plan-2021, reinforcing its commitment to employee retention and motivation. Additionally, Zen Technologies’ shareholding in AI-Turing Technologies Private Limited reduced from 51% to 49%, leading to the deconsolidation of AI-Turing from the group’s financial statements and a gain of Rs. 94.24 lakhs as an exceptional item.
The consolidated basic and diluted earnings per share for Q2 2025 stood at Rs. 6.61, compared to Rs. 7.26 in Q2 2024, reflecting the mixed financial performance.
As Zen Technologies looks ahead, its substantial order book and strategic initiatives position it well to navigate the dynamic defence and homeland security market. Investors and stakeholders will be watching closely to see how the company leverages its strong order book to drive future revenue growth and profitability.