Zen Technologies, India's leading anti-drone technology and defence training solutions provider, announced its financial results for Q2 and H1FY25.
Revenue from operations for Q2FY25 reached Rs 241.69 crore, a significant increase of 277 per cent compared to Rs 64.03 crore in Q2FY24. Operational EBITDA for the quarter was Rs 79.42 crore, representing a growth of 265 per cent from Rs 21.76 crore in the same period last year. Profit after tax stood at Rs 65.24 crore, up 276 per cent from Rs 17.34 crore.
The company has already surpassed the revenue and profit after tax achieved in FY24 within H1FY25. As of September 30, 2024, Zen Technologies' order book is robust at Rs 956.74 crore, well-positioning the company for future growth.
Commenting on the results, Ashok Atluri, Chairman and Managing Director, stated: "I am pleased to share the results for Q2FY25, which reflect a solid continuation of the growth we achieved in Q1FY25. During the quarter, we successfully completed a Qualified Institutional Placement (QIP), raising Rs 1,000 crore. This initiative received a strong response, with subscriptions exceeding five times the issue amount. Notable marquee investors who were allotted equity shares through our recent QIP include Kotak Mutual Fund, Motilal Oswal, and White Oak Offshore. Their participation underscores the confidence in our growth strategy and future prospects.
"As of September 30, 2024, the company has a robust liquidity position, with bank balances totalling Rs 1,103 crore. This strong cash reserve positions us favourably for future R&D investments and strategic acquisitions. Continuing our commitment to organic and inorganic growth strategies, we are actively evaluating potential acquisition opportunities in simulator and electronic warfare technologies aligned with our strategy. Our dedication to innovation, coupled with strategic investments in research and development, ensures we remain poised to capitalise on the growing demand driven by military modernisation initiatives globally."