Zen Technologies (533339) Q1 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for the quarter ended June 30, 2024, was Rs. 25,461.57 lakhs, up significantly year-over-year and sequentially from the previous quarter.

• Net profit attributable to shareholders for the quarter was Rs. 7,681.19 lakhs, showing strong growth compared to both the previous quarter and the same quarter last year.

• The group operates primarily in the Defence and Homeland segment, with no other reportable segments.

Financial highlights

• Total consolidated income for the quarter was Rs. 25,772.54 lakhs, compared to Rs. 14,404.59 lakhs in the previous quarter and Rs. 13,513.07 lakhs in the same quarter last year.

• Profit before tax for the quarter was Rs. 11,024.95 lakhs, up from Rs. 5,175.94 lakhs in the previous quarter and Rs. 6,926.07 lakhs year-over-year.

• Basic and diluted EPS for the quarter were Rs. 9.19, compared to Rs. 4.19 in the previous quarter and Rs. 5.81 in the same quarter last year.

• Total comprehensive income attributable to shareholders was Rs. 7,678.79 lakhs for the quarter.

Segment performance

• All operations are consolidated under the Defence and Homeland segment, with no material contributions from other business lines.

• Subsidiary Unistring Tech Solutions Pvt Ltd contributed Rs. 4,215.45 lakhs in revenue and Rs. 562.25 lakhs in net profit for the quarter.

• Other subsidiaries, including Zen Medical Technologies Pvt Ltd, Zen Technologies Inc (USA), Zen Defence Technologies L.L.C (UAE), and Aituring Technologies Pvt Ltd, had minimal or negative contributions.