Zen Technologies Q2 FY27 Results: Consolidated Net Profit ₹102 Crore on Total Income of ₹362 Crore
- Earnings
- Defence electronics
Reviewed byKeshav SehgalBlacklitt Research
Zen Technologies (NSE: ZENTEC) reported consolidated total income of ₹361.84 crore and net profit of ₹101.88 crore for the quarter ended 30 Sep 2026, it said in a filing on 31 Oct 2026. Standalone total income was ₹323.75 crore and net profit ₹79.19 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹361.84 crore, up 81.9% YoY and 125.0% QoQ
- Net profit and EPS: ₹101.88 crore, up 64.6% YoY; basic EPS ₹9.97 against ₹6.61 a year earlier
- Finance costs: ₹1.13 crore, down 44.6% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹323.75 crore, up 119.3% YoY and 168.7% QoQ
- Net profit and EPS: ₹79.19 crore, up 71.6% YoY; basic EPS ₹8.81 against ₹5.13 a year earlier
- Finance costs: ₹0.52 crore, up 20.9% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 361.84 | 198.88 | +81.9% | 160.79 | +125.0% | |
| Revenue from operations | 345.13 | 173.57 | +98.8% | 141.63 | +143.7% |
| Other income | 16.71 | 25.31 | -34.0% | 19.16 | -12.8% |
| 101.88 | 61.90 | +64.6% | 31.85 | +219.9% | |
| Finance costs | 1.13 | 2.04 | -44.6% | 1.09 | +3.7% |
| Depreciation | 8.73 | 5.71 | +52.9% | 7.86 | +11.1% |
| Tax expense | 35.81 | 21.23 | +68.7% | 13.41 | +167.0% |
| Net profit margin | 28.16% | 31.12% | -2.97 pp | 19.81% | +8.35 pp |
| Tax as share of profit before tax | 26.0% | 25.5% | +0.51 pp | 29.6% | -3.62 pp |
| EPS, basic (₹) | 9.97 | 6.61 | +50.8% | 3.83 | +160.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The company says the value of orders on hand for the Group was ₹1,375.70 crore as at 30 Sep 2026, and the standalone company's orders on hand were ₹1,263.69 crore. The entire operation is one segment, Defence and Homeland.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 323.75 | 147.65 | +119.3% | 120.48 | +168.7% | |
| Revenue from operations | 309.25 | 124.66 | +148.1% | 102.96 | +200.4% |
| Other income | 14.50 | 22.99 | -36.9% | 17.52 | -17.2% |
| 79.19 | 46.16 | +71.6% | 29.21 | +171.1% | |
| Finance costs | 0.52 | 0.43 | +20.9% | 0.53 | -1.9% |
| Depreciation | 5.17 | 3.32 | +55.7% | 4.70 | +10.0% |
| Tax expense | 26.90 | 14.88 | +80.8% | 11.30 | +138.1% |
| Net profit margin | 24.46% | 31.26% | -6.80 pp | 24.24% | +0.22 pp |
| Tax as share of profit before tax | 25.4% | 24.4% | +0.98 pp | 27.9% | -2.54 pp |
| EPS, basic (₹) | 8.81 | 5.13 | +71.7% | 3.25 | +171.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 148.1% to ₹309.25 crore, and other income fell 36.9% to ₹14.50 crore. Net profit rose 71.6%, slower than total income at 119.3% and slower than profit before tax at 73.8%.
Standalone other income of ₹14.50 crore is 13.7% of profit before tax of ₹106.09 crore. Standalone tax expense of ₹26.90 crore is 25.4% of profit before tax, against 24.4% a year earlier.
Consolidated net profit of ₹101.88 crore is ₹22.69 crore higher than standalone net profit of ₹79.19 crore, and the difference is not explained in the filing's results statement. Finance costs are small in both natures, at ₹1.13 crore consolidated and ₹0.52 crore standalone.
Inference
On 17 Oct 2026 the Board approved the acquisition of 51.98% of the equity share capital of Cogknit Semantics Private Limited for ₹135.15 crore. The transaction is pending completion, subject to customary conditions precedent. The filing does not say when completion is expected or how the payment will be funded.
The Board also approved the voluntary strike-off of Zen Medical Technologies Private Limited, a wholly owned subsidiary, subject to approval of regulatory authorities. The company says the strike-off may take 6 to 8 months. The filing does not give the reason for the strike-off.
During the quarter the Group bought 58,189 shares from the secondary market for ₹9.59 crore for the Employee Stock Option Plan-2021. The statutory auditor issued an unmodified limited review conclusion on both sets of results.
Filed with BSE on . Reference: Original filing (PDF)
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