Greater Noida: Zen Technologies announced its financial results for Q2 & H1 FY26 Q2. Its performance reflects continued operational strength and disciplined execution, even as revenue and profit were impacted by procedural delays in order finalisations.
The fundamentals of our business remain solid, with strong liquidity and increasing value addition from our subsidiaries.
During the quarter, Zen reported lower turnover compared to the same period last year.
Despite this, operational EBITDA margins remained healthy, demonstrating our ability to sustain profitability even amid temporary fluctuations in revenue.
Contributions from subsidiaries, particularly Applied Research International Private Limited (ARIPL) and Unistring Tech Solutions (UTS), continued to reflect the success of Zen’s strategic investments.
Zen’s financial position remains robust with liquidity of over ₹1,100 crore as of September 30, 2025. The Company continues to prioritise R&D investments to deepen its technological edge and expand its product portfolio.
Zen said in a press release, “In the aftermath of Operation Sindoor, the Government of India initiated a series of emergency procurement measures to address immediate operational requirements. As a result, the closure timelines for certain regular Requests for Proposals (RFPs) have been temporarily delayed. This development is procedural in nature and does not impact the underlying demand or long-term revenue visibility. The deferred orders remain active within the procurement system and are expected to be released in due course. At the same time, Operation Sindoor provided real-world validation of Zen’s operational equipment, following which the Company is experiencing increased interest, particularly for its anti-drone systems.”
“We remain confident that the temporary headwinds being witnessed in FY26 will give way to a stronger performance in the years ahead, driven by our continued focus on innovation, disciplined execution and the expanding opportunities in India’s defence modernisation” Zen added.
