2025-04-08 18:32:31
Latest Post
Godrej Properties delivers its highest ever quarterly and full year bookings
Poonawalla Fincorp Launches Shopkeeper Loan Business
Revolt Motors Expands to 200 Dealerships, Targets 400 by FY26
Sobha Ltd - Real Estate Operational Update - Q4 FY 2024-25
Lemon Tree Hotels signs a new property in DarjeelingStock Report
Zen Technologies announces Q1FY22 earnings
Posted On : 2021-07-25 10:07:10( TIMEZONE : IST )
Zen Technologies, India's leading defense training solutions provider announced its financial results for Q1FY22 today:
Q4FY21 Consolidated Revenue from Operations stood at ₹ 9.96 crores
- EBITDA (excluding Other Income) stood at ₹ (1.01) crores, resulting in EBITDA margins of (10.16)%
- PAT stood at ₹ (1.57) crores
- Company maintains strong Balance Sheet position by being almost Debt-free and supported by ample liquidity-position
Commenting on the results, Mr. Ashok Atluri - Chairman and Managing Director, said: "I am pleased with the performance of this quarter given the almost complete lockdown during the quarter. Operating Revenue came in at INR 9.96 cr largely driven by AMC revenues with minimal equipment sale in this quarter. The AMC revenues stood at INR 7.3 Crores in Q1FY22 as compared to about INR 4 Crores in Q1FY21. With an estimated quarterly run rate of INR 8.5 Crores, the AMC revenues are expected to cover all the fixed overheads during the year. This AMC revenue stream has finally accomplished the task the management set for it years ago.
Our order book as on June 30th was about INR 192 cr and with the addition of the INR 120 Crores (received on 9th July 2021), the order pipeline looks strong. The new order also has the possibility of AMC revenues kicking in post our warranty period and this will further add to the annuity revenue stream."
He also added, "The newly launched anti-drone systems and heavy lift drones have been received very well by the market. The Company expects an order for the anti-drone systems/heavy lift drones in this financial year. We also continue to focus on R&D to improve our product portfolio."
Shares of ZEN TECHNOLOGIES LTD. was last trading in BSE at Rs. 97 as compared to the previous close of Rs. 98.85. The total number of shares traded during the day was 124548 in over 2844 trades.
The stock hit an intraday high of Rs. 100 and intraday low of 96.2. The net turnover during the day was Rs. 12094913.
