Zen Applied sciences Q2 results: Obtain profit jumps four-times

Zen Applied sciences, a key player in aerospace and defense, has launched its Q2 monetary results. The firm announced its earnings on Saturday (November 2), and analysts inquire of impacts on stock performance in Monday’s purchasing and selling.

Earnings surged from ₹15.3 crore final year to ₹62.6 crore this year, marking a 309% elevate. Earnings rose from ₹66.5 crore to ₹241.8 crore, representing a 263% growth.

EBITDA jumped from ₹19 crore to ₹80 crore, whereas the profit margin improved to 33.1%, when compared with 28.4% final year.

Primarily based completely completely in Hyderabad, Zen Applied sciences specialises in anti-drone technology and defense practising.

As of September 30, 2024, it reported an repeat book of ₹956.74 crore and raised ₹100 crore via a Qualified Institutional Placement (QIP) for the length of the quarter.

The firm’s stock has delivered over 160% returns within the past year, hiking from beneath ₹720 to over ₹1875.

Final month, Zen Applied sciences said it has secured an annual repairs repeat from the defence ministry.

In a stock replace submitting, the firm said it has signed an annual repairs contract (AMC) worth ₹46 crore, at the side of GST, with the ministry of defence. The contract covered the repairs of simulators developed by Zen for a five-year interval, the firm told the bourses.

Furthermore, Zen Applied sciences, in collaboration with its subsidiary AI Turing Applied sciences, announced the originate of four slicing-edge distant-controlled weapon and surveillance systems, designed to transform defence capabilities.