Zen Technologies shares rally nearly 10% as firm bags order worth ₹404 crore from defence ministry

“These comprise orders worth ₹ 332 crores for the supply of Anti-Drone Systems / Counter Unmanned Aerial Systems (C-UAS) and ₹ 72 crores for Training Simulators and Equipment,” Zen Technologies said in a regulatory filing dated January 15.

The order will be executed within a year, the company further said.

Zen Technologies share price

At 9:55 AM, Zen Technologies shares were trading at ₹1,336 apiece on the National Stock Exchange, soaring 8.79%.

Over a month’s time, the stock has slipped 2%, while it has plunged 27% in the last six months. On a year-on-year basis, shares of Zen Technologies have tumbled more than 40%.

Shares of the firm had hit a 52-week high of ₹2,350 on January 14, 2025, and a 52-week low of ₹945.35 on February 19, 2025.

The company has a total market capitalisation of ₹12,033 crore, according to data on the NSE.

Zen Technologies Q2 earnings

The Indian defence company had posted a 5.22% year-on-year (YoY) decline in its consolidated profit after tax (PAT) to ₹59.40 crore in the September quarter of FY26, compared to ₹62.67 crore in the corresponding period of the previous fiscal year.

During the quarter under review, its sales or revenue from operations contracted by 28.23% YoY to ₹173.57 crore, as against ₹241.84 crore in the second quarter of the 2024-25 fiscal year (Q2 FY25).

The anti-drone technology and defence training solutions provider’s revenue and profit were impacted by procedural delays in order finalisations, it had said.

At an operational level, the firm’s EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹90.05 crore in Q2FY26, marking a 1.77% YoY jump from ₹88.48 crore in the year-ago period.

Its EBITDA margin expanded to 51.88% during the quarter, from 36.58% in the September quarter of FY25.

As of September 30, 2025, the company’s total order book stood at ₹675.04 crore, including ₹554.12 crore in domestic and ₹120.92 crore in exports.