Zen Technologies Share Price Plunge 5% Post Q1 Results

Shares of defence training and anti-drone solutions provider Zen Technologies Ltd., fell 5% on Monday post its first quarter results for first quarter of fiscal 2025-26.

The company's net profit in the first quarter of this financial year fell 38% to Rs 47.75 crore. The defence company had recorded a net profit of Rs 76.81 crore in the same quarter of the previous fiscal, according to its stock exchange notification on Saturday.

Zen Tech's revenue decreased 37.9% year-on-year for the three months ended June, reaching Rs 158.22 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, fell 42% year-on-year to Rs 64.70 crore. The Ebitda margin contracted 208 basis points to 40.9%.

Shares of Zen Tech fell as much as 5% to Rs 1,690.70 apiece, as of 9:37 a.m. This compares to a 0.04% decline in the NSE Nifty 50.

The stock has risen 10.33% in the last 12 months and fallen 30.87% year-to-date. Total traded volume so far in the day stood at 0.02 times its 30-day average. The relative strength index was at 28.17.

Out of 14 analysts tracking the company, seven maintain a 'buy' rating, four recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 11.8%.