Zen Technologies Results Earnings Call for Q3FY24
Conference Call with Zen Technologies Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.29-01-2024
29-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find the attached news paper publication relating to un-audited financial results for Q3FY24.29-01-2024
Q3FY24 Quarterly Result Announced for Zen Technologies Ltd.
Defence company Zen Technologies announced Q3FY24 results: Financial Performance Highlights Revenue: Zen Technologies reported an increase in revenue, reaching Rs 98.08 crore in Q3FY24, a growth of 198% YoY. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): The company's EBITDA soared to Rs 48.41 crore, marking a substantial rise of 371% YoY. PAT (Profit After Tax): PAT stood at Rs 31.67 crore, which represents a remarkable 317% YoY increase. EBITDA Margins: EBITDA margins climbed impressively, reaching 47.34% in Q3FY24. Order Book and Strategic Growth New Patent Grants: Zen Technologies secured 15 new patent grants in India during FY24, emphasizing its focus on innovation and technological progress. Revenue Target: The company remains on track to achieve the revenue target of Rs 450+ crore for FY24. Order Book: The order book is robust with optimism for securing additional contracts. Export Markets: There is an active pursuit of significant growth opportunities in export markets with competitive product offerings. Future Projections and Investment Turnover Projection: The company is confident about achieving a turnover of 900+ crore in the next financial year. Acquisition and Expansion: Zen Technologies is exploring inorganic expansion opportunities through acquisitions. Fundraising Resolution: An enabling resolution has been passed to raise funds to an aggregate amount of Rs 1,000 crore to support growth. Commenting on the results, Ashok Atluri – Chairman and Managing Director, said, “Reflecting on the performance of Q3FY24, I am pleased to report that Zen Technologies Limited has continued its growth trajectory, reporting the company's best 9-month performance in its history. FY24 is on course to become the most successful year to date in terms of financial performance and new order wins for the company. To date in FY24, the company has secured 15 new patent grants in India, reinforcing its commitment to innovation and technological advancement. In line with our previously stated guidance, we remain on track to achieve our revenue target of Rs 450+ crore for FY24. The order book remains robust, and we are optimistic about securing additional contracts. Furthermore, the export markets continue to offer significant growth opportunities, which the company is actively pursuing with its competitive product offerings. Building on this momentum, we are confident in our ability to achieve a turnover of Rs 900+ crore in the next financial year, which would mark another milestone in our journey of growth. Zen Technologies remains focused on maintaining strong liquidity and leveraging its asset-light business model to ensure sustained growth and value creation for our stakeholders. Zen is also looking at opportunities to expand inorganically through acquisition. To support this path of probable growth, we have passed an enabling resolution to raise funds. This resolution allows for the raising of funds up to an aggregate amount of Rs 1,000 crore. We anticipate that our strategic investments and the unwavering commitment to our core competencies will continue to yield positive outcomes as we advance." Result PDF29-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find the attached Investor presentation on the UFR of the Company for the quarter and nine months ended 31.12.202329-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find the attached press-release29-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Outcome Of The Board Meeting- Appointment Of Director
As per attached27-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Board Meeting Outcome for Outcome Of The Board Meeting Dated January 27, 2024
Please find the attached outcome of the Board meeting along with un-audited financials results27-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Outcome Of The Board Meeting Dated January 27, 2024
Please find the attached outcome of Board meeting27-01-2024
ZEN TECHNOLOGIES LTD. - 533339 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find enclosed invitation of the conference call scheduled on Monday, January 29, 2024, at 4:00 p.m. (IST) to discuss the Q3FY24 performance of the Company.23-01-2024