Profit before tax surged to Rs 66.98 crore in Q1 FY24 from Rs 11.87 crore in Q1 FY23.

EBITDA stood at Rs 68.79 crore in Q1 FY24, registering growth of 414.13% as compared with Rs 13.38 crore posted in corresponding quarter last year. EBITDA margin was 50.93% in Q1 FY24 as against 37.80% in Q1 FY23.

As on 30 June 2023, the company's total order book stood at Rs 542.84 crore and R&D spends was at Rs 4.89 crore.

Ashok Atluri, chairman and managing director, said, “Strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders. The inherent operating leverage of business model came to the fore this quarter, evident in EBITDA of 51%.

During this quarter, we secured new orders amounting to approximately Rs 202 crore. Additionally, in July 2023, we bagged orders worth around Rs 500 crore. This brings our cumulative order book position to approximately Rs 1,000 crore, a figure that exceeds the cumulative turnover of the last whole decade.”

Zen Technologies is engaged in design, development and manufacture of Training Simulators for Police and Para-military Forces, Armed Forces, Security Forces, Government Departments like Transport, Mining, Infrastructure and Civilian market.

The scrip hit all time high at Rs 674.75 in intraday today.