ZEN TECHNOLOGIES LTD. Q3 FY25 Results

I’m pleased to provide an update on our Q3FY25 performance, which demonstrates a stable performance, keeping us on track to meet our stated guidance of *900 crores revenues for FY25. The Union Budget 2025 demonstrates the government's commitment to strengthening the defence sector, with a record allocation of over %6.81 lakh crore for the Ministry of Defence, marking a 9.53% increase from FY25. This includes a substantial =1.80 lakh crore earmarked under the Capital Budget of Armed Forces, providing significant tailwinds for our industry. Our liquidity remains strong, with =1,028 crores in bank balances as of December 31, 2024. Furthermore, we completed the expansion of our assembly unit at Maheshwaram. This expansion enhances our ability to scale up operations to meet growing demand. In this quarter, we experienced a rise in profitability due to higher other income; however, we remain confident that we will achieve our EBITDA target of 35% and PAT margins of 25% by the end of the financial year. Our order book remains robust at 816.91 crores as of December 2024, reflecting a healthy pipeline for the coming quarters. Our strategic focus on securing new contracts and diversifying our portfolio ensures sustained revenue visibility and positions us well for continued growth. As part of our commitment to innovation and growth, we have made strategic acquisitions in robotics, aerospace, and defence propulsion, further solidifying our position as a leader in cutting-edge technology. We are pleased to announce the integration of Vector Technics, a frontrunner in electrical propulsion and IC engine technology for UAVs and robotics, and Bhairav Robotics, innovating in combat robotics and autonomous systems for defence and industrial applications, into our portfolio. These acquisitions significantly enhance our expertise in UAV propulsion, autonomous robotics, and advanced aerospace components. Additionally, the acquisition of Applied Research International (ARI) and ARI Labs bolsters our defence simulation capabilities, extending our technological reach into naval and maritime domains. This expansion reinforces our commitment to delivering cutting-edge solutions for defence, aerospace, and autonomous systems, driving innovation and strengthening national security.