ZEN Technologies Ltd (ZENTEC) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management is comfortable with achieving a full-year revenue of 1,200-1,300 crores for FY27, with the balance to be executed in H2.
- Major anti-drone system orders under FTP are now expected in Q4 FY27 at the earliest, with a risk of spilling into FY28.
- The company is budgeting capex of 150 crores for FY27 and a similar amount for FY28 to support R&D and infrastructure growth.
Performance Overview
- Achieved highest-ever quarterly revenue, driven by accelerated execution of the existing order book.
- Order book continued to grow, with new order inflows of 481.8 crores surpassing the revenue executed in the quarter.
- Maintained strong operational EBITDA margins, aligning with the full-year guidance of mid-30s percentage.
- Increased R&D investments in future products, particularly in AI, robotics, and next-generation anti-drone systems.
- The company remains debt-free with significant cash and bank balances, despite an increase in working capital to support order execution.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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