Net profit of Zen Technologies rose 310.14% to Rs 62.67 crore in the quarter ended September 2024 as against Rs 15.28 crore during the previous quarter ended September 2023. Sales rose 263.67% to Rs 241.84 crore in the quarter ended September 2024 as against Rs 66.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales241.8466.50 264 OPM %33.0828.53 - PBDT86.2123.78 263 PBT82.3721.57 282 NP62.6715.28 310 Powered by Capital Market - Live News

Zen Technologies will hold a meeting of the Board of Directors of the Company on 2 November 2024Powered by Capital Market - Live News

Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live News

Zen Technologies has successfully raised Rs 1,000 crore through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on 21 August 2024, and closed on 23 August 2024, saw significant interest from both domestic and international investors, underscoring strong confidence in the company`s strategic vision and market position. Zen Technologies allocated 62,46,096 equity shares, each with a face value of Re 1, to qualified institutional buyers (QIBs) at an issue price of Rs 1,601 per share. This pricing represents a discount of approximately 5% to the QIP floor price of Rs 1,685.18 per share, as determined by SEBI regulations. The QIP was oversubscribed by ��5 times, reflecting the high demand and investor confidence in Zen Technologies` growth strategy. Key investors participating in this QIP include Kotak Mutual Fund, White Oak Offshore Fund, White Oak Mutual Fund, Motilal Oswal Mutual Fund, and Bandhan Mutual Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Zen Technologies` growth plans. These include exploring inorganic growth opportunities and funding working capital requirement for the expected rapid growth in the coming years. This capital infusion aligns with the company��s long-term vision to penetrate adjacent markets (Naval and Air Force), to continue deep R&D in the field of counter-drone solutions, and expand its footprint in the global defence market.Powered by Capital Market - Live News

Net profit of Zen Technologies rose 63.11% to Rs 76.81 crore in the quarter ended June 2024 as against Rs 47.09 crore during the previous quarter ended June 2023. Sales rose 92.24% to Rs 254.62 crore in the quarter ended June 2024 as against Rs 132.45 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales254.62132.45 92 OPM %43.7352.03 - PBDT113.2671.17 59 PBT110.2569.26 59 NP76.8147.09 63 Powered by Capital Market - Live News