Zen Applied sciences share worth plunged over 17% in early commerce on Monday after the corporate reported its Q3 outcomes. Zen Applied sciences shares declined as a lot as 17.62% to ₹1,111.30 apiece on the BSE.
The Drone manufacturing firm, Zen Applied sciences reported a internet revenue of ₹38.62 crore within the third quarter of FY25, registering a progress of twenty-two% from ₹31.67 crore within the year-ago quarter, led by increased different revenue. On a sequential foundation, internet revenue declined 40.8% from ₹65.24 crore within the earlier quarter.
The corporate’s income from operations in Q3FY25 elevated 44% to ₹141.52 crore from ₹98.08 crore, year-on-year (YoY). The income dropped 41.44% from ₹241.69 crore within the September quarter.
On the operational degree, earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) grew 21% to ₹58.69 crore from ₹48.41 crore, YoY. Nonetheless, EBITDA decreased 33.18% from ₹87.84 crore, quarter-on-quarter (QoQ).
EBITDA margins weakened to 35.90% from 47.34%, YoY, whereas it improved from 35.12%, QoQ.
“On this quarter, we skilled an increase in profitability attributable to increased different revenue; nevertheless, we stay assured that we are going to obtain our EBITDA goal of 35% and PAT margins of 25% by the top of the monetary 12 months. Our order e book stays sturdy at ₹816.91 crores as of December 2024, reflecting a wholesome pipeline for the approaching quarters,” mentioned Ashok Atluri, Chairman and Managing Director, Zen Applied sciences.
Strategic Investments
Zen Applied sciences on February 15 introduced strategic investments in two corporations Vector Technics Non-public Ltd and Bhairav Robotics Non-public Ltd.
Beneath the phrases of the agreements, Zen Applied sciences now holds a 51% controlling stake in Vector Technics, a number one supplier of propulsion and energy distribution options for drones and UAVs. This acquisition permits Zen to increase into aerospace parts and reinforce its position in supporting international drone and robotics industries.
Zen Applied sciences has additionally acquired a forty five.33% stake in Bhairav Robotics, strengthening its place within the protection robotics and autonomous techniques section.
Bhairav Robotics focuses on superior robotic merchandise reminiscent of quadrupedal robots and autonomous weapon techniques, Zen Applied sciences mentioned.
At 9:20 AM, Zen Applied sciences shares had been buying and selling 13.68% decrease at ₹1,164.60 apiece on the BSE.
