Aerospace and defense sector company Zen Technologies has released its second quarter results. The company's income and profits have seen a sharp jump compared to last year. The company has released its results on Saturday, so the impact of the results on the stock can be seen in Monday's trading. According to the information given by the company, the profit has increased 4 times compared to last year. At the same time, there has been an increase of about 4 times in income. In the last session, the stock closed with a slight decline.
How were the quarterly results The company's profit has increased from Rs 15.3 crore to Rs 62.6 crore as compared to last year, that is, there has been an increase of 309 percent in it. At the same time, the income has increased from Rs 66.5 crore to Rs 241.8 crore during this period. That is, the company's income has seen an increase of 263 percent year on year. The company's EBITDA has also increased more than 4 times and has increased from Rs 19 crore to Rs 80 crore as compared to last year. The company's margins have been at 33.1 percent, which was 28.4 percent a year ago. The Hyderabad-based company is an anti-drone technology and defense training solution provider company. As per the data till 30 September 2024, the company's order book is Rs 956.74 crore. During the quarter, the company was successful in raising Rs 100 crore through QI. The stock has given a return of more than 160 percent to its investors in the last one year. A year ago, the stock was below the level of 720. Currently, the stock is above the level of 1875.
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