Zen Technologies Q2 results: Net profit rises 51%, revenue nearly doubles to ₹345 crore

What happened

Zen Technologies reported a 50.7% year-on-year rise in consolidated net profit to ₹90 crore for the second quarter of FY27, while revenue nearly doubled to ₹345.1 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA), which means operating profit before those items, rose to ₹132 crore, and the order book stood at ₹1,375.70 crore.

Confirmed

Global impact / market context

Revenue growing faster than profit shows the company kept a smaller share of each extra sale as profit, while EBITDA, which means profit before interest, taxes, depreciation and amortisation, rose. Its ₹1,375.70 crore order book, meaning orders won but not yet completed, gives visibility on future revenue.

Analyst inference

The shares ended 1.83% lower at ₹1,592 on the NSE on October 30, suggesting investors did not reward the strong headline growth. This may reflect expectations already priced in or concerns about order conversion and execution timing.

Analyst inference

What to watch

1. The company's order book stood at ₹1,375.70 crore as of September 30, 2026, which means the total value of orders won but not yet completed. Confirmed
2. Watch how quickly the ₹1,375.70 crore order book converts into revenue, because slow execution would delay cash inflows and could pressure working capital, which means cash tied up in day-to-day operations. Analyst inference
3. Track whether EBITDA margin, which means operating profit as a share of revenue, stays near 38.2%, since a drop would signal rising costs or less profitable sales. Analyst inference

Evidence

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