Zen Technologies’ profit grows multi-fold in FY’23

Hyderabad: Hyderabad-based Zen Technologies Limited has reported a multi-fold growth in profit after tax (PAT) at Rs 50 crore in FY23 from Rs 2.6 crore in FY22. The company’s revenues from operations rose 214 per cent to Rs 219 crore when compared to Rs 70 crore in FY22. Zen Technologies manufactures sensor and simulator technology-based defense training systems, drones, and anti- drones solutions with a proven and impeccable track record in building training systems for imparting defense training and measuring combat readiness of security forces.

Ashok Atluri, CMD of the company, said: “As previously committed, we recorded the highest revenue in the history of Zen Technologies. We also secured new orders of worth Rs 141.67 crore during the quarter. We have strong order book of Rs 473 crore and expecting good growth in coming quarters.”