Zen Technologies earnings calls.

Zen Technologies reported Q1 FY27Current reported value: 27. No comparable prior figure is available in the source record. consolidated revenue of ₹141.6 croreCurrent reported value: ₹141.6 crore. No comparable prior figure is available in the source record., down 10.5% YoY, with EBITDA margin compressed to 27.3% versus 40.9% in Q1 FY26. The margin decline was driven by negative operating leverage on a lower revenue base and one-off items including ₹3.4 crore fire-related loss and increased warranty/R&D provisions totaling ₹7.13 crore. Gross margin remained stable at 72.9%, indicating no structural deterioration in business economics. The company secured ₹1,239 croreCurrent ₹1,239 crore. Reported change: ₹1,416 crore exe + ₹178 crore new order. consolidated order book (equipment ₹920.6 crore + AMC ₹318.4 crore) and received a ₹177.5 crore tank simulator order post-quarter. Management targets mid-30s% EBITDA margins for FY27 and ₹4,000 crore cumulative revenueCurrent reported value: ₹4,000 crore cumulative revenue. No comparable prior figure is available in the source record. over FY27-28, with simulators contributing ~₹2,000 crore. Strong balance sheet with ₹1,217 croreCurrent ₹1,217 crore. Reported change: ₹0 debt. cash and zero debt. Key risks include delayed government tender flow for anti-drone systems and margin pressure if revenue execution remains H2-weighted.