Z-Tech

Z-Tech delivered a strong Q3 with revenue surging 74% YoYCurrent reported value: 74% YoY. No comparable prior figure is available in the source record. to ₹42 croreCurrent reported value: ₹42 crore. No comparable prior figure is available in the source record., driven by a 4x jumpCurrent 4x jump. Reported change: +300% YoY. in the geotechnical (Terra) segment from new flood mitigation and mining stabilization projects. EBITDA grew 58%Current reported value: 58%. No comparable prior figure is available in the source record. to ₹11.6Current reported value: 11.6. No comparable prior figure is available in the source record. crore, though margins compressed ~280bps due to mix shift toward lower-margin geotech work. PAT rose 51%Current reported value: 51%. No comparable prior figure is available in the source record. to ₹7.62Current reported value: 7.62. No comparable prior figure is available in the source record. crore. Management reiterated FY26 guidance of ₹150 crore revenue and ₹40 crore PAT, implying a massive Q4 ramp. The parks vertical is transitioning from EPC to an asset-light O&M model, targeting 15+ operational parksCurrent 15+ operational parks. Reported change: +11 parks vs start of year. by April 2026 (from 4 at start of year) and 100 parks in 3 yearsCurrent reported value: 100 parks in 3 years. No comparable prior figure is available in the source record.. Recurring revenue from ticketing/F&B is expected to reach 25% of parks revenue next year. Key risk: park inauguration delays due to government VIP schedules could push operational revenue recognition into FY27.