Zen Technologies shares tumble 11% after Q4 profit plunges 69% YoY

Shares of Zen Technologies declined sharply by 11% to Rs 1,486 during Monday’s trading session after the company reported a steep drop in its March quarter earnings. The defence technology firm posted a 69% year-on-year fall in consolidated net profit to Rs 32 crore, compared with Rs 101 crore in the same period last year.

Revenue from operations also saw significant pressure, declining 45% YoY to Rs 178.7 crore in Q4FY26 from Rs 325 crore in the corresponding quarter of the previous fiscal.

The company noted that its March quarter revenue figures are derived as balancing numbers, calculated as the difference between audited full-year FY26 financials and unaudited year-to-date numbers up to December 31, 2025, which had undergone limited review.


On a sequential basis, profit after tax dropped 42% from Rs 55 crore reported in Q3FY26. However, revenue showed marginal growth of 2.4% quarter-on-quarter, rising from Rs 177.82 crore in the October–December quarter.

Zen Technologies, known for its anti-drone and defence training solutions, also announced a final dividend of Re 1 per share for FY26. The company stated that its order book stood at Rs 1,336 crore as of March 31, 2026.

Stock performance and outlook

Despite the sharp decline in the latest session, the stock has gained 22% over the past month. The company currently commands a market capitalisation of Rs 15,088 crore, with a 52-week high of Rs 2,268 and a low of Rs 1,223.

From a technical perspective, Trendlyne data shows the stock’s RSI (14) at 62.4, indicating it is neither overbought nor oversold. However, the stock is trading below four out of its eight simple moving averages, suggesting some bearish undertones.

On the shareholding front, foreign institutional investors (FIIs) increased their stake from 5.54% to 5.99% in the March 2026 quarter. Mutual fund holdings also rose from 5.05% to 6.72% during the same period.

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