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Zen Technologies Ltd. Earnings Release 2021
60795_rns_2021-05-03_342483a2-c41b-4ee6-aa29-e2785990a9ca.pdf
Earnings Release
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ZEN TECHNOLOGIES LIMITED
Certified ISO 9001 :2015, ISO 27001 :2013, CMMI ML5 Regd. Office : B-42, Industrial Estate, Sanathnagar, Hyderabad - 500 018, Telangana, India. Phone: +91 40 23813281/3294/2894/4894 Fax No: +91 40 23813694 Email: [email protected] Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939
Date: 03'd May 2021
· To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre Security Code: 533339
To National Stock Exchange oflndia Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Through: NEAPS Symbol/Security ID: ZENTEC
Dear Sir/Madam,
Sub: Press Release Q4 FY 2021
Please find attached Press Release for the quarter ended 31st March 2021.
The above information is also available on the website of the Company: https://www.zentechnologies.com/.
This is for your kind information and records.
Thanking You.
Yours sin£_erely,
Works: Plot 36, Hardware Park, Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India
Q4FY21 Press & Media Release
Hyderabad, May 03, 2021
Zen Technologies, India's leading defense training solutions provider announced its financial results for Q4FY21 today:
Commenting on the performance of Q4FY21, Mr. Ashok Atluri, Chairman, Managing Director & CFO commented:
"We can look back at the last financial year as a challenging one. We entered FY2020-21 in a period of significant uncertainty related to macro factors that were beyond our control. The company also suffered a decline in financial performance due to the delay in release of Modernization fund from the central Government which led to lower orders than expected. However, in these challenging times the company continues to focus on factors within its control by harnessing its strong research and development capabilities and continuously introducing new products with huge market opportunities.
With an aim to strengthen the business further, the company has invested ₹ 11.97 crores in Research and Development in FY2020-21. As a result this year the company has added the following 4 new products to its offerings:
- 1. Anti-Drone Systems
- 2. Integrated Air Defence Combat Simulators
- 3. Drone Simulators and Anti Drone Simulators
- 4. Logistics Drones
We expect these products to make significant contributions to our topline given the changing dynamics of warfare. Also, we believe that the use of drones will not only be limited to military and will have much wider applications.
Conclusion:
FY2021-22 has started on an uncertain note with severe impact from the 2nd wave of the ongoing COVID-19 pandemic. This may affect us in the short term as Government funds get diverted and some orders get delayed. However, we firmly believe that we have the experience and financial strength to see this through and emerge stronger. With all the Research and Development work that has happened behind the scenes of this subdued financial performance, we remain confident that we will emerge out much stronger once the situation normalizes."
Q4FY21 Consolidated Revenue from Operations stood at ₹ 21.55 crores
- EBITDA (excluding Other Income) stood at ₹3.08 crores, resulting in EBITDA margins of 14.30%
- PAT stood at ₹ 1.83 crores, resulting in PAT margins of 8.51%
- Company maintains strong Balance Sheet position by being almost Debt-free and supported by ample liquidity-position
- Launched 4 new products during FY2020-21
- Recommended dividend of ₹0.10 per share
All data ₹ in crores (excluding EPS)
| Particulars | Q4FY21 | Q3FY21 | Q4FY20 |
|---|---|---|---|
| Revenue from Operations | 21.55 | 16.57 | 19.79 |
| Other Income | 0.89 | 0.73 | 0.96 |
| Total Income | 22.44 | 17.30 | 20.75 |
| Total Operating Expenses | 18.47 | 13.20 | 16.03 |
| EBITDA | 3.08 | 3.37 | 3.83 |
| EBITDA Margins (%) | 14.30 | 20.32 | 19.33 |
| Interest Cost | 0.29 | 0.17 | 0.99 |
| Depreciation | 1.26 | 1.23 | 1.19 |
| Profit Before Tax | 2.42 | 2.69 | 2.62 |
| Profit After Tax | 1.83 | 1.75 | 19.12 |
| EPS | 0.17 | 0.29 | 2.39 |
About Zen Technologies Limited
Zen Technologies Limited is a pioneer and leader in providing world class state of art Defence Training Solutions and has a proven and impeccable track record in building training systems for imparting defense training and measuring combat readiness of security forces. The company is engaged in indigenous design, development and manufacture of sensors and simulators technology based defence training systems and has relentlessly been providing Defence Training Solutions and seamless services to Ministry of Defence (Armed Forces), Security Forces Police, Para-military forces and is privileged to have served the nation for over 2.5 decades. The company manufactures land based military training simulators, driving simulators, Live range equipment and Anti drone Systems. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 90 patents and shipped more than 1000 training systems around the world.
CONTACT US
Hansraj Singh Rajput
Company Secretary & Compliance Officer Zen Technologies Limited [email protected]
Diwakar Pingle
Investor Relations Advisor Christensen IR [email protected]
Abhishek Mehra
Investor Relations Advisor The Investment Lab [email protected]
SAFE HARBOUR
This document which have been prepared by Zen Technologies Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.
Certain matters discussed in this Document may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.