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Zen Technologies Ltd. Earnings Release 2021
60795_rns_2021-01-30_48557599-7a3e-475b-b8ba-6d17068c069e.pdf
Earnings Release
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ZEN TECHNOLOGIES LIMITED
Certified ISO 9001:2015, ISO 27001:2013, ISO 14001:2015, CMMI ML5 Regd. Office : B-42, Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India Phone: +91 40 23813281, Fax No: +91 40 23813694 Email: [email protected] Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939
Date: 30111 January 2021
To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre Security Code: 533339
To National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Banclra Kurla Complex, Bandra (E), Mumbai - 400 051 Through: NEAPS Symbol/Security lD: ZENTEC
Dear Sir/Madam,
Sub: Press Release Q3 FY 2021
Please find attached Press Release for the quarter ended Dec 31, 2020.
The above information is also available on the website of the Company: https://www.zentechnologies.com/corporate-announcements
This is for your kind information and records.
Thanking You.
Works: Plot 36, Hardware Park. Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India
Q3FY21 Press & Media Release
Hyderabad, January 30, 2021
Zen Technologies, India's leading defense training solutions provider announced its financial results for Q3FY21 today:
Commenting on the Q3FY21 performance, Mr. Ashok Atluri – Chairman, Managing Director and CFO said:
"For us financial year 2020-21 started on a subdued note and has indeed been a challenging year. In Q3FY21 the Revenue from Operations was lower than expected due to a delay in the release of the Modernization Fund from the Central Government. We expect the Government to release these funds soon which in turn should help us bag some orders. In these challenging times, we are focusing on strengthening our relationships with existing clients and doing the groundwork for development of new products. I would like to take this opportunity to share with you that we have developed 4 new products which should augur well for the company's growth in the coming future. These products are:
- 1. Anti Drone Systems
- 2. Integrated Air Defence Combat Simulators
- 3. Drone Simulators
- 4. Anti-Drone Simulators
We expect these products to start contributing to our revenues in the next 9-12 months, especially our Anti-Drone Systems & Simulators which are positioned to take benefit from a huge upcoming opportunity, given the recent change in the nature of warfare.
While the operating environment may continue to remain challenging in the near term, we remain confident that we will bear the fruits of our investments in the long term. We will continue to broaden the range of our offerings by continuing to invest in extensive R&D. With increased focus of the Government on curbing defence imports and making India self reliant, we are well-positioned to benefit from the upcoming opportunities."
Q3FY21 Revenue from Operations stood at ₹ 16.57 crores
- EBITDA (excluding Other Income) stood at ₹3.37 crores, resulting in EBITDA margins of 20.32%
- PAT stood at ₹ 1.75 crores, resulting in PAT margins of 10.56%
- Maintains strong Balance Sheet position by being almost Debt-free and supported by ample liquidity-position
- Launched 4 new products in the quarter
| All data ₹ in crores (excluding EPS) | |||
|---|---|---|---|
| Particulars | Q3FY21 | Q2FY21 | Q3FY20 |
| Revenue from Operations | 16.57 | 12.35 | 32.99 |
| Other Income | 0.73 | 0.71 | 0.42 |
| Total Income | 17.30 | 13.06 | 33.41 |
| Total Operating Expenses | 13.20 | 9.72 | 18.83 |
| EBITDA (excluding other income) | 3.37 | 2.63 | 14.16 |
| EBITDA Margins | 20.32% | 21.30% | 42.91% |
| Interest Cost | 0.17 | 0.50 | 0.58 |
| Depreciation | 1.23 | 1.22 | 1.09 |
| Profit Before Tax | 2.69 | 1.62 | 12.92 |
| Profit After Tax | 1.75 | 0.92 | 9.77 |
EPS 0.29 0.1 1.33
All data ₹ in crores (excluding EPS)
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 forwardlooking 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.