Zen Technologies on Thursday, March 27, said it has won an order worth ₹152 crore from the defence ministry.

The order is for the supply of integrated air defence combat simulator for L70 gun to the ministry.

The same is to be executed within 18 months.

The defence company posted a net profit of ₹40 crore in the December quarter, compared to a profit of ₹30.58 crore in the same quarter a year ago. Revenue climbed 53% to ₹152 crore. EBITDA surged 42% to ₹66 crore in the quarter, while EBITDA margins slipped to 38.01% this quarter.

The company’s total order book as on December 31, 2024 stood ₹816.91 crore.

Brokerage firms such as Motilal Oswal, ICICI Securities and Nuvama have ‘Buy’ ratings on the counter, with target prices ranging from ₹2200 to ₹2535 per piece.

Zen Tech shares were trading 1.25% lower at ₹1,424.9 apiece at 2.50 pm. The stock has gained 28.38% in the past month.

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