Financial results for Q4FY26 - Zen Technologies Ltd

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FY26 financial performance was muted relative to FY25, a trajectory we have communicated earlier to our investors and stakeholders. What the headline numbers do not capture is the structural transformation that took place over the last 2 years: Zen ended FY26 as a defence company with five capabilities that are ready to be offered to the Armed Forces — training simulation and systems, counter drone solutions, automated weapons stations, combat robotics and drones. The recent expansion of our product portfolio dovetails to the actual war needs as amplified recent wars including the Iran war. Another positive for the year was the contribution from our subsidiaries to the consolidated revenue and earnings, validating the capital allocation decisions we have made over years. These investments collectively position Zen to compete across a wider set of opportunities going forward. FY26 was a year where order conversion timing was delayed beyond what we expected, but now FY27 execution is clearly visible. We closed the year with a consolidated order book of Rs 1,336 crore, including new order inflows of Rs 431 crore secured during Q4 FY26 alone. The pipeline of opportunities remains robust and the majority of our current order book is scheduled for execution in FY27.