Zen Technologies Q3 FY26 – Margin-Led Growth with Strong Earnings

Zen Technologies delivered a solid performance in the December 2025 quarter, supported by steady execution and strong margin expansion, translating into healthy growth in profitability. • Sales: ↑ 17% YoY to ₹178 crore (vs ₹152 crore in Dec 2024) • EBIDT: ↑ 50% YoY to ₹66.5 crore (vs ₹44.2 crore) • Net Profit: ↑ 38% YoY to ₹55.7 crore (vs ₹42.7 crore) • EPS: ↑ 38% YoY to ₹6.07 (vs ₹4.40) At a price of ₹1,416, market cap ₹12,782 crore, and PE 48.7, Zen Technologies reflects premium expectations driven by its niche defence training and simulation business. The sharp rise in EBIDT compared to revenue highlights strong operating leverage and margin strength, reinforcing confidence in its long-term growth trajectory.