Zen Technologies Shares Hit a New 52-Week High: Soared 8%

Zen Technologies shares hit a new 52-week high of ₹2,034.60, rallying 8% on the BSE during Friday’s intra-day trade. This surge in share price is related to the announcement made by the company on Thursday, December 5, 2024, about the formalisation of its partnership with Applied Visual Technology Inc. (D.B.A AVT Simulation). Zen Technologies shares surpassed its previous high of ₹1,998.80, which was recorded on October 15, 2024.

Zen Technologies’ Expansion in the US

Zen Technologies, a global leader in defence training and anti-drone solutions, is making a strategic push into the U.S. defence market. AVT Simulation, a premier provider of customized training systems, has teamed up with Zen to revolutionize simulation and training solutions for defence and security forces. The collaboration will focus on enhancing training capabilities for various sectors, providing immersive and cost-effective solutions.

This strategic alliance will integrate Zen’s cutting-edge technologies with AVT’s expertise in delivering tailored simulation systems. Together, the companies plan to develop next-generation solutions for defence, emergency response, and commercial applications. The partnership aims to meet the increasing demand for advanced training platforms in the U.S., a market that is rapidly growing in the field of defence and security.

Zen Technologies has already developed strategic solutions tailored to the specific needs of its clients, including the Ministry of Interiors and the Ministry of Defence. The company’s customized training programs are aligned with the requirements of the U.S. Army and the U.S. Department of Defense, strengthening its position in the global defence market.

Zen Technologies Financial Performance

In the first half of FY25, Zen Technologies reported a standalone revenue of ₹495.64 crore, reflecting a 152% year-on-year growth. The company’s profit after tax (PAT) for the period was ₹139.42 crore, showing an impressive 116% increase compared to the previous year. Operational EBITDA also demonstrated strong performance, reaching ₹182.61 crore, up by 108% year-on-year.

The Indian government has significantly increased its defence budget to support modernization and capability enhancement. The Indian defence market is projected to reach $70 billion by 2030, driven by the government’s focus on modernizing and indigenizing defence capabilities. Domestic defence production is expected to exceed $25 billion by 2025, creating substantial opportunities for both public and private sector players, as highlighted in Zen’s FY24 annual report.

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