Defence stock engaged in the business of designing, developing, and manufacturing State-of-the-art combat Training Solutions for the training of Defence & Security Forces in focus upon receiving new patent for Basic Gunnery Training Simulator.
Price Action
With a market capitalization of Rs. 15,414 Crores, the shares of Zen Technologies Limited were trading at Rs. 1,708 per equity share, down 8 percent from the previous day’s close price of Rs. 1,848.50.
What Happened
Zen Technologies Limited has announced that it has secured a grant for its new patent for the ‘Basic Gunnery Training Simulator’ designed for the T-90 tank, this marks its 12th patent secured in the financial year 2024-25, solidifying its position as a leader in advanced military training technologies.
The patent is for a state-of-the-art training platform developed to enhance a tank gunner’s technical and operational skills, replicating real-world battlefield conditions with features such as target acquisition, ammunition selection, and fire simulations.
The system’s advanced motion platform realistically mimics pitch, roll, and surge dynamics, offering an immersive experience for trainees, ensuring easy deployment, and enabling training in diverse environments with minimal logistical challenges.
This also supports India’s Self-Reliance Missions considering its cost-effective, indigenously developed approach, advanced features, and customizable modules make it a compelling alternative to its global counterparts.
Recent Updates
In recent events, Zen Technologies Limited received 2 more patents for a 60 mm Mortar Training Simulator and T-72 Containerized Crew Gunnery Simulator System, from the Indian Government.
About the Company
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
As of Q2FY25 Zen Technologies Limited has a strong order book of Rs. 956.74 Crores, consisting of annual maintenance contracts for Rs. 288.69 Crores and supply of equipment for Rs. 668.05 Crores, followed by revenue segmentation where the supply of equipment generates 96.49 percent of the revenue and 3.50 percent from AMC contracts.
Zen Technologies Limited’s total order book of Rs. 956.74 Crores segmental breakup consists of training simulators and equipment for Rs. 484.96 Crores and Anti-Drone Systems for Rs. 471.79 Crores.
Its revenue from operations grew by 248 percent from Rs. 71.84 Crores in Q2FY24 to Rs. 250.31 Crores in Q2FY25, accompanied by profits of Rs. 15.28 Crores to Rs. 62.67 Crores.
Written by: Bharath K.S
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