Zen Technologies shares slump 9% in 2 days post Q1 results
Shares of Zen Technologies dropped nearly 9% over two days to Rs 1,603 on the BSE following the company’s Q1 results, which showed muted performance and a slowdown in order inflows.
A report by Nuvama highlights that the consolidated order backlog has declined to Rs 7.54 billion (0.7x FY25 sales), down from Rs 11.6 billion in June 2024, raising concerns about future growth visibility. However, management remains optimistic about achieving Rs 6.5 billion in order inflows in Q2FY26, supported by potential US/NATO exports and India’s defense emergency procurement orders throughout FY26.
