| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 100 | 141 | 255 | 242 | 152 | 325 | 158 | 174 | 178 | 178 | 142 | |
Growth YoY Revenue Growth YoY% | 99.0 | 89.6 | 47.5 | 92.2 | 263.7 | 52.9 | 129.8 | -37.9 | -28.2 | 16.8 | -45.2 | -10.5 |
| 48 | 57 | 91 | 143 | 162 | 108 | 187 | 94 | 109 | 111 | 127 | 103 | |
| 19 | 42 | 50 | 111 | 80 | 44 | 138 | 65 | 65 | 67 | 51 | 39 | |
OPM OPM% | 28.5 | 42.7 | 35.7 | 43.7 | 33.1 | 29.0 | 42.5 | 40.9 | 37.3 | 37.6 | 28.6 | 27.3 |
| 5 | 4 | 5 | 3 | 8 | 22 | 25 | 21 | 26 | 15 | 21 | 15 | |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 3 | 2 | 3 | 2 | 1 |
Depreciation DepreciationCr | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 8 |
PBT PBTCr | 22 | 44 | 52 | 110 | 82 | 59 | 154 | 76 | 83 | 73 | 64 | 45 |
| 8 | 14 | 14 | 31 | 19 | 17 | 40 | 23 | 21 | 17 | 17 | 13 | |
| 14 | 30 | 38 | 79 | 63 | 43 | 114 | 53 | 62 | 56 | 47 | 32 | |
Growth YoY PAT Growth YoY% | 78.6 | 150.0 | 60.9 | 64.1 | 365.4 | 43.0 | 202.6 | -33.2 | -2.4 | 30.6 | -58.5 | -40.0 |
NPM NPM% | 20.5 | 30.0 | 26.6 | 31.2 | 26.2 | 28.0 | 35.0 | 33.5 | 35.7 | 31.3 | 26.5 | 22.5 |
| 1.8 | 3.7 | 4.2 | 9.2 | 7.3 | 4.4 | 11.2 | 5.3 | 6.6 | 6.1 | 3.5 | 3.8 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 100 | 141 | 255 | 242 | 152 | 325 | 158 | 174 | 178 | 178 | 142 | |
Growth YoY Revenue Growth YoY% | 99.0 | 89.6 | 47.5 | 92.2 | 263.7 | 52.9 | 129.8 | -37.9 | -28.2 | 16.8 | -45.2 | -10.5 |
| 48 | 57 | 91 | 143 | 162 | 108 | 187 | 94 | 109 | 111 | 127 | 103 | |
| 19 | 42 | 50 | 111 | 80 | 44 | 138 | 65 | 65 | 67 | 51 | 39 | |
OPM OPM% | 28.5 | 42.7 | 35.7 | 43.7 | 33.1 | 29.0 | 42.5 | 40.9 | 37.3 | 37.6 | 28.6 | 27.3 |
| 5 | 4 | 5 | 3 | 8 | 22 | 25 | 21 | 26 | 15 | 21 | 15 | |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 3 | 2 | 3 | 2 | 1 |
Depreciation DepreciationCr | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 8 |
PBT PBTCr | 22 | 44 | 52 | 110 | 82 | 59 | 154 | 76 | 83 | 73 | 64 | 45 |
| 8 | 14 | 14 | 31 | 19 | 17 | 40 | 23 | 21 | 17 | 17 | 13 | |
| 14 | 30 | 38 | 79 | 63 | 43 | 114 | 53 | 62 | 56 | 47 | 32 | |
Growth YoY PAT Growth YoY% | 78.6 | 150.0 | 60.9 | 64.1 | 365.4 | 43.0 | 202.6 | -33.2 | -2.4 | 30.6 | -58.5 | -40.0 |
NPM NPM% | 20.5 | 30.0 | 26.6 | 31.2 | 26.2 | 28.0 | 35.0 | 33.5 | 35.7 | 31.3 | 26.5 | 22.5 |
| 1.8 | 3.7 | 4.2 | 9.2 | 7.3 | 4.4 | 11.2 | 5.3 | 6.6 | 6.1 | 3.5 | 3.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 79 | 53 | 62 | 92 | 149 | 55 | 70 | 219 | 440 | 974 | 688 | 671 |
Growth Revenue Growth% | 69.5 | -33.0 | 17.2 | 61.9 | -63.4 | 27.7 | 213.8 | 101.0 | 121.4 | -29.4 | -23.5 | |
| 58 | 51 | 50 | 76 | 87 | 47 | 65 | 146 | 259 | 600 | 440 | 450 | |
| 21 | 2 | 11 | 17 | 63 | 7 | 5 | 73 | 181 | 374 | 247 | 221 | |
OPM OPM% | 26.6 | 3.1 | 18.4 | 18.1 | 42.0 | 13.5 | 6.5 | 33.2 | 41.1 | 38.4 | 36.0 | 33.0 |
| 3 | 5 | 4 | 3 | 2 | 3 | 5 | 9 | 17 | 58 | 84 | 78 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 5 | 3 | 1 | 2 | 4 | 2 | 10 | 10 | 8 |
Depreciation DepreciationCr | 2 | 2 | 4 | 4 | 5 | 5 | 5 | 6 | 10 | 15 | 24 | 26 |
PBT PBTCr | 20 | 3 | 9 | 11 | 57 | 4 | 3 | 72 | 186 | 406 | 297 | 266 |
| 4 | 1 | 2 | -2 | -2 | 2 | 1 | 22 | 57 | 107 | 79 | 69 | |
PAT PATCr | 16 | 2 | 7 | 13 | 59 | 3 | 3 | 50 | 130 | 299 | 218 | 197 |
Growth PAT Growth% | 22,838.4 | -85.3 | 210.0 | 340.3 | -95.3 | -5.9 | 1,814.8 | 159.2 | 131.1 | -27.2 | -27.9 | |
NPM NPM% | 20.0 | 4.4 | 11.6 | 14.4 | 39.3 | 5.1 | 3.7 | 22.8 | 29.4 | 30.7 | 31.7 | 29.3 |
| 2.0 | 0.3 | 0.9 | 1.7 | 7.6 | 0.4 | 0.3 | 5.4 | 15.4 | 32.1 | 21.5 | 20.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 79 | 53 | 62 | 92 | 149 | 55 | 70 | 219 | 440 | 974 | 688 | 671 |
Growth Revenue Growth% | 69.5 | -33.0 | 17.2 | 61.9 | -63.4 | 27.7 | 213.8 | 101.0 | 121.4 | -29.4 | -23.5 | |
| 58 | 51 | 50 | 76 | 87 | 47 | 65 | 146 | 259 | 600 | 440 | 450 | |
| 21 | 2 | 11 | 17 | 63 | 7 | 5 | 73 | 181 | 374 | 247 | 221 | |
OPM OPM% | 26.6 | 3.1 | 18.4 | 18.1 | 42.0 | 13.5 | 6.5 | 33.2 | 41.1 | 38.4 | 36.0 | 33.0 |
| 3 | 5 | 4 | 3 | 2 | 3 | 5 | 9 | 17 | 58 | 84 | 78 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 5 | 3 | 1 | 2 | 4 | 2 | 10 | 10 | 8 |
Depreciation DepreciationCr | 2 | 2 | 4 | 4 | 5 | 5 | 5 | 6 | 10 | 15 | 24 | 26 |
PBT PBTCr | 20 | 3 | 9 | 11 | 57 | 4 | 3 | 72 | 186 | 406 | 297 | 266 |
| 4 | 1 | 2 | -2 | -2 | 2 | 1 | 22 | 57 | 107 | 79 | 69 | |
PAT PATCr | 16 | 2 | 7 | 13 | 59 | 3 | 3 | 50 | 130 | 299 | 218 | 197 |
Growth PAT Growth% | 22,838.4 | -85.3 | 210.0 | 340.3 | -95.3 | -5.9 | 1,814.8 | 159.2 | 131.1 | -27.2 | -27.9 | |
NPM NPM% | 20.0 | 4.4 | 11.6 | 14.4 | 39.3 | 5.1 | 3.7 | 22.8 | 29.4 | 30.7 | 31.7 | 29.3 |
| 2.0 | 0.3 | 0.9 | 1.7 | 7.6 | 0.4 | 0.3 | 5.4 | 15.4 | 32.1 | 21.5 | 20.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
Reserves ReservesCr | 103 | 105 | 112 | 123 | 179 | 196 | 198 | 231 | 440 | 1,692 | 1,880 |
| 62 | 46 | 20 | 73 | 13 | 10 | 72 | 140 | 270 | 244 | 175 | |
| 5 | 9 | 7 | 10 | 3 | 3 | 7 | 3 | 14 | 69 | 36 | |
| 177 | 167 | 146 | 218 | 214 | 223 | 369 | 474 | 751 | 2,049 | 2,160 | |
| 125 | 104 | 80 | 134 | 116 | 130 | 275 | 377 | 618 | 1,804 | 1,554 | |
| 52 | 63 | 66 | 85 | 98 | 93 | 94 | 97 | 132 | 245 | 606 | |
| 177 | 167 | 146 | 218 | 214 | 223 | 369 | 474 | 751 | 2,049 | 2,160 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
Reserves ReservesCr | 103 | 105 | 112 | 123 | 179 | 196 | 198 | 231 | 440 | 1,692 | 1,880 |
| 62 | 46 | 20 | 73 | 13 | 10 | 72 | 140 | 270 | 244 | 175 | |
| 5 | 9 | 7 | 10 | 3 | 3 | 7 | 3 | 14 | 69 | 36 | |
| 177 | 167 | 146 | 218 | 214 | 223 | 369 | 474 | 751 | 2,049 | 2,160 | |
| 125 | 104 | 80 | 134 | 116 | 130 | 275 | 377 | 618 | 1,804 | 1,554 | |
| 52 | 63 | 66 | 85 | 98 | 93 | 94 | 97 | 132 | 245 | 606 | |
| 177 | 167 | 146 | 218 | 214 | 223 | 369 | 474 | 751 | 2,049 | 2,160 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -20 | 54 | 2 | -49 | 62 | 6 | -44 | 116 | 13 | -146 | 245 | |
| -4 | -20 | -4 | 13 | -12 | -10 | -44 | -4 | -85 | -823 | -162 | |
| 20 | -3 | -32 | 5 | -12 | 9 | 88 | -22 | -3 | 1,007 | -78 | |
Net Cash Flow Net Cash FlowCr | -4 | 30 | -34 | -32 | 38 | 5 | 0 | 91 | -75 | 37 | 5 |
Free Cash Flow Free Cash FlowCr | -23 | 52 | -2 | -54 | 60 | 5 | -49 | 103 | -16 | -179 | |
CFO To PAT CFO To PAT% | -127.6 | 2,319.4 | 30.2 | -368.9 | 106.5 | 212.7 | -1,696.0 | 232.9 | 10.4 | -48.9 | 112.2 |
CFO To EBITDA CFO To EBITDA% | -96.2 | 3,290.8 | 19.1 | -294.7 | 99.5 | 79.9 | -968.8 | 160.3 | 7.4 | -39.2 | 98.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -20 | 54 | 2 | -49 | 62 | 6 | -44 | 116 | 13 | -146 | 245 | |
| -4 | -20 | -4 | 13 | -12 | -10 | -44 | -4 | -85 | -823 | -162 | |
| 20 | -3 | -32 | 5 | -12 | 9 | 88 | -22 | -3 | 1,007 | -78 | |
Net Cash Flow Net Cash FlowCr | -4 | 30 | -34 | -32 | 38 | 5 | 0 | 91 | -75 | 37 | 5 |
Free Cash Flow Free Cash FlowCr | -23 | 52 | -2 | -54 | 60 | 5 | -49 | 103 | -16 | -179 | |
CFO To PAT CFO To PAT% | -127.6 | 2,319.4 | 30.2 | -368.9 | 106.5 | 212.7 | -1,696.0 | 232.9 | 10.4 | -48.9 | 112.2 |
CFO To EBITDA CFO To EBITDA% | -96.2 | 3,290.8 | 19.1 | -294.7 | 99.5 | 79.9 | -968.8 | 160.3 | 7.4 | -39.2 | 98.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 436 | 568 | 513 | 569 | 176 | 619 | 1,628 | 2,605 | 8,027 | 13,339 | 11,538 | 15,099 |
Price To Earnings Price To Earnings | 28.6 | 262.9 | 71.5 | 42.7 | 3.0 | 199.5 | 819.0 | 60.9 | 62.8 | 47.6 | 59.6 | 83.5 |
Price To Sales Price To Sales | 5.5 | 10.8 | 8.3 | 6.2 | 1.2 | 11.3 | 23.3 | 11.9 | 18.3 | 13.7 | 16.8 | 22.5 |
Price To Book Price To Book | 3.9 | 5.0 | 4.3 | 4.4 | 0.9 | 3.0 | 7.9 | 10.9 | 17.9 | 7.8 | 6.1 | 8.0 |
EV To EBITDA EV To EBITDA | 20.9 | 329.5 | 42.9 | 35.5 | 2.4 | 78.6 | 341.4 | 33.7 | 43.6 | 34.9 | 45.3 | 66.8 |
GPM GPM% | 66.7 | 68.9 | 72.5 | 63.4 | 67.1 | 67.8 | 67.5 | 65.9 | 68.5 | 58.4 | 67.9 | 67.9 |
OPM OPM% | 26.6 | 3.1 | 18.4 | 18.1 | 42.0 | 13.5 | 6.5 | 33.2 | 41.1 | 38.4 | 36.0 | 33.0 |
NPM NPM% | 20.0 | 4.4 | 11.6 | 14.4 | 39.3 | 5.1 | 3.7 | 22.8 | 29.4 | 30.7 | 31.7 | 29.3 |
ROCE ROCE% | 14.7 | 3.4 | 8.9 | 9.7 | 31.8 | 2.6 | 2.2 | 30.9 | 41.5 | 23.4 | 16.1 | 16.1 |
ROE ROE% | 14.2 | 2.1 | 6.0 | 10.2 | 31.4 | 1.4 | 1.3 | 20.9 | 28.9 | 17.6 | 11.5 | 11.5 |
ROA ROA% | 8.9 | 1.4 | 4.9 | 6.1 | 27.4 | 1.2 | 0.7 | 10.6 | 17.3 | 14.6 | 10.1 | 10.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 436 | 568 | 513 | 569 | 176 | 619 | 1,628 | 2,605 | 8,027 | 13,339 | 11,538 | 15,099 |
Price To Earnings Price To Earnings | 28.6 | 262.9 | 71.5 | 42.7 | 3.0 | 199.5 | 819.0 | 60.9 | 62.8 | 47.6 | 59.6 | 83.5 |
Price To Sales Price To Sales | 5.5 | 10.8 | 8.3 | 6.2 | 1.2 | 11.3 | 23.3 | 11.9 | 18.3 | 13.7 | 16.8 | 22.5 |
Price To Book Price To Book | 3.9 | 5.0 | 4.3 | 4.4 | 0.9 | 3.0 | 7.9 | 10.9 | 17.9 | 7.8 | 6.1 | 8.0 |
EV To EBITDA EV To EBITDA | 20.9 | 329.5 | 42.9 | 35.5 | 2.4 | 78.6 | 341.4 | 33.7 | 43.6 | 34.9 | 45.3 | 66.8 |
GPM GPM% | 66.7 | 68.9 | 72.5 | 63.4 | 67.1 | 67.8 | 67.5 | 65.9 | 68.5 | 58.4 | 67.9 | 67.9 |
OPM OPM% | 26.6 | 3.1 | 18.4 | 18.1 | 42.0 | 13.5 | 6.5 | 33.2 | 41.1 | 38.4 | 36.0 | 33.0 |
NPM NPM% | 20.0 | 4.4 | 11.6 | 14.4 | 39.3 | 5.1 | 3.7 | 22.8 | 29.4 | 30.7 | 31.7 | 29.3 |
ROCE ROCE% | 14.7 | 3.4 | 8.9 | 9.7 | 31.8 | 2.6 | 2.2 | 30.9 | 41.5 | 23.4 | 16.1 | 16.1 |
ROE ROE% | 14.2 | 2.1 | 6.0 | 10.2 | 31.4 | 1.4 | 1.3 | 20.9 | 28.9 | 17.6 | 11.5 | 11.5 |
ROA ROA% | 8.9 | 1.4 | 4.9 | 6.1 | 27.4 | 1.2 | 0.7 | 10.6 | 17.3 | 14.6 | 10.1 | 10.1 |
Documents — Zen Technologies Ltd
Concall Transcript Summaries — Zen Technologies Ltd