The company’s revenue from operations in Q4FY26 fell 45% to Rs 178.7 crore, versus Rs 325 crore in the corresponding quarter of the previous financial year.
In a note on the revenue figures, Zen said the numbers reported for the March quarter (Q4FY26) are derived as balancing figures. This means they are calculated as the difference between the audited full-year financials for FY26 (ending March 31, 2026) and the unaudited year-to-date financials up to December 31, 2025 (Q3FY26), which had undergone a limited review.
The bottom line fell 42% sequentially, compared with Rs 55 crore posted in Q3FY26, while the topline rose 2.4% from Rs 177.82 crore in the October–December quarter of FY26.
Also read: Jindal Steel Q4 results: Co swings to profit of Rs 1,045 crore vs YoY loss on 23% revenue surge
The defence sector company, which offers anti-drone solutions, declared a final dividend of Re 1 per share for FY26.
The company incurred expenses of Rs 135 crore in the quarter under review, up from Rs 120 crore in Q3FY26 but lower than Rs 196 crore in Q4FY25. Expenses were primarily on cost of materials consumed, manufacturing, employee benefits, and finance costs.The new labour codes resulted in a one-time increase in gratuity liability of Rs 1.24 crore, which was recognised as an employee benefit expense in the quarter ended December 31, 2025, and the year ended March 31, 2026.
The company earned Rs 23 crore in other income, up from Rs 15.62 crore in Q3FY26 but down from Rs 25 crore in the year-ago period.
In its exchange filing, the company said the value of orders on hand for the group stood at Rs 1,336 crore as of March 31, 2026.
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