Zen Technologies Ltd. shares dropped over 12% in early trading on Monday following a significant decline in its March quarter earnings, leading to negative investor sentiment. Brokerages expressed caution regarding the stock in the aftermath of the earnings report.
As of 9:36 AM, the stock was priced at ₹1,478.90, reaching a low of ₹1,466.10 compared to the previous close of ₹1,671.10.
The company reported a standalone net profit of ₹14.75 crore for the quarter ending March 2026, reflecting a year-on-year decrease of over 83% from ₹84.92 crore in the same quarter last year. Additionally, revenue from operations fell sharply by 75.5% to ₹71.90 crore, down from ₹293.49 crore in the previous year. This poor operational performance appears to have triggered the substantial sell-off of shares.
For the fiscal year 2026, profit after tax (PAT) totaled ₹145.85 crore, down from ₹262.95 crore in FY25, indicating ongoing pressure on earnings throughout the year. The company did not provide quarter-on-quarter comparisons in its financial update.
Despite the disappointing financial results, the board proposed a final dividend of ₹1 per share for FY26, indicating some confidence in cash flow sustainability.
In addition, the company announced the appointment of Dr. Sreenivas Rao Yellamanchali as Chief Technology Officer (CTO), effective May 6, 2026, as part of its efforts to strengthen leadership.
The article was published on May 4, 2026.
