Zentech Technology Q2 Result: Year-on-Year Growth Amidst Quarterly Decline
NSE: ZENTEC: Rs.1,865.00
Zen Technologies Ltd. Consolidated Financials
| Particulars | Sep 2024 | Jun 2024 | Sep 2023 |
|---|---|---|---|
| Revenue | 24,184.37 lakhs | 25,461.57 lakhs | 6,650.10 lakhs |
| Other Income | 847.09 lakhs | 310.97 lakhs | 534.38 lakhs |
| Net Profit | 6,343.57 lakhs | 7,948.57 lakhs | 1,363.36 lakhs |
| EPS (Basic) | 7.26 | 9.19 | 1.83 |
Key Observations:
- Revenue declined by 5.01% compared to the previous quarter (Jun ’24) but grew significantly by 264.74% compared to the same quarter last year (Sep ’23). This indicates strong year-on-year growth but a potential slowdown in recent months.
- Other Income showed a significant increase compared to both the previous quarter and the same quarter last year.
- Net Profit also declined compared to the previous quarter but recorded substantial growth compared to the same quarter last year.
- EPS (Basic) followed a similar trend, reflecting the changes in net profit.
- The value of the orders on hand as at September 30, 2024, is about – Rs.956.74 Crores.
Overall, Zen Technologies Ltd.’s consolidated financials demonstrate impressive year-on-year growth, particularly in revenue and profitability. However, the quarter-on-quarter decline in revenue and profit suggests potential softening in business momentum.