Zen Technologies shares drop 9% after Q1 earnings miss
after close1 source ↓written by the desknot a recommendation
- to a low
- 9%
- following a disappointing
- ₹1,613.60
- in net profit
- 28% drop
- net profit
- ₹34 cr
- in revenue
- 10.5% decline
Zen Technologies shares fell 9% to a low of ₹1,613.60 following a disappointing Q1 FY27 earnings report. The company reported a 28% drop in net profit to ₹34 cr and a 10.5% decline in revenue to ₹142 cr. Operating profit also fell 40%, raising concerns among investors about rising costs and shrinking margins.
The company attributed the weak performance to the early execution stage of a large order backlog, with expectations for improved revenue in the upcoming quarters.
Not investment advice. For informational purposes only.