India's Zen Technologies plunges on weaker Q3 order book, core profit margins

Zen Technologies

17/02/2025 06:06

** Shares of Zen Technologies  ZETE.NS  drop 20%, the lower
limit of exchange-allowed trading band, to 1,080 rupees
    ** Defence equipment maker bagged orders worth 16.9 mln
rupees in Q3FY25 vs 1.29 bln rupees worth orders in Q3FY24
    ** Its core profit margins narrowed to 35.9% in Q3 from
47.34% a year ago 
    ** Stock eyes worst day since March 2020 
    ** Over 1.3 mln shares traded, 2.1x the 30-day avg 
    ** ZETE down ~56% YTD 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))