Zen Technologies Stock Price: February 17 was a very bad day for shares of aerospace and defense sector company Jane Technologies. The stock fell by 20 percent on BSE and a lower circuit at Rs 1079.35. The company’s market cap has fallen to Rs 9700 crore. The company’s October-December 2024 quarterly results are due to heavy selling. The company’s net profit on the standalone basis during the quarter stood at Rs 38.62 crore. This is about 22 percent more than the profit of Rs 31.67 crore a year ago. However, the profit declined by about 41 percent over the July-September 2024 quarter.
The total standalone revenue of Gen Technologies increased by about 60 percent to Rs 163.48 crore in the December 2024 quarter. At the same time, it was 34.6 percent less on a quarterly basis. Ebitda rose 21 percent from a year ago to Rs 58.69 crore from 33 percent to Rs 58.69 crore from the September quarter.
The Ebitda margin was 35.90 percent in the December 2024 quarter, which was 35.12 percent in the September 2024 quarter and 47.34 percent in the December 2023 quarter. By the end of the December 2024 quarter, the company’s order book was Rs 816.91 crore.
Zen Technologies 30 percent in a week
According to BSE data, the stock of Jane Technologies has come down more than 30 percent in just a week. It has become 50 percent cheaper within 1 month. The company had a 49.05 percent stake in the company till the end of December 2024.
Purchased stake in these companies
Gen Technologies have also told the stock markets that it has made a strategic investment in two companies Vector Teenx Private Limited and Bhairav Robotics Private Limited. Jane now holds 51 percent in Vector Teenx and 45.33 percent in Bhairav robotics. Apart from this, Gen Technologies have purchased 100 percent stake in Applied Research International Private Limited (ARIPL) and ARI Labs Private Limited (ALPL). This acquisition has been done for Rs 130 crore.
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