Defence Ancillary, Zen Technologies posted 223% rise in revenue at Rs.16.26 crore for the third quarter ended 31st December, 2022.

The operating profit stood at Rs.1.94 crore.

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said,"I am pleased to share an update on our performance in Q3FY23. Continuing on the strong start to the year, we have further gained momentum in Q3FY23, where both of our business verticals, AMC and Equipment , have reported positive growth.On the order book front, we expect a few major order wins coming our way on the back of our aggressive participation in various defence events. Furthermore, we expect a few more big order wins from aggressive purchase being made by Government India .In order to capitalize on this burgeoning opportunity, we are broadening our capabilities and adding professional bandwidth to the team across functions. Our demonstration center at Abu Dhabi is progressing as per plans and will be operational soon."