Zen Technologies Q1 FY27: Revenue 141.6 Cr, PAT 34.5 Cr

Key updates across two listed technology names

Zen Technologies Ltd (BOM:533339) reported its consolidated performance for Q1 FY27, with revenue, margins, and working capital trends pointing to a softer start to the fiscal year. The company said the quarter’s revenue outcome was in line with expectations and that delivery schedules were maintained. Separately, Zensar Technologies informed stock exchanges about the schedule for its board meeting to approve Q1 FY27 results and the subsequent earnings conference call.

Zen Technologies Q1 FY27 revenue falls versus Q4 FY26 and Q1 FY26

Zen Technologies posted consolidated revenue of Rs 141.6 crore in Q1 FY27. This compares with Rs 178.1 crore in Q4 FY26 and Rs 158.2 crore in Q1 FY26. The company’s update described the period as a challenging start to the fiscal year, with revenue lower both sequentially and year on year.

EBITDA margin compresses on operating leverage and fixed costs

Operational EBITDA for Q1 FY27 came in at Rs 38.7 crore, translating into an EBITDA margin of 27.3%. The margin was 28.6% in Q4 FY26 and 40.9% in Q1 FY26, indicating a sharp year-on-year decline. Zen Technologies attributed the compression to negative operating leverage and fixed cost absorption during the quarter.

PAT rises sequentially but is lower year on year

Profit after tax (PAT) stood at Rs 34.5 crore in Q1 FY27, with a PAT margin of 24.3%. This compares with Rs 31.5 crore in Q4 FY26 and Rs 47.8 crore in Q1 FY26. The sequential increase in PAT came alongside lower revenue, while the year-on-year comparison reflects a weaker profit base versus the same quarter last year.

One-off exceptional loss linked to a fire incident

The quarter included a one-off exceptional loss of Rs 3.4 crore due to a fire incident, which affected reported profitability. The company also disclosed adjusted PAT of approximately Rs 37 crore, implying an adjusted PAT margin of 26.1%, after excluding the one-off loss. These figures indicate that the exceptional item had a visible impact on the reported PAT for the quarter.

Gross margin holds steady at 72.9%

Zen Technologies reported a gross margin of 72.9% for Q1 FY27. The company indicated the gross margin was consistent both sequentially and year on year. This stability in gross margin contrasts with the decline in EBITDA margin, underscoring the role of operating leverage and fixed costs rather than a deterioration in gross profitability.

Order book and balance sheet snapshot

As of June 30, 2026, Zen Technologies disclosed an order book of Rs 1,239 crore. This includes an equipment order book of Rs 920.6 crore and an AMC order book of Rs 318.4 crore. The company reported cash and bank balances of approximately Rs 1,217 crore and stated that the group remains debt-free.

Working capital cycle extends to 257 days

The company’s working capital cycle increased to 257 days as of June 30, 2026. Zen Technologies linked the rise to a build-up in advances to suppliers and inventory. Debtor days were stable at 122 days, suggesting collections did not materially worsen even as overall working capital days increased.

Summary table: Zen Technologies quarterly metrics

Zensar Technologies: board meeting and earnings call schedule

Zensar Technologies announced that its Board of Directors meeting is scheduled for Wednesday, July 29, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. It also scheduled its Q1 FY27 earnings conference call for Thursday, July 30, 2026, at 8:30 AM IST, to discuss the board-approved results with investors and analysts. The company notified BSE Limited and the National Stock Exchange of India Limited via a letter dated July 27, 2026, and stated that the notice was an informational update on when management commentary would be available.

Access details shared for the Zensar earnings call

Market impact and what investors can track next

For Zen Technologies, the quarter’s reported numbers highlight lower revenue versus the immediately preceding and year-ago quarters, alongside a decline in EBITDA margin and a higher working capital cycle. The disclosed order book, cash balance, and debt-free status provide additional context for how the company is positioned as of June 30, 2026. For Zensar, the key near-term milestone is the board meeting outcome on July 29, 2026, followed by management commentary on the July 30, 2026 earnings call.

Conclusion

Zen Technologies began FY27 with weaker revenue and profitability margins, partly impacted by operating leverage and a one-off fire-related loss, while maintaining a sizeable reported order book and a debt-free balance sheet. Zensar’s update, meanwhile, sets the timeline for when its Q1 FY27 financial results and management commentary will be released and discussed with the market.