Z-Tech Q1 FY27: Strong start as parks annuity model scales and core infra accelerates

For Q1 FY27, the company reported total income of 31.19 crore, EBITDA (excluding other income) of 6.65 crore, and PAT of 4.05 crore. Revenue from operations was stated at 29.14 crore in the earnings call.

The FY25 consolidated revenue breakup disclosed in the presentation was Specialized Park Development 77.74%, Civil Engineering 17.05%, and Waste Water 5.21%.

Management guided that it is reasonably sure to reach about 25 to 30 operational parks by the end of FY27 (end of March).

Management stated a target of around 40 crore from park operations revenue in FY27, compared with around 8 crore in the previous year.

Management stated total revenue expectation of around 250 crore across all businesses for FY27, including around 75 crore from geotech and water together, with the balance from parks.

Management highlighted that park opening can be delayed due to government inauguration scheduling and that some awarded parks can face land-related issues, including land title clarity within government bodies.

The presentation mentions a CRM software platform for park operations, an online ticketing platform under testing targeted for deployment in September, and a Zying Parks app in development.