Zen Technologies shares plunged more than 12% in early trade on Monday following the company's disappointing March quarter earnings announcement. According to reports from The Hindu BusinessLine, the stock traded at ₹1,478.90 around 9:36 am, hitting a low of ₹1,466.10 from the previous close of ₹1,671.10. The sharp sell-off was triggered by the company's weak operational performance that weighed heavily on investor sentiment.
The company posted a standalone net profit of ₹14.75 crore for the quarter ended March 2026, marking a decline of over 83% year-on-year from ₹84.92 crore reported in the corresponding quarter last year. As reported by The Hindu BusinessLine, revenue from operations also dropped significantly by 75.5% to ₹71.90 crore, compared to ₹293.49 crore in the year-ago period. On a full-year basis, profit after tax (PAT) for FY26 stood at ₹145.85 crore, down from ₹262.95 crore in FY25, indicating sustained pressure on earnings over the year.
Despite the subdued financial performance, the board recommended a final dividend of ₹1 per share for FY26, signalling some confidence in cash flows. According to The Hindu BusinessLine, the company also approved the appointment of Dr. Sreenivas Rao Yellamanchali as Chief Technology Officer (CTO), effective May 06, 2026, as part of its leadership strengthening efforts. The company did not provide quarter-on-quarter comparisons in the earnings update.
