Zen Technologies shares plunged more than 12 per cent in early trade on Monday after the company reported a sharp deterioration in its March quarter earnings, with both profit and revenue witnessing steep y-o-y declines, weighing heavily on investor sentiment. Brokerages remained cautious on the stock following the earnings announcement.
At around 9.36 am, the stock traded at ₹1,478.90, hitting a low of ₹1,466.10 from the previous close of ₹1,671.10.
The company posted a standalone net profit of ₹14.75 crore for the quarter ended March 2026, marking a decline of over 83 per cent y-o-y from ₹84.92 crore reported in the corresponding quarter last year. Revenue from operations also dropped significantly by 75.5 per cent to ₹71.90 crore, compared to ₹293.49 crore in the year-ago period. The weak operational performance appears to have triggered the sharp sell-off in the stock.
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. The company did not provide q-o-q comparisons in the update.
Despite the subdued financial performance, the board recommended a final dividend of ₹1 per share for FY26, signalling some confidence in cash flows.
Additionally, the company approved the appointment of Dr. Sreenivas Rao Yellamanchali as Chief Technology Officer (CTO), effective May 06, 2026, as part of its leadership strengthening efforts.