Shares of Zen Technologies were trading 2% higher on 31 August after the company announced securing a Rs 72.29 crore order from the Defence Ministry.

Chairman and Managing Director of Zen Technologies, Ashok Atluri, said that this contract brings the company one step closer towards implementing the Framework on Simulators that the Government released in September 2021.

The company is a provider of military training and anti-drone solutions.

The company’s quarterly report for the April-June quarter saw a significant jump of 532% in its net profit to Rs 47.08 crore against Rs 7.4 crore reported in the year-ago quarter.

The company’s revenue from operation saw a 257% YoY increase to Rs 132.45 crore against Rs 37.07 crore reported in the same quarter last year.

In six months, the stock has gained almost 212% and 296% in the last year.

At 3:00 pm, the shares of Zen Technologies were trading at Rs 825 or 1.51% above its previous close on NSE.