After the aerospace company Zen Tech reported a consolidated net profit of Rs 9.44 crore in the Oct-Dec quarter of FY23 against a net loss of Rs 0.18 crore in the Oct-Dec quarter of FY22, Zen Technologies advanced 2.97% to Rs 197.90.

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Revenue from operations zoomed 222.8% to Rs 52.49 crore in the Oct-Dec quarter of FY23 as against Rs 16.26 crore posted in the Oct-Dec quarter of FY22.

The company reported profit before exceptional items and tax of Rs 15.01 crore in the Oct-Dec quarter of FY23 compared to Rs 0.30 crore in the Oct-Dec quarter of  FY22. The company has an exceptional loss of Rs 2 crore in the Oct-Dec quarter of FY23.

In the third quarter of FY23, total expenses surged 132.16% YoY to Rs 39.42 crore. The cost of materials consumed was Rs 29.82 crore (up 263.6% YoY), while employee benefits expense stood at Rs 8.07 crore (up 51.04% YoY).

To engage in the design, development and manufacture of Training Simulators for Police Forces, Paramilitary Forces, and Security Forces named Transport, Mining, Infrastructure, and Civilian market with Government Departments.