Shares of Zen Technologies were trading in the red on 26 October despite the company announcing that it secured an order for Rs 100 crore.

In its filing, the company said that the Ministry of Defence had awarded it an order to design, develop, and test a system for its state-of-the-art force-on-force tank training system for a total value of Rs 100 crore.

The company is optimistic about the potential transition to the Zen Armoured Combat Training System for its force-on-force training requirements.

In September, the company received an order from the Ministry of Defence for the supply of Anti-Drone Systems for an order value of Rs 227.65 crore. The order also entails a Comprehensive Maintenance Contract post-warranty for a total consideration of Rs 43.22 crore.

The company had also received another order from the Ministry of Defence for a total consideration of Rs 123.3 crore.

In the quarter ending on 30 June, the company reported a 532% YoY increase in its consolidated net profit at Rs 47.08 crore and a 257% YoY increase in its revenue from operations at Rs 132.45 crore.

At 10:31 am, the shares of Zen Technologies were trading 1.08% below at Rs 666.10 on NSE.