According to the annual results, net sales increased by 300 per cent to Rs 27 crore, operating profit increased by 233 per cent to Rs 4 crore and net profit increased by 900 per cent to Rs 24 crore in FY23 compared to FY22. In the previous financial year 22-23, the company announced a dividend of Rs 2 per share having a face value of Rs 10 each.

Earlier, the company announced quarterly results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore, the operating profit increased by 89 per cent to Rs 2.57 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23.

According to the consolidated annual results, the company reported net sales of Rs 65.99 crore, operating profit of Rs 3.40 crore, PBT of Rs 2.90 and PAT of Rs 2.17 crore in FY23. The company's share capital was split from 10 shares with a face value of Rs 10 each to 10 shares with a face value of Rs 1 each. The stock split took effect on April 25, 2023.

Previously, the company received multiple orders worth Rs 702 crore from domestic and international clients. In Q1FY24 ended June 2023, Mukul Agarwal, an ace investor brought 57,758 shares or 1.34 per cent stake in Zen Technologies

On Thursday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 358.90 and traded on its new 52-week high of Rs 358.90.

With a market capitalization of just Rs 120 crore, the shares of the company have generated an impressive return of 58 per cent in just one week

Additionally, the company announced stellar quarterly results. The total revenue stood at Rs 16.14 crore, up 53.3 per cent, EBITDA stood at Rs 0.80 crore, up 166.7 per cent and Profit After Tax (PAT) stood at Rs 0.51 crore, up 61.3 per cent in Q1FY24 compared to Q1FY23.

The stock has generated an impressive return of 80 per cent in the last three months

According to the half-yearly results, the net sales increased by 6.40 per cent to Rs 133 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY23 compared to H2FY22. In FY23, the net sales increased by 38 per cent to Rs 247 crore and net profit increased by 100 per cent to Rs 10 crore compared to FY22.

On Thursday, Indian equity markets ended on a negative note