Hyderabad-based Zen Technologies is targetting revenue growth of over ₹900 crore with an EBITDA (earnings before interest, tax, depreciation, and amortisation) margin of 35% in the financial year 2025.

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Ashok Atluri, Chairman and Managing Director of the defence solutions provider, discussed with CNBC-TV18 the robust order book and the way forward.

The company has bagged a ₹42 crore export order for advanced defence simulators. Atluri expects to execute the order in the next 18 months.

In October, it received an order worth ₹100 crore from the Ministry of Defence for its advanced tank training system.

As per Atluri, the company's updated order book position stands at around ₹1,500 crore, with exports contributing over ₹400 crore. Most of the domestic orders are from the Indian government.

For FY24, the company maintains a revenue guidance of ₹450 crore. Revenue for the first half of the year was ₹198 crore.

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The company anticipates incremental orders worth ₹400-500 crore in the second half of FY24.

Zen Technologies has a market capitalisation of ₹6,071 crore and its key competitors include BAE Systems Plc, Rheinmetall AG, Hindustan Aeronautics Ltd, and Cubic Corp.

Zen has over three decades of expertise in delivering cutting-edge military training and anti-drone solutions.

Shares of the company have gained close to 7% in the last month versus around 1% rise in the benchmark Nifty 50.

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