Zen Technologies shares tumbled 8.7% to ₹1,613.60 on the National Stock Exchange following the release of disappointing first-quarter financial results.
The defense electronics manufacturer reported a 39.9% year-on-year decline in consolidated profit after tax (PAT) for the June quarter, signaling a significant slowdown in profitability.
3% after reporting steep profit declines, highlighting broader sensitivity to earnings misses in the sector.
Revenue also came under pressure, falling 10.4% compared to the same period last year.
The dual contraction in top-line growth and bottom-line earnings has raised concerns among investors about the company’s near-term execution capabilities and margin sustainability in a competitive defense procurement environment.
The sell-off mirrors recent volatility in other Indian industrial stocks facing earnings headwinds.
Similar sharp declines were seen in CEAT shares, which dropped 9.3% after reporting steep profit declines, highlighting broader sensitivity to earnings misses in the sector.