Zen Technologies Limited (ZENTEC) announced its financial results for Q2 & H1FY27, marking a defining milestone in its growth trajectory. The company reported its highest-ever consolidated quarterly revenue of ₹345.13 crore, a growth of 98.8% year-on-year, at a healthy Operational EBITDA margin of 38.2%. The order inflow during the quarter was ₹481.81 crore, taking the consolidated order book to ₹1,375.70 crore as at 30 September 2026.

Consolidated Financial Highlights

The consolidated financial highlights for Q2FY27 and H1FY27 are as follows:

Q2FY27: Revenue ₹345.13 crore, PAT (adjusted for NCI) ₹89.54 crore, Operational EBITDA ₹131.99 crore

H1FY27: Revenue ₹486.77 crore, PAT (adjusted for NCI) ₹124.00 crore, Operational EBITDA ₹170.71 crore

Sustained Demand and Indigenisation

The Defence Acquisition Council recently accorded Acceptance of Necessity to capital acquisition proposals, with around 82% earmarked for sourcing from the domestic defence industry. As indigenisation becomes central to defence procurement in India, Zen’s ownership of its core technology positions it as a natural beneficiary of this shift.

Commenting on the results, Mr. Ashok Atluri, Chairman and Managing Director, said: “This quarter marks a defining milestone in Zen’s growth trajectory. The sustained demand across Zen’s product categories is underpinned by a supportive policy environment. With the sector moving decisively towards indigenisation, this ownership of our core technology places Zen in a strong position to capitalize on the opportunities ahead.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Zen Technologies Limited

Zen Technologies Limited belongs to the Industrials › Aerospace & Defense sector. Here’s a quick read on where the business and the stock stand today.

Zen moves sideways over three months, with neither buyers nor sellers taking control. Industry-leading margins of 26.8% reflect exceptional pricing power and operational efficiency. Revenue grows at 46.5% and profits at 65.4% CAGR. Both numbers are exceptional. The stock holds at 53% of its 52-week range with RSI at 50. In other words, neither side has a clear edge right now. Both the business and the stock move in the right direction. Revenue grows at 46.5%, profits at 65.4%, and the PEG sits at 1.26 — below its growth rate. That combination is rare. Check Fundamentals of Zen Technologies Limited.

Mangal Electrical Industries Limited (MEIL) today reported its unaudited financial results for the quarter and half year ended September 30th, 2026. The company witnessed a robust financial performance with a 30% increase in revenue and an improved PAT margin for Q2 FY27.

Financial Performance Snapshot

The company’s revenue from operations for Q2 FY27 was ₹168.6 Cr, up from ₹125.8 Cr in Q1 FY27 and ₹154.3 Cr in Q2 FY26. The EBITDA margin also improved to 9.2% from 8.8% in the previous quarter. The PAT margin stood at 6.5%, up from 6.0% in Q1 FY27.

Volume Growth and Market Stabilization

Commenting on the performance, Mr. Rahul Mangal (Managing Director) stated: “Q2 FY27 witnessed strong volume momentum in our CRGO business, with volumes growing 63% YoY, while sequential improvement in realizations provides early signs of market stabilization.”

Future Outlook

The company plans to ramp up capacity utilization to support sustained 25-30% annual volume growth over the next three years. Additionally, MEIL is setting up a radiator manufacturing facility by H1 FY28, involving a capex of ~₹25 Crs. The company is also exploring international markets to expand its export operations.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mangal Electrical Industries Limited

Mangal Electrical Industries Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Mangal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 7.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 17.8% and profits at 20.4% CAGR. That is strong double-digit growth on both counts. The stock gains 4.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 17.8% and profits at 20.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 5.9% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Mangal Electrical Industries Limited.

Atlanta Electricals Limited (NSE: ATLANTAELE), among India’s leading transformer manufacturers, today announced its unaudited consolidated financial results for the quarter ended 30th September 2026. The company reported a robust performance with 23.1% revenue growth and 28.0% PAT growth in Q2 FY27 despite facing near-term operational headwinds.

Performance Overview

Revenue from operations for Q2 FY27 grew 23.1% year-on-year to ₹390.1 crore, compared to ₹317.0 crore in Q2 FY26, driven by continued demand across transmission & distribution, renewable energy and industrial applications. EBITDA for Q2 FY27 increased 8.8% to ₹59.6 crore, with an EBITDA margin of 15.3%, reflecting a contraction of 201 bps year-on-year. Profitability was impacted by elevated commodity prices, particularly on certain firm-price contracts, coupled with temporary production and dispatch disruptions. PAT grew 28.0% to ₹32.1 crore.

H1 FY27 Performance

For H1 FY27, revenue from operations grew 35.5% year-on-year to ₹856.4 crore, EBITDA increased 32.0% to ₹136.7 crore, and PAT rising 40.4% to ₹79.0 crore, reflecting continued business momentum despite near-term operating challenges.

Key Business Updates

The Company’s order book stood at ₹3,196.97 crore as of 30th September 2026, supported by a healthy enquiry pipeline of ₹19,464 crore. During Q2 FY27, the Company also secured a ₹193.92 crore Letter of Intent from APTRANSCO for the supply of 12 units of 160 MVA, 220/132 kV Auto Transformers, strengthening its position in the high-capacity transformer segment.

The Company expects to complete the remaining deliveries during Q3 FY27. Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said, ‘We have delivered a resilient performance during Q2 FY27 despite a challenging operating environment. With operations having normalized and customer dispatches resuming, we expect execution momentum to improve in the second half of the financial year.’

With a robust order pipeline and expanding manufacturing capabilities, Atlanta Electricals Limited remains well-positioned to capitalize on these opportunities and deliver sustainable long-term growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Atlanta Electricals Limited

Atlanta Electricals Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Atlanta holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue grows at 28.1% and profits at 32.1% CAGR. Both numbers are exceptional. The PEG of 0.92 signals undervaluation relative to growth. It is a potential re-rating candidate. The stock gains 2.4% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Both the business and the stock move in the right direction. Revenue grows at 28.1%, profits at 32.1%, and the PEG sits at 0.92 — below its growth rate. That combination is rare. Check Fundamentals of Atlanta Electricals Limited.