Zen Technologies Ltd.'s net profit in the first quarter of this financial year fell 38% to Rs 47.75 crore.The defence company had recorded a net profit of Rs 76.81 crore in the same quarter of the previous fiscal, according to its stock exchange notification on Saturday.Revenue decreased 37.9% year-on-year for the three months ended June, reaching Rs 158.22 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, fell 42% year-on-year to Rs 64.70 crore. The Ebitda margin contracted 208 basis points to 40.9%.Defence training and anti-drone solutions provider in June had announced the acquisition of a majority stake in TISA Aerospace Pvt Ltd, a defence technology company specialising in indigenously developed loitering munitions and unmanned aerial vehicles.Zen Technologies CEO and MD Ashok Atluri expects margins to rise upto 35% in the near future, and sees working capital coming down to 120 days.Q1 Result Updates: Lodha Profit Rises 42%; Zen Technologies Revenue Falls 38%Additionally in May, Zen Technologies bagged an order worth Rs 152 crore from the Ministry of Defence for supply of integrated air defence combat simulator for the L70 gun.The IADCS is a virtual simulation system developed to provide training for air defence operations. The combat simulator developed under Zen's internal research and development shows the company's "commitment to build proprietary technologies and intellectual property with strategic value to the armed forces", it said.The quarterly results were declared on Saturday. The stock settled 04.66% lower at Rs 1,779.60 apiece on the NSE, compared to a 0.90% decline in the benchmark Nifty 50. Zen Technologies shares have risen 21.93% in the last 12 months and fallen 27.23% year-to-date.Waaree Energies Q1 FY26 Results On July 28 — Check Key Details Here. Read more on Earnings by NDTV Profit.