Z-Tech (India) Ltd (NSE:ZTECH)
₹ 494.4 -8.2 (-1.63%) Market Cap: 7.08 Bil Enterprise Value: 7.71 Bil PE Ratio: 26.94 PB Ratio: 3.23 GF Score: 48/100

Q2 2026 Z-Tech (India) Ltd Earnings Call Transcript

Nov 11, 2025 / 09:30 AM GMT
Release Date Price: ₹558.9 (-0.83%)

Key Points

Positve
  • Z-Tech (India) Ltd (NSE:ZTECH) reported a significant growth in total income, with an 81% year-over-year increase in Q2 FY26.
  • The company achieved a 100% growth in profit after tax in Q2 FY26 compared to the same period last year.
  • Z-Tech (India) Ltd (NSE:ZTECH) has a healthy balance sheet with prudent leverage and well-managed working capital.
  • The company is expanding its geographical footprint beyond North India into Maharashtra, Gujarat, and Bihar, reducing regional risk.
  • Z-Tech (India) Ltd (NSE:ZTECH) is exploring inorganic growth opportunities, including potential acquisitions to enhance its capabilities in water body rejuvenation and environmental sustainability.
Negative
  • The company faced delays in park openings due to external factors such as government approvals and weather conditions, impacting revenue from ticketing and other streams.
  • There is an elevated working capital cycle due to the push for constructing multiple parks simultaneously, which may strain liquidity in the short term.
  • The margins for the park business have fluctuated, with a decrease observed in recent quarters due to the timing of park openings and initial operational costs.
  • Z-Tech (India) Ltd (NSE:ZTECH) has experienced a reduction in promoter equity from 60.75% to 53.18% over nine months, raising questions about shareholder confidence.
  • The company is still in the development phase for many of its parks, which means that significant revenue contributions from these projects are not expected until FY27.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ZTEC.NS - Z-Tech (India) Ltd
Q2 2026 Z-Tech (India) Ltd Earnings Call
Nov 11, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Zech India Limited Q2H1 FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference call is being recorded.

I now hand the conference over to Miss Sanga Mitra Gorgohen, managing director for Zech India Limited.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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