Z-Tech (India) Limited — Investor Meet, 17-02-2025: Analysts/Institutional Investor Meet/Con. Call Updates

**Financial Performance:** Z-Tech India Limited reported robust financials for Q3 FY '25, achieving net revenue of INR 24.14 crore, a substantial 52% increase year-on-year. EBITDA surged to INR 7.74 crore, nearly quadrupling from INR 2.38 crore in Q3 FY '24, reflecting a 224% rise. The profit after tax (PAT) soared by 440% to INR 5.75 crore, up from INR 1.06 crore, with basic EPS reaching INR 4.49. For the first nine months, revenue climbed to INR 60 crore, a 32% year-on-year increase.

**Future Outlook and Growth Drivers:** Management emphasized a strategic expansion into South India and diversification into new segments such as fast forward sports arenas and thematic parks. They expressed confidence in capitalizing on the growing demand for urban renewal and sustainable infrastructure projects.

**Order Book and Operational Updates:** The company reported a strong order book of INR 154 crore, underscoring a healthy pipeline of 49 ongoing projects and 23 upcoming theme parks. Notable recent projects include Shivalaya Park in Prayagraj, which has quickly become one of the top tourist destinations in the area.

**Analyst Q&A Insights:** Management fielded questions around margins, confirming that as more parks come online with revenue-sharing agreements, expected margins will improve. They also acknowledged operational challenges in the geotechnical and water segments, impacted by weather and regulatory issues. Nonetheless, a strong recovery is anticipated.

**Market or Regulatory Updates:** The favorable market backdrop includes growing urban renewal initiatives and increasing inquiries from government authorities for theme park projects.

**Strategic Focus Areas:** Z-Tech is focusing on innovative solutions in park development, wastewater management, and sustainable construction practices. The investment in R&D is paving the way for introducing new market-leading practices.

**Investor Insight:** Given the company's robust growth trajectory, expanding operational capabilities, and diversification into high-demand sectors, the current financial health suggests a bullish outlook for Z-Tech. Investors may consider a ‘buy’ stance based on the strong fundamentals and strategic initiatives underway.