Zensar Q1 profit up 74% at Rs 82 crore

Pune: RPG Group IT firm Zensar Technologies NSE 4.01 % reported a profit after tax of Rs 82.2cr for the quarter ended 30th June, 2018, up 74.1% over the corresponding quarter last year. Revenues for the period were Rs 904.7cr, up 22.8%. In dollar terms, profit was $12.3 and revenues at $135mn, up 67.5% and 18.1% respectively. Digital revenue has gone up 12.8% sequentially from 40.6% of revenue in Q4 FY18 to 43.0% of Q1 FY19 revenue.

Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “The company has reported a stellar industry- leading Y-on-Y revenue growth of 18.1% in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital strategy. With the acquisition of Indigo Slate, a US based digital customer marketing, experience agency we expect the growth momentum to continue. We also continued to book new business backed by large deals resulting in a comprehensive and impressive performance.”

The company launched its first customer delivery center in Research Triangle Park (RTP), North America and its second Zenlabs at Hyderabad, India during the quarter.

Navneet Khandelwal, Chief Financial Officer, Zensar Technologies said, “All the core businesses of Zensar have shown good growth in constant currency terms. This is reflected in Y-o-Y PAT growth at 67.5% in this quarter highlighting efficient cost management and increased contribution from ZenROD solutions. We have improved profitability with sustained growth both in our Digital and legacy businesses.”