Zensar Technologies Says To Maintain Earnings Growth Momentum
The company will continue to invest in the digital segment, resulting in margin expansion.
Zensar Technologies Ltd. expects to maintain business growth momentum in the coming quarters.
The Pune-headquartered technology company reported 23 percent profit growth in the March quarter as it reinforced its alignment to a digital-led transformation.
“Digital business grew 35 percent year-on-year and will continue to grow to the north of 20 percent,” Sandeep Kishore, managing director of the company, told BloombergQuint in a post-earnings interaction. Going ahead, the company will continue to invest in the digital segment, resulting in margin expansion, he said.
Key Financial Highlights (QoQ):
- Net profit up 23 percent to Rs 72.7 crore.
- Revenue up 2.6 percent to Rs 814.7 crore.
- Earnings before interest tax up 8 percent to Rs 82.36 crore.
- EBIT Margin contracted 120 basis points to 10.1 percent.
Shares of the company were trading 1.3 percent higher at Rs 1,163 on the NSE at 1.24 p.m.
Watch the full conversation here: