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.
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