Zensar Technologies Q2 Review: IDBI Capital Retains Positive Long-Term View But Maintains 'Hold' — Here's Why

Strategy centers on scaling AI talent, launching the ZenseAI platform, and embedding AI into core client solutions to drive productivity and innovation. The ZenseAI platform offers agentic AI capabilities, industryspecific agents for legacy modernization, fraud detection, automation, and real-time analytics..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.Zensar Technologies Ltd. delivered steady Q2 FY26 results, with revenue at $162.8 million, up 4.2% YoY, and maintaining mid-teen Ebitda margins despite annual wage hikes and one-time bonuses through operational efficiency gains and favorable forex. The banking, financial services, and healthcare segments showed growth, while the TMT vertical declined sharply due to reallocation of spending by technology customers. AI momentum accelerated, with 28% of order bookings backed by AI, and the ZenseAI platform gaining traction, particularly in legacy modernization and analytics. Management remains positive on pipeline conversion outside TMT and continues investing in AI skills and domain-specific solutions. Voluntary attrition stayed below 10% for the third consecutive quarter, and the company’s focus on offshore delivery and utilization supported margins amidst macroeconomic uncertainties. Overall, Zensar is executing a client-centric, AI-led growth strategy while tactically managing sectoral headwinds. We retain a positive long-term view but maintain a Hold , with a target price of Rs 894 (25.1x FY27E EPS)..Click on the attachment to read the full report:.Stay Neutral On BPCL Shares Maintains Motilal Oswal Post Strong Q2, Says Capex Cycle Clarity Key To Re-Rating.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Zensar Technologies Q2 Review: IDBI Capital Retains Positive Long-Term View But Maintains 'Hold' — Here's Why

Zensar is executing a client-centric, AI-led growth strategy while tactically managing sectoral headwinds.

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