ZENT's 3.4% QoQ growth was above our estimate of +1.5%. Strong growth despite seasonal weakness was led by 9% QoQ growth in Digital, which now constitutes 39% of total revenue. Gross/EBITDA margin expansion of 130/170bp was mainly driven by higher growth from Digital and efficiencies led by internal deployment of its Return on Digital proposition. PAT of INR574m (-5.7% QoQ) bettered our estimate of INR549m (-9.7% QoQ), led by the overall operational beat. Besides revenue growth,validation of ZENT's reformed offerings comes from its USD100m TCV deal wins, most of which are in Digital. It has also infused these offerings in its top customer, making the otherwise traditional IT support account more balanced. Vinci, its autonomics offering in Infrastructure, is running pilots with multiple customers, which are likely to convert into deals over coming quarters, propelling the services business in IM, which grew 7.5% QoQ in 3Q.