792.2000 -13.95 (-1.73%)
NSE Aug 01, 2025 15:31 PM
Volume: 357.8K
 

HDFC Securities
Maintain BUY with a TP of Rs 300 based on 16x Dec-20 EPS. Zensar delivered robust revenue growth but margin performance was subdued. Revenue stood at USD 143.7mn (+4.0% QoQ, +4.5% CC) higher than our estimate of USD 141mn led by core business (+6.0% QoQ). Growth was led by sustained recovery in Cloud and Infrastructure Services (CIS) business (+16.9% QoQ, 17% of rev). EBITDA margin was below our estimate, contracted 204bps to 10.8% led by large deal transition impact, higher sub-con expenses and drop in utilisation.
Number of FII/FPI investors increased from 290 to 307 in Jun 2025 qtr.
More from Zensar Technologies Ltd.
Recommended