Item: Zensar Technologies Ltd.
Rating: 5
Author: Motilal Oswal

Revenue growth takes a pause

Buy: Zensar Technologies Ltd.

Target

Motilal Oswal

22 October 2019 2QFY20 revenue increased 12.8% YoY (v/s est. EBIT increased 6.2% YoY to INR1,115m (margin of 10.4%) v/s our expectation of 5.2% decline YoY. Despite higher operational income, PAT declined 16% YoY to INR799m (v/s est. of INR843m) led by higher interest expense at INR139m (v/s est. of INR39m) and lower other income at INR9m (v/s est. ZENT reported 15.8% QoQ drop in the CIS business, 7.7% drop in Retail vertical and 3.

Comment

Name	Companies Held
Hitesh Ramji Javeri	50
Mahendra Girdharilal	50
Sangeetha S	50
Dheeraj Kumar Lohia	45
Globe Capital Market Ltd	42

Name	Companies Held
Hdfc Trustee Company Limited	112
Reliance Capital Trustee C...	103
Birla Sun Life Trustee Com...	72
General Insurance Corporat...	60
President Of India	56

Name	Returns(%)
Name	Week	Month	Year
Quant Active Fund - Reg - G	1.08%	0.37%	19.56%
UTI - Equity Fund. - Reg - G	0.12%	5.34%	13.46%
HDFC Multi-Asset Fund - Reg - G	-1.48%	1.75%	11.02%
IDFC Focused Equity Fund - Reg - G	-0.70%	1.84%	9.57%
Canara Robeco Bluechip Equity Fund - Reg - G	-0.94%	4.19%	8.70%

Name	Returns(%)
Name	Week	Month	Year
DHFL Pramerica Midcap Opportunities Fund - Reg - G	-1.05%	0.04%	30.73%
DSP Small Cap Fund - Reg - G	1.61%	2.77%	19.83%
Union Small Cap Fund - Reg - G	-0.69%	-0.56%	18.00%
Kotak Small Cap Fund - Reg - G	0.17%	1.57%	15.08%
UTI - Mid Cap Fund - Reg - G	0.41%	0.70%	14.66%

Name	Returns(%)
Name	Week	Month	Year
Parag Parikh Long Term Equity Fund - Reg - G	-0.60%	0.90%	21.18%
DHFL Pramerica Diversified Equity Fund - Reg - G	-1.81%	1.75%	16.72%
Quant Mid Cap Fund - Reg - G	-0.02%	-0.85%	15.58%
Taurus Ethical Fund - Reg - G	-0.57%	1.74%	14.20%
Baroda Mid-cap Fund - Reg - G	0.51%	1.45%	13.19%

Zensar Technologies Ltd.

Revenue growth takes a pause

Now Trending