Zensar Technologies - 4QFY13 Result Update - Nirmal Bang

- Zensar reported Q4FY13 numbers below our expectations

- Revenues declined 3.2% QoQ on the back lower product sales.

- EBIDTA margins remained flat QoQ at 13.1% due to some setup costs for large deals which are to begin in Q1FY14.

- Company has given a guidance of 4-6% QoQ growth for Q1FY14

- At CMP, the stock is trading at a 4.6x its expected FY14E earnings. We will come out with detailed note and view post scheduled concall today.

Source : Equity Bulls

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