Zensar Technologies - Q1FY14 Result Update - Nirmal Bang

- Zensar reported Q1FY14 numbers in line with expectations
- Revenues grew 4.4% QoQ at Rs.531.3 crore
- EBIDTA margins grew 80 bps QoQ despite higher other exps
- Co made forex gain of Rs.28 crore for the quarter
- Adj PAT grew by 7% QoQ at Rs. 48 crore
- Stock is available at 5.7x its annualized earnings of FY14E and we continue to have a BUY rating on the stock

Source : Equity Bulls

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