Zensar Technologies Ltd Q1 net down 16% to Rs.7.48 Crores, stock down 4%

Zensar Technologies Ltd has announced the unaudited financial results for the Quarter ending June 30, 2007. The company has announced a decrease in net profit by 16% compared to the same quarter last year.

The company reported total income of Rs.795.8 Million in the Quarter ending June 30, 2007 compared to Rs.795.8 Million in the quarter ending June 30, 2006.

The Net Profit of the company decreased to Rs.74.8 Million compared to Rs.89.1 Million during Q1 2006-2007. The Earnings Per Share (EPS) stood at Rs.3.13 in Q1 2007-2008 compared to Rs.3.79 in Q1 2006-2007.

During the quarter ended June 30, 2007 the Company formed a new joint venture in Japan named Zensar Advanced Technologies Ltd.

The stock closed the day at Rs.330, down by Rs.13.50 or 3.93%. The stock hit an intraday high of Rs.354.80 and low of Rs.326. The total traded quantity was 102207 compared to 2 week average of 104283.

Source : Equity Bulls

Keywords