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Stock Report
Zensar Technologies Ltd Q1FY21 consolidated net profit at Rs. 73.31 crore
Posted On : 2020-07-23 21:04:32( TIMEZONE : IST )
ZENSAR TECHNOLOGIES LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.1009.20 crores during the period ended June 30, 2020 as compared to Rs.1033.90 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.73.31 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.69.51 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.3.21 for the period ended June 30, 2020 as compared to Rs.3.04 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 1009.20 crs | ₹ 1033.90 crs |  -2.39% |
| Net Profit | ₹ 73.31 crs | ₹ 69.51 crs |  5.47% |
| EPS | ₹ 3.21 | ₹ 3.04 | 5.59% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.1009.20 crores during the period ended June 30, 2020 as compared to Rs.1085.65 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.73.31 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.74.51 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.3.21 for the period ended June 30, 2020 as compared to Rs.3.25 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 1009.20 crs | ₹ 1085.65 crs | -7.04% |
| Net Profit | ₹ 73.31 crs | ₹ 74.51 crs | -1.61% |
| EPS | ₹ 3.21 | ₹ 3.25 | -1.23% |
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies, said, "In Q1FY21, we have continued our focus to ensure wellness and safety of all our people and to support all our global clients in their Digital, Cloud and IT systems as the world deals with the pandemic. We have invested into launching several new propositions tailored to help our customers remain relevant during and post the pandemic period. Our Digital Foundation Services has performed very well, posting a QoQ growth of 7.6% and our hi-tech business grew by 2.9% QoQ."
"In Q1FY21 we won $150Mn TCV deals demonstrating the robustness of our new propositions aligned to Digital Foundation and Digital Applications. Our current pipeline is at $1.5Bn. Our global talent has been very productive, in the new 100% remote model working closely with our customers as they embark on transformation path to recovery and resilience," he further added.
Navneet Khandelwal, Chief Financial Officer, Zensar Technologies said, "In Q1FY21, we continued our cash management initiatives and our rigour on collections. This has resulted in an improvement on our cash conversion or DSO by 12 days sequentially and an increase in our net cash position by $41.3Mn sequentially. Our focus on operational efficiencies has resulted in an increase in EBITDA despite decline in revenues to 14.4%. Our PAT is at 7.4% of revenue which is an increase from 6.8% in Q4FY20."
Shares of ZENSAR TECHNOLOGIES LTD. was last trading in BSE at Rs.140.3 as compared to the previous close of Rs. 140.05. The total number of shares traded during the day was 57055 in over 1555 trades.
The stock hit an intraday high of Rs. 150 and intraday low of 137. The net turnover during the day was Rs. 8302205.
