Zensar Tech PAT improves 23 per cent sequentially

Zensar Technologies reported results for the quarter ended March 31, 2018.

The company's consolidated revenue for the quarter came in at Rs. 814.73 crore, registering 2.6 per cent qoq increase. Increase in revenue from Application Management Services segment by 6.4 per cent qoq was offset by decline in revenue from Infrastructure Management Services segment by 11.8 per cent qoq.

EBITDA for the quarter stood at Rs. 96.2 crore, registering 8.8 per cent qoq decline. EBITDA margin for the quarter stood at 11.8 per cent. Decline in operating profit was mainly due to jump in subcontracting costs by around 31.5 per cent qoq.

The PAT for the quarter came in at Rs. 74.05 crore, qoq increase of 23.1 per cent. This was partly due to decline in effective tax rate to 29 per cent in Q4FY18 vs 33 per cent in Q4FY17.

Digital Services segment contributed 40.6 per cent to Q4FY18 and 38.2 per cent to full FY18 revenue.

The company's board of directors recommended a final dividend of Rs. 7 per equity share and a stock split of each equity share of face value Rs. 10 into 5 equity shares of face value Rs .2 each.

Zensar Technologies is a leading digital solutions and technology services company. The company specialises in providing digital transformation solution across industries. It has a global customer base which it serves through operations in 29 international locations.

On Wednesday, the stock opened at Rs. 1159.80 per share and made 52-week high of Rs. 1180, on the BSE.