ZENSARTECH · Information Technology
Zensar Technolgies Ltd. reported revenue of ₹1,450 cr for January to March 2026, +6.7% on the year and +1.3% on the quarter. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹5,687 cr, +7.7% on the four before.
Operating profit (EBITDA) was ₹236 cr, a margin of 16.3%, +68 bps on the year and −119 bps on the quarter. Over the last 8 quarters the margin has ranged from 15.2% to 17.5%, averaging 15.8%. Operating costs grew +5.8% against revenue growth of +6.7%, so more of each rupee of sales reached operating profit.
Net profit was ₹211 cr, +19.9% on the year and +5.5% on the quarter, with earnings per share of ₹9.26. Profit before other income, one-offs and tax grew 14.1%, so 6 points of the headline growth came from outside the core business. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹775 cr, +19.2% on the four before.
On earnings per share of ₹34.07 over the last four quarters, the stock at ₹506.75 trades at 14.9 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,241 cr | ₹1,204 cr | ₹1,230 cr | ₹1,288 cr | ₹1,308 cr | ₹1,326 cr | ₹1,359 cr | ₹1,385 cr | ₹1,421 cr | ₹1,431 cr | ₹1,450 cr | ₹1,508 cr |
| YoY | — | — | — | +5% | +5% | +10% | +10% | +8% | +9% | +8% | +7% | +9% |
| EBITDA margin | 18.6% | 17.3% | 16.5% | 15.2% | 15.4% | 15.6% | 15.6% | 15.2% | 15.5% | 17.5% | 16.3% | 14.7% |
| Other income, % of PBT | 16% | 20% | 23% | 20% | 20% | 15% | 20% | 24% | 20% | 14% | 24% | 23% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 24% | 24% | 25% | 25% | 24% | 23% | 24% | 24% | 25% | 24% | 25% |
| Net profit | ₹174 cr | ₹162 cr | ₹173 cr | ₹158 cr | ₹156 cr | ₹160 cr | ₹176 cr | ₹182 cr | ₹182 cr | ₹200 cr | ₹211 cr | ₹184 cr |
| YoY | — | — | — | +1% | −10% | −1% | +2% | +15% | +17% | +25% | +20% | +1% |
| Core profit YoY | — | — | — | −8% | −12% | +5% | +4% | +10% | +14% | +27% | +14% | +3% |
| EPS | ₹7.68 | ₹7.14 | ₹7.65 | ₹6.97 | ₹6.86 | ₹7.04 | ₹7.77 | ₹8.01 | ₹8.01 | ₹8.79 | ₹9.26 | ₹8.08 |
| Flags | · | · | · | 2 | 2 | 1 | ✓ | ✓ | 1 | 1 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Zensar Technolgies Ltd. reported revenue of ₹1,450 cr (+6.7% on the year) and net profit of ₹211 cr (+19.9% on the year) for January to March 2026.
Profit before other income, exceptional items and tax moved +14.1% on the year, against +19.9% for reported profit.
None of the 7 checks that could run raised a question.
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