ICICI Direct: Zensar Technologies’ Margins Continue To Improve In Q1

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Zensar Technologies Ltd. reported Q1 FY21 numbers. Dollar revenues fell 7.0% QoQ mainly due to a decline in retail and financial vertical that dipped 23% QoQ, 14% QoQ. However, Ebit margins increased 20 basis points to 10.0% mainly led by forex gain (40 bps), selling general and administrative (SG&A) optimisation (20 basis points) partially offset by lower utilisation.The other key positive was fall in debt by approximately 15.5 million U.S. dollars (approximately Rs 116 crore) QoQ and days sales outstanding (DSO) days dipping by 12 days QoQ to 75 days. The company saw order booking of 150 million U.S. dollars in the quarter (book to bill ratio of 1.15 times) and also has healthy deal pipeline (1.5 billion U.S. dollars).Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Zensar Technologies’ Margins Continue To Improve In Q1

ICICI Direct: Zensar Technologies’ Margins Continue To Improve In Q1

Choose a plan