ICICI Direct: Zensar Technologies’ Revenues Subdued In Q2, Margin Expansion Continues
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ICICI Direct: Zensar Technologies’ Revenues Subdued In Q2, Margin Expansion Continues

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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 healthy Q2 FY21 results on the profitability front.

Dollar revenues increased 0.6% QoQ mainly led by 12.8% QoQ growth in consumer services and 11.5% QoQ growth in banking partially offset by 4.5% QoQ decline in hi tech and 2.9% QoQ decline in manufacturing.

Ebitda margins increased 438 basis points QoQ to 18.8% mainly led higher utilisation and offshoring. Reported profit after tax was at Rs 50 lakh.

Click on the attachment to read the full report:

ICICI Direct Zensar Company Update.pdf

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