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