Zensar Technologies Q4 Results Review - Order Book Remains Healthy: IDBI Capital

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Zensar Technologies Ltd. Q4 revenue grew 2.0% QoQ in constant currency terms due to reversal of furloughs. Going forward the company expects revenues to improve on QoQ basis led by broad based growth in verticals and improving deal wins trajectory (up 22% YoY to $ 698 million in FY24, book to bill of 1.2 times).This coupled with company’s intention to invest in capability building, sales and large deals, we expect 5.5% YoY and 13% YoY growth for FY25E and FY26E. In addition, considering FY24 performance we have revised margin estimates for FY25E upwards by 34 bps and FY26E earning per share upwards by 32 bps leading to maintenance EPS estimates despite lowering of revenue estimates.We maintain our 'Hold' rating on the stock with a target price of Rs 615 (18 times FY26E EPS). We believe key trigger for further rerating will be sustaining growth for next few quarters..Click on the attachment to read the full report:.Olectra Green Shares Tumble Most In Over A Month After Q4 Profit Decline.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Zensar Technologies Q4 Results Review - Order Book Remains Healthy: IDBI Capital

Revenue growth to lag in near term but improve in longer term.

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