Zensar Technologies Q4 Review - Strategy Refresh, Investment In Sales To Aid Growth: Motilal Oswal

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..Motilal Oswal Report.While Zensar Technologies Ltd.’s revenue performance in FY21 (down 12% year-on-year in constant currency terms) was among the weakest in our IT Services coverage due to hit from both Covid-19 and restructuring in its top account (over 20% of revenue), it reported an impressive profit after tax growth (33% YoY), led by 6% Ebitda margin improvement. The company’s low valuation (13 times FY23E price-to-earning) is on account of its weak topline performance over the last two years. With a new leadership (Ajay Bhutoria took over in January 2021), refreshed strategy, and reinvestment of margin gains in sales, we expect it to return to sustainable growth from H2 FY22..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 author entity 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.

Zensar Technologies Q4 Review - Strategy Refresh, Investment In Sales To Aid Growth: Motilal Oswal

Zensar Technologies Q4 Review - Strategy Refresh, Investment In Sales To Aid Growth: Motilal Oswal

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