The shares of the leading software and service provider gained up to 12 percent after the company’s net profit increased by 41 percent YoY and 8 percent QoQ in fourth quarter.
With a market capitalization of Rs 14,396.87 crore, the shares of Zensar Technologies Ltd were trading at Rs 635.00 per share, increasing around 10.04 percent as compared to the previous closing price of Rs 575.20 apiece.
Looking into the company’s performance, Zensar Technologies Ltd’s revenue increased by 2 percent on a quarter-on-quarter basis from Rs. 1,204 crore in Q3FY24 to Rs.1,230 crore in Q4FY24. Further, revenue increased by 1.4 percent year on year, from Rs. 1,213 crore in Q4FY23 to Rs. 1,230 crore in Q4FY24.
Zensar Technologies Ltd’s net profit increased by 8 percent on a quarter-on-quarter basis, from Rs. 212 crore in Q3FY24 to Rs. 229 crore in Q4FY24. Further, net profit increased by 41 percent year on year from Rs. 162 crore in Q4FY23 to Rs. 229 crore in Q4FY24.
The stock has delivered returns of 30.25 percent in the last six months and a multi-bagger return of 130.65 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.30 lakh in a year.
With more than 37 locations globally, the company’s revenue is primarily derived from North America, with the UK and Europe contributing another 18.1%, and South Africa contributing 11.2%.
In FY2022, the company placed a sizable number of new orders, resulting in TCV of $576 million. A good mix of large and mid-sized deals, bolstered by many victories across verticals, make up the order inflow. Additionally, 40% of the deals won in Q4 FY2022 came from new clients.
Zensar Technologies is a leader in digital solutions and technology services. It is part of the Mumbai-based RPG group and has its headquarters in Pune, India. It has two business segments: Application Management Service and Infrastructure Management Service.
Written by:- Abhishek Singh
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