Zensar Technologies Ltd reported a healthy set of numbers for Q1FY19. Consolidated revenue in the period grew 11% qoq to Rs904.66cr, higher than the consensus estimates of Rs870cr.EBITDA grew 20.9% qoq to Rs116.33cr, also higher than the consensus estimates of Rs112.5cr. EBITDA margin in the quarter expanded 105bps qoq to 12.9%. Consolidated PAT for the quarter stood at Rs83.91cr, up 13% qoq, beating the consensus estimates of Rs71.5cr.
In dollar terms, Zensar reported revenue of $135mn, up 6.6% on a sequential basis. In constant currency (cc) terms, consolidated revenue grew 7.5% qoq. PAT for the quarter, in dollar terms, stood at $12.3mn, up 6.6% qoq.
In cc terms, revenues from cloud and digital-led next-gen cis services grew 16.7% qoq, whiles sales from digital services rose 13% on a quarterly basis. Industry-wise, revenues from the insurance segment grew the most on a sequential basis by 37.3%, while revenues from the retail and consumer industry as well as banking saw a de-growth of 2.5% and 7.8%, respectively.
Zensar Technologies, at its board meeting on Thursday, fixed the record date of September 10, 2018, for the sub-division of shares. At its meeting in April, Zensar’s board had approved a stock split in the ratio of five shares for every one share held.
Zensar Technologies Ltd is currently trading at Rs. 1,273, up by 77.5 points or 6.48% from its previous closing of Rs. 1,195.50 on the BSE.
The scrip opened at Rs. 1,220 and has touched a high and low of Rs. 1,290 and Rs. 1,220 respectively. So far 32,828 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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