Zensar Technologies tumbles on Q4FY17 results

Zensar Technologies Ltd., reported its results for the quarter ended March 31, 2017, after market hours yesterday. The consolidated numbers were largely negative.

Total sales for this quarter, Q4FY17, came in at Rs 743.3 crore. This represents a 5.48 per cent sequential decline; and 0.49 per cent YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs 45.82 crore and the EBIT margin stands at 6.16 per cent.

In terms of the bottom-line, the company reported a PAT figure of Rs 10.73 crore, which represents a sequential QoQ decline of 86.61 per cent and a YoY decline of 84.44 per cent.

Company's board of directors has approved and recommended a final dividend of Rs 7  per equity share, for a face value of Rs 10 each, for the year 2016-17.

The company's stock opened for trading at Rs 892.2, almost 2.5 per cent down from yesterday's closing; and touched intraday low of Rs 814.25 on the BSE (almost down by 11 per cent).

Zensar Technologies is a globally focused software and services company. Zensar provides end-to-end services from IT development to Business Process Outsourcing, from consulting to implementation. The company provides services in the area of Retail and Distribution, Banking, Financial Services and Insurance, Healthcare and Life Sciences, Manufacturing, Energy and Utilities.