Zensar Technologies Ltd posts Rs. 137.89 crore consolidated PAT in Q3FY21

ZENSAR TECHNOLOGIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.939.21 crores during the period ended December 31, 2020 as compared to Rs.975.53 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.137.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.0.50 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.6.03 for the period ended December 31, 2020 as compared to Rs.0.02 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 939.21 crs	₹ 975.53 crs	-3.72%
Net Profit	₹ 137.89 crs	₹ 0.50 crs	27478%
EPS	₹ 6.03	₹ 0.02	30050%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.939.21 crores during the period ended December 31, 2020 as compared to Rs.1060.18 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.137.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.39.53 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.6.03 for the period ended December 31, 2020 as compared to Rs.1.73 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 939.21 crs	₹ 1060.18 crs	-11.41%
Net Profit	₹ 137.89 crs	₹ 39.53 crs	248.82%
EPS	₹ 6.03	₹ 1.73	248.55%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2923.94 crores during the 9 months period ended December 31, 2020 as compared to Rs.3236.19 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.211.69 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.193.90 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.9.27 for the 9 months period ended December 31, 2020 as compared to Rs.8.47 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 2923.94 crs	₹ 3236.19 crs	-9.65%
Net Profit	₹ 211.69 crs	₹ 193.90 crs	9.17%
EPS	₹ 9.27	₹8.47	9.45%

Ajay S. Bhutoria, Chief Executive Officer and Managing Director, Zensar Technologies said, "Our PAT has increased by 13.3% QoQ in USD terms underscoring our focus on world-class execution and operational excellence. Some of the softness in our US Hi-tech and Insurance business has been offset by healthy growth in EU and South Africa as well as our Consumer Services business. While we remain alert of current and future headwinds, we are excited with performance of our Digital business. Adding further he stated, Digital Foundation Services, our visionary service line helping customers build robust and secure cloud-first infrastructure to power their digital transformation initiatives, has benefited from our consistent investment and has grown by 6.0% on YoY basis. At Zensar, we have always treasured our long-standing customer relationships, and are very encouraged by our mutual commitment to work together during times of uncertainty bolstered by our ability to deliver exceptional customer value."

Navneet Khandelwal, Chief Financial Officer, Zensar Technologies said, "Our strategic focus on improving our cash management position has shown significant results in this quarter as we are now in a strong cash position, our highest ever. Additionally, we have become a zero-debt company, which enables us to pivot our initiatives on sustainable business growth. Our PAT has increased, both on QoQ and YoY basis and our DSO for Q3 is 73 days which is an improvement of 20 days on a YoY basis."

Shares of ZENSAR TECHNOLOGIES LTD. was last trading in BSE at Rs.235.2 as compared to the previous close of Rs. 236.6. The total number of shares traded during the day was 14732 in over 620 trades.

The stock hit an intraday high of Rs. 241.75 and intraday low of 230.85. The net turnover during the day was Rs. 3483628.

Source : Equity Bulls

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