Zensar Technologies Q3FY23 results out; Net profit declines by 16%

On Monday, Zensar Technologies Limited reported Consolidated financial results for the period ended December 31, 2022. The company has reported total income of INR 1,223.5 crores during the period ended December 31, 2022 as compared to INR 1,126.6 crores during the period ended December 31, 2021 depicting a rise of 8.6%

Meanwhile, the net profit declined by 15.93% on YoY basis as it posted net profit of INR 76.5 crores for the period ended December 31, 2022 as against net profit of INR 91 crores for the period ended December 31, 2021. The EPS too declined by 16.21% from INR 3.36 for the period ended December 31, 2022 as compared to INR 4.01 for the period ended December 31, 2021.

Interestingly, the net profit and EPS rose 34.68% and 35.48% on QoQ basis.

Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa.