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HomeNewsBusinessStocksZensar Technologies stock zooms 12% on robust Q4 show

Zensar Technologies stock zooms 12% on robust Q4 show

The company's profit after tax rose 7 percent to Rs 173.3 crore from the year-ago period

April 26, 2024 / 12:45 IST
The counter has gained a marginal 3.5 percent since the start of the year.
     
     
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    Shares of Zensar Technologies Limited jumped 12 percent to Rs 644 in the afternoon on April 26 after the company's reported a robust set of numbers for the March quarter.

    The company's profit after tax (PAT) rose 7 percent to Rs 173.3 crore from the year-ago period. Revenue was up 2.1 percent quarter-on-quarter (QoQ) at Rs 1,229.7 crore.

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    The company's order book grew to of $181.5 million from $174.9 million in the year-ago period and the $167.5 million in the December quarter.

    The technology solutions company's EBITDA (earnings before interest, taxes, depreciation and amortisation), however, decreased to 16.5 percent from 17.2 percent in the previous quarter.

    The attrition rate fell from 19.8 percent in the March quarter to 10.9 percent, signalling improved employee retention over successive quarters.

    At 12.30 pm, Zensar Technologies share was trading at Rs 632, up 10 percent from the previous close. The counter has gained 3.5 percent since the start of the year.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

     

    Moneycontrol News
    first published: Apr 26, 2024 12:45 pm

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