Zensar Technologies Q2 Results Live : Zensar Technologies declared their Q2 results on 22 Oct, 2024, revealing a mixed performance in key financial metrics. The company reported a topline increase of 5.42% year-over-year, but profit took a hit, decreasing by 10.47% compared to the previous year.
When comparing to the previous quarter, revenue saw a modest growth of 1.54%, while profit declined by 1.39%. This suggests ongoing challenges in maintaining profitability despite revenue growth.
The company’s Selling, General & Administrative expenses rose by 3.36% quarter-over-quarter and increased by 8.16% year-over-year. This rise in expenses could be a contributing factor to the decline in profit margins.
Operating income also faced a downturn, down by 0.12% quarter-over-quarter and a significant decrease of 11.84% year-over-year, indicating that operational efficiency may be a concern for the management.
Earnings Per Share (EPS) for Q2 stood at ₹6.82, reflecting a decrease of 10.38% year-over-year. This decline in EPS is likely to weigh on investor sentiment as it highlights the challenges faced by the company.
Zensar Technologies has experienced a -1.4% return in the last week, but the company has managed to achieve a 19.09% return over the past six months and a 13.31% year-to-date return, suggesting a fluctuating performance in the stock market.
As of now, Zensar Technologies holds a market capitalization of ₹15,697.17 crore, with a 52-week high of ₹839.5 and a low of ₹456.3, indicating a broad range in stock performance over the year.
On the analyst front, as of 24 Oct, 2024, out of 11 analysts covering the company, 3 have given a Hold rating, 4 have rated it as Buy, and 4 have given a Strong Buy rating. The consensus recommendation remains to Buy, reflecting a cautious optimism about the company’s future prospects.
Zensar Technologies Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 1308 | 1288.1 | +1.54% | 1240.8 | +5.42% |
Selling/ General/ Admin Expenses Total | 843.1 | 815.7 | +3.36% | 779.5 | +8.16% |
Depreciation/ Amortization | 29.7 | 24.7 | +20.24% | 36.6 | -18.85% |
Total Operating Expense | 1136.7 | 1116.6 | +1.8% | 1046.5 | +8.62% |
Operating Income | 171.3 | 171.5 | -0.12% | 194.3 | -11.84% |
Net Income Before Taxes | 207.9 | 209.7 | -0.86% | 224.9 | -7.56% |
Net Income | 155.7 | 157.9 | -1.39% | 173.9 | -10.47% |
Diluted Normalized EPS | 6.82 | 6.91 | -1.3% | 7.61 | -10.38% |
#Zensar #Technologies #Results #Live #Profit #Falls #YOY