Athira Sethu
Kochi, 30 October 2026
The stock prices of Zensar Technologies rose on October 29 due to the excellent performance of the IT company in terms of revenues in the second quarter of the financial year 2026-27.
On October 28, Zensar Technologies disclosed the quarterly performance of the company. The revenues of the firm amounted to ₹1,585 crore for the July to September quarter. It witnessed an increase of 11.5% compared to the previous year.
The net profit of the company also witnessed an increase of 4.4% to ₹190 crore. The profit grew slowly compared to revenues owing to high business expenditure.
One of the key expenditures involved the cost of outsourcing services to other firms and professionals to finish projects. Such expenditures grew from ₹183.9 crore to ₹277.7 crore during the same quarter last year.
However, despite high costs, the firm showed some improvements in operations.
The operating profit of Zensar, also referred to as EBIT, grew from ₹192 crore to ₹213 crore during the previous quarter. The operating profit margin increased to 13.4% from 12.76%.
There was also an improvement in the employee utilization rate. This implied that more hours of the employees’ time was spent working on the clients’ projects. Employee utilization improved to 87.6% from 85.1% in the previous quarter.
The banking and financial services business division contributed significantly to the growth of the company.
Revenue from this segment accounted for 50.3% of the revenue generated by Zensar, compared to 43.6% from the previous year. After accounting for changes in foreign currency exchange rates, this segment of the business recorded a 17.1% increase in revenue.
On the other hand, the telecom, media and technology business division did not perform well. Its revenue decreased by 21.6% when compared to the same period last year, taking into consideration foreign currency exchange rates changes.
Apart from the financial figures, the company also declared its intention to undertake a merger of its subsidiary, M3BI India Private Limited.
The merger will become effective on April 1, 2027, subject to the receipt of the necessary approvals. No new share issuance will be required for this merger.
Apart from this, Zensar had filed documents for merging two of its subsidiaries in the United States under Zensar Technologies Inc.
The stocks of the company started trading at ₹503 on October 29 after releasing its financial results.
As per the records on the NSE, at 10:42 am, the stocks were being traded at ₹498.80, showing an increase of 0.36% from the previous close of ₹497.
Overall, Zensar Technologies saw consistent growth in revenues, enhanced operating income and better performance in the segment of banking and financial services, despite increased costs.
