Zensar Tech Q3 Results Review

BQ Prime’s particular analysis part collates high quality and in-depth fairness and economic system analysis studies from throughout India’s high brokerages, asset managers and analysis companies. These studies supply BQ Prime’s subscribers a possibility to increase their understanding of firms, sectors and the economic system. 

Zensar Applied sciences Ltd. reported declining income in Q3 FY23 primarily led by furloughs and decrease go via revenues. Nonetheless, it has registered enchancment in Ebitda margins of ~273 foundation factors to 11.3%.

Additional, the corporate goals to enhance margins to mid-teens (~15-16%) by Q2 FY24E. Additional, the brand new Chief Govt Officer has been instrumental in turning round a smaller measurement IT firm CSS corp. Below his management CSS corp registered 5% sequential quarterly progress in revenues and 18% Ebitda with 60% plus money conversion. We count on the brand new CEO to make an identical turnaround in Zensar.

The brand new CEO’s present focus is on bettering margins adopted by income progress. Therefore, we now have conservatively inbuilt income and revenue after tax compound annual progress price of 9% and 37% over FY23E-FY25E respectively.

Click on on the attachment to learn the total report:


This report is authored by an exterior occasion. BQ Prime doesn’t vouch for the accuracy of its contents neither is answerable for them in any method. The contents of this part don’t represent funding recommendation. For that you need to all the time seek the advice of an knowledgeable based mostly in your particular person wants. The views expressed within the report are that of the creator entity and don’t signify the views of BQ Prime.

Customers don’t have any license to repeat, modify, or distribute the content material with out permission of the Unique Proprietor.

#Zensar #Tech #Outcomes #Evaluation

Leave a Comment