Zensar Tech Q3 net up 54% at Rs 52 cr

Zensar Technologies today reported 54% jump in consolidated net profit at Rs 52.29 crore for the third quarter ended December 31.

The company had posted net profit of Rs 33.93 crore for the October-December quarter of 2010-11 fiscal.

"All our businesses and geographies have reported stellar growth this quarter and we are confident that we will exceed our guidance for this year and continue to report excellent numbers in the next few quarters," Zensar Vice Chairman and MD Ganesh Natarajan said in a statement.

The company's net sales increased 85.58% to Rs 480.83 crore during the quarter, from Rs 259.09 crore reported by for in the year-ago period.

Natarajan said customers are becoming more discerning in a weak economic environment, adding, "We see that as an opportunity for high value creating partners like Zensar."

During the quarter, the company added 30 new clients and the net addition of employees was 142.

Zensar shares closed at Rs 144.50 a piece, up 3.40% compared to its previous close on the BSE today.