Zensar Technologies' consolidated PAT up 41% at Rs 55.25 cr

Higher net sales, lower tax expenses lent support to company's bottomline

Zensar Technologies reported a consolidated net profit of Rs 55.25 crore in the quarter ended March, up 41% from same period last year mainly because of higher net sales and decreased tax expenses.

The Pune-based company’s net sales were up 19% year-on-year at Rs 607.68 crore in the period under review, with highest contribution from its application management services segment followed by infrastructure management services and product and licences segment. Tax expenses for the company during the period stood at Rs 16.23 crore, were down 7% from same period last year.

Despite a year-on-year increase in company’s total expenses, Zensar’s operating profit rose 28% year-on-year to Rs 84.31 crore in the March quarter.

Since the company’s other income included a foreign exchange loss, the final figure in the period under review was a loss of Rs 10.73 crore, wider from the other income loss of Rs 6.70 crore reported in the corresponding period last year.

Sequentially, the company’s bottomline in the final quarter of FY14 rose by just about 9%, while its revenues increased by a marginal 2.2%.

Zensar Technologies which has presence in the US, UK, Europe, West Asia, South Africa, Singapore, China, Australia and Japan is among the top 13 technology and software services providers from India.