Zensar Technologies has dipped 8% to Rs 919 on the BSE after the company reported 2% decline in net profit at Rs 70.20 crore for the fourth quarter ended March 31, 2016 (Q4FY16) on sequential basis. It had profit of Rs 71.50 crore in a year ago quarter.
Operating revenue decreased 1.4% to Rs 746 crore against Rs 757 crore in the previous quarter.
Earnings before interest, taxes, depreciation and amortization (EBITDA) margins decline by 281 basis points to 13.0% in March quarter from 15.1% in December quarter.
The company said that its board has decided for liquidation of wholly owned foreign enterprise (WOFE)/ wholly owned subsidiary company (WOSC) in China, subject to approval of Reserve Bank of India and other statutory approvals, if any.
At 12:50 am, the stock was down 5% at Rs 950 on the BSE. A combined 249,349 shares changed hands on the BSE and NSE so far.
Earnings before interest, taxes, depreciation and amortization (EBITDA) margins decline by 281 basis points to 13.0% in March quarter from 15.1% in December quarter.
The company said that its board has decided for liquidation of wholly owned foreign enterprise (WOFE)/ wholly owned subsidiary company (WOSC) in China, subject to approval of Reserve Bank of India and other statutory approvals, if any.
At 12:50 am, the stock was down 5% at Rs 950 on the BSE. A combined 249,349 shares changed hands on the BSE and NSE so far.
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