 "Zensar Technologies surges on strong June quarter results")
Zensar Technologies has moved higher by 13% to Rs 780 on the National Stock Exchange (NSE) after reporting a strong 36% year-on-year (yoy) jump in its consolidated net profit at Rs 76 crore for the quarter ended June 30, 2015 (Q1), as foreign exchange gains led to higher other income.
The IT consulting & software company had posted a profit of Rs 55.96 crore in the same quarter a year ago.
Total income from operations increased 15% yoy at Rs 706 crore, while other income more than doubled at Rs 13.44 crore against Rs 7.07 crore in the corresponding quarter of the previous year.
The company recorded a foreign exchange gain of Rs 11.57 crore against Rs 4.72 crore in previous year's corresponding quarter.
The stock has touched a low of Rs 681 and has seen a combined 843,477 shares changing hands on the counter on the NSE and BSE so far.
At 1457 hours, the stock was up 10% at Rs 757 on the NSE.
The IT consulting & software company had posted a profit of Rs 55.96 crore in the same quarter a year ago.
Total income from operations increased 15% yoy at Rs 706 crore, while other income more than doubled at Rs 13.44 crore against Rs 7.07 crore in the corresponding quarter of the previous year.
The company recorded a foreign exchange gain of Rs 11.57 crore against Rs 4.72 crore in previous year's corresponding quarter.
The stock has touched a low of Rs 681 and has seen a combined 843,477 shares changing hands on the counter on the NSE and BSE so far.
At 1457 hours, the stock was up 10% at Rs 757 on the NSE.
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