ZENSAR TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Down 6.1%

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ZENSAR TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Down 6.1%
Tue, 22 Jan

ZENSAR TECHNOLOGIES has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

ZENSAR TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,9389,68710,3566.9%30.5%
Other incomeRs m6541325-93.9%-61.2%
TurnoverRs m8,00210,10010,3812.8%29.7%
ExpensesRs m6,8838,4589,2529.4%34.4%
Gross profitRs m1,0551,2291,104-10.1%4.7%
DepreciationRs m1602242375.8%48.3%
InterestRs m619510914.4%79.4%
Profit before taxRs m8991,322783-40.8%-12.9%
TaxRs m297372218-41.4%-26.6%
Profit after taxRs m602950565-40.5%-6.1%
Gross profit margin%13.312.710.7
Effective tax rate%33.028.127.8
Net profit margin%7.59.45.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 30.5% on a year-on-year (YoY) basis. The expenses were up by 34.4% YoY during the same period.
  • The company's operating profit increased by 4.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 3QFY19 as against 13.3% in 3QFY18.
  • Depreciation charges increased by 48.3% and finance costs increased by 79.4% YoY, respectively.
  • Other income declined by 61.2% YoY during the quarter.
  • Net profit for the quarter declined by 6.1% YoY. Net profit margins during the quarter declined from 7.5% in 3QFY18 to 5.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.4% QoQ during the same period.
  • The company's operating profit declined by 10.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 3QFY19 as against 12.7% in 2QFY18.
  • Net profit for the quarter declined by 40.5% QoQ, while net profit margins declined from 9.4% in 2QFY18 to 5.4% in 3QFY19.

To see how ZENSAR TECHNOLOGIES has performed over the last eight quarters, please visit here.

ZENSAR TECHNOLOGIES Share Price Performance

Over the last one year, ZENSAR TECHNOLOGIES share price has moved up from Rs 187.5 to Rs 223.8, registering a Gain of Rs 36.3 or around 19.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,699.7 (down 0.4%). Over the last one year it has moved up from 12,489.8 to 14,699.7, a gain of 2,210 points (up 17.7%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 223.8, the price to earnings (P/E) ratio of ZENSAR TECHNOLOGIES stands at 16.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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