ZENSAR TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Down 27.1%

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ZENSAR TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Down 27.1%
Mon, 27 Jan

ZENSAR TECHNOLOGIES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ZENSAR TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,35610,72310,206-4.8%-1.4%
Other incomeRs m25181396119.0%1477.3%
TurnoverRs m10,38110,90410,602-2.8%2.1%
ExpensesRs m9,2529,2239,5103.1%2.8%
Gross profitRs m1,1041,500696-53.6%-36.9%
DepreciationRs m2373854127.0%73.7%
InterestRs m109140127-8.7%17.0%
Profit before taxRs m7831,156553-52.2%-29.4%
TaxRs m218329141-57.2%-35.4%
Profit after taxRs m565827412-50.2%-27.1%
Gross profit margin%10.714.06.8
Effective tax rate%27.828.525.5
Net profit margin%5.47.63.9
* 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 fell 1.4% on a year-on-year (YoY) basis. The expenses were up by 2.8% YoY during the same period.
  • The company's operating profit declined by 36.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 3QFY20 as against 10.7% in 3QFY19.
  • Depreciation charges increased by 73.7% and finance costs increased by 17.0% YoY, respectively.
  • Other income increased by 1477.3% YoY during the quarter.
  • Net profit for the quarter declined by 27.1% YoY. Net profit margins during the quarter declined from 5.4% in 3QFY19 to 3.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.1% QoQ during the same period.
  • The company's operating profit declined by 53.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 3QFY20 as against 14.0% in 2QFY19.
  • Net profit for the quarter declined by 50.2% QoQ, while net profit margins declined from 7.6% in 2QFY19 to 3.9% in 3QFY20.

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

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ZENSAR TECHNOLOGIES Share Price Performance

Over the last one year,ZENSAR TECHNOLOGIES share price has moved down from Rs 225.0 to Rs 177.3, registering a Loss of Rs 47.8 or around 21.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,153.2 (down 0.5%). Over the last one year it has moved up from 14,784.4 to 16,153.2, a gain of 1,369 points (up 9.3%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 177.3, the price to earnings (P/E) ratio of ZENSAR TECHNOLOGIES stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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