Zensar Tech shares tank almost 6 pc on disappointing Q2

The Pune-headquartered mid-sized firm had posted a net profit of Rs 91.3 crore in the year-ago period.

By: PTI | New Delhi | Published:October 18, 2016 2:25 pm

Shares of software services firm Zensar Technologies today fell almost 6 per cent after the company reported a 25 per cent decline in consolidated net profit for the July-September quarter. The stock tanked 5.96 per cent to Rs 948.80 on BSE. At NSE, shares of the company dipped 5.77 per cent to Rs 950.30. Zensar Technologies Monday reported a 25 per cent decline in consolidated net profit at Rs 68.8 crore for the July-September quarter, impacted by currency movement. The Pune-headquartered mid-sized firm had posted a net profit of Rs 91.3 crore in the year-ago period.

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Consolidated revenue rose by 2.7 per cent to Rs 776.7 crore during the period from Rs 756.4 crore in the same quarter last fiscal.

For the sequential quarter, net profit declined 9.8 per cent from Rs 76.2 crore, while revenue was up 1.9 per cent from Rs 762.4 crore in the April-June quarter in 2016.