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ZENSARTECH - Zensar Tech.

📊 NSE: ZENSARTECH 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/14/2025 15:23

📢 Recent Corporate Announcements

Zensar Technologies Releases Q4 FY26 Earnings Call Transcript

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 04 May 2026, 03:44 PM

Zensar Technologies has officially released the transcript for its Q4 FY26 earnings conference call held on April 24, 2026. The document contains detailed discussions regarding the company's financial performance for the quarter and the full fiscal year ending March 31, 2026. This filing is a routine follow-up to the earnings announcement to ensure transparency for all shareholders. Investors can access the full management commentary and Q&A session via the company's investor relations website.

Earnings call transcript for Q4 FY26 and full year FY26 is now public.
The call was originally conducted on April 24, 2026, at 5:00 PM IST.
Document provides management's perspective on the financial results ending March 31, 2026.
Filing complies with SEBI listing obligations for information dissemination.

💡 Investors should review the transcript to understand management's guidance on vertical-specific growth and operational efficiencies. The Q&A section is particularly useful for gauging analyst concerns and management's confidence levels.

Zensar Technologies Grants 15,678 ESOPs Under 2025 Scheme at Rs 2 Exercise Price

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Apr 2026, 08:02 AM

Zensar Technologies has approved the grant of 15,678 stock options to eligible employees under its ESOP-2025 scheme. The options are priced at the face value of Rs 2 per share, significantly lower than the market price to incentivize performance. A key positive for shareholders is that the scheme uses a Trust Route for secondary market acquisition, meaning no new shares are issued and there is no equity dilution. Employees can exercise these options within five years of their respective vesting dates.

Grant of 15,678 stock options to eligible employees under the ESOP-2025 scheme.
Exercise price is set at Rs 2 per option, matching the face value of the equity shares.
Scheme implemented via Zensar Employees Welfare Trust through secondary market acquisitions.
Zero equity dilution for existing shareholders as no new shares are being minted.
Exercise period of 5 years allowed from the date of vesting.

💡 No action is required as this is a routine administrative grant with a very small volume of shares. The non-dilutive nature of the secondary market acquisition is a minor positive for long-term share value.

Zensar Technologies Releases Audio Recording of Q4FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 25 Apr 2026, 09:26 AM

Zensar Technologies has officially released the audio recording of its Q4FY26 earnings conference call held on April 24, 2026. The recording provides detailed management commentary regarding the company's financial performance for the quarter and full year ended March 31, 2026. This disclosure is part of the company's regulatory compliance and transparency efforts. Investors can access the full discussion via the company's investor relations portal to understand the underlying business drivers and future outlook.

Audio recording of the Q4FY26 earnings call is now available for public access
The call was conducted on April 24, 2026, following the release of annual financial results
Discussion focused on financial performance for the quarter and fiscal year ended March 31, 2026
Recording is hosted on the Zensar website under the 'Investor Corner' section

💡 Investors should listen to the recording to gain insights into management's guidance on revenue growth and margin expansion for the upcoming fiscal year. It is a valuable resource for understanding the company's strategy in the evolving IT services landscape.

Zensar Q4FY26: Record $401.8M Orderbook and Largest Ever Deal Win Boosts Outlook

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 24 Apr 2026, 03:30 PM

Zensar Technologies reported a resilient FY26 with total revenue of $643.7M, a 3.1% YoY growth in reported currency. The standout highlight was a record-breaking Q4 orderbook of $401.8M, representing a massive 122.9% QoQ increase and including the largest deal in the company's history. While Q4 revenue saw a slight sequential decline of 1.3% to $158.4M, PAT margins improved by 50 bps QoQ to 14.4%. The company maintains a strong balance sheet with $319.5M in cash and investment reserves.

Record Q4FY26 orderbook of $401.8M, marking a 122.9% sequential growth.
Full-year FY26 revenue reached $643.7M, growing 7.7% YoY in INR terms.
Profit After Tax (PAT) margin expanded to 14.4%, a 50 bps increase over Q3FY26.
Banking and Financial Services (BFS) segment grew 12.5% YoY in reported currency.
Strong liquidity position with net cash and cash equivalents of $319.5M.

💡 Investors should view the record orderbook and the 'largest deal ever' as strong indicators of future revenue visibility. The margin resilience and AI-certified workforce position the company well for FY27, though the decline in the US and TMT segments should be monitored.

Zensar Tech Appoints Price Waterhouse as Statutory Auditors for 5-Year Term Starting 2027

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 24 Apr 2026, 03:24 PM

Zensar Technologies has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as its new Statutory Auditor for a five-year period. This term will commence from the conclusion of the 64th Annual General Meeting (AGM) in 2027 and extend until the 69th AGM in 2032. The current auditor, SRBC & Co LLP, will continue their duties until the 2027 AGM, marking the completion of their five-year tenure. This transition is a standard regulatory procedure following the mandatory rotation or completion of terms for audit firms.

Appointment of Price Waterhouse Chartered Accountants LLP for a fixed 5-year term.
New auditor tenure runs from the conclusion of the 64th AGM (2027) to the 69th AGM (2032).
Current auditor SRBC & Co LLP will remain in office until the 2027 AGM to complete their term.
The appointment is subject to mandatory approval by the company's shareholders.
Price Waterhouse is a member of the PwC network with over 125 Assurance Partners as of December 2025.

💡 This is a routine regulatory disclosure regarding auditor rotation and does not signal any internal issues. No immediate action is required from investors as this is a standard corporate governance practice.

Zensar Technologies Recommends ₹12.60 Final Dividend; FY26 Net Profit Rises 15.3% to ₹6,860 Million

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 24 Apr 2026, 03:14 PM

Zensar Technologies has recommended a significant final dividend of ₹12.60 per share (630% of face value) for FY26, reflecting strong cash flow. The company reported a robust financial performance for the full year, with revenue growing 23% to ₹27,388 million. Net profit for FY26 increased to ₹6,860 million from ₹5,948 million in the previous year. The fourth quarter also showed strong momentum with a 35.8% year-on-year increase in net profit to ₹1,992 million.

Recommended final dividend of ₹12.60 per equity share of face value ₹2 (630%)
Annual revenue from operations increased to ₹27,388 million in FY26 vs ₹22,261 million in FY25
Full-year Net Profit after tax grew 15.3% year-on-year to reach ₹6,860 million
Q4 FY26 revenue stood at ₹7,418 million, up 27.6% compared to ₹5,811 million in Q4 FY25
Profit before tax for FY26 rose to ₹8,622 million despite a ₹235 million exceptional item impact

💡 Investors should benefit from the high dividend yield and the company's consistent double-digit growth in both revenue and profit. The stock remains attractive for those seeking a combination of income and steady growth in the IT services sector.

Zensar Tech Q4 Net Profit Jumps 35.8% YoY to ₹199 Cr; Declares ₹12.60 Final Dividend

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 24 Apr 2026, 03:07 PM

Zensar Technologies reported a strong performance for the quarter ended March 31, 2026, with standalone revenue growing 27.6% YoY to ₹7,418 million. Net profit for the quarter rose significantly by 35.8% YoY to ₹1,992 million, driven by robust operational growth and higher other income. For the full fiscal year 2026, the company achieved a total income of ₹30,659 million compared to ₹25,292 million in the previous year. The board has also recommended a substantial final dividend of ₹12.60 per share (630%), reflecting strong cash flow and a commitment to shareholder returns.

Standalone Net Profit for Q4 FY26 grew 35.8% YoY to ₹1,992 million compared to ₹1,467 million in Q4 FY25.
Revenue from operations increased by 27.6% YoY to ₹7,418 million in the final quarter of FY26.
Full-year FY26 Net Profit reached ₹6,860 million, a 15.3% increase from ₹5,948 million in FY25.
Recommended a final dividend of ₹12.60 per equity share of face value ₹2 (630%).
Total income for FY26 stood at ₹30,659 million, representing a growth of 21.2% over the previous fiscal year.

💡 The strong double-digit growth in both revenue and profit, coupled with a high dividend payout, makes Zensar an attractive pick for both growth and income-seeking investors. Shareholders should maintain their positions as the company demonstrates robust operational efficiency.

Zensar Technologies to Host Q4FY26 Earnings Call on April 24, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 17 Apr 2026, 06:45 PM

Zensar Technologies has scheduled its Q4FY26 earnings conference call for April 24, 2026, at 4:30 PM IST. The call will follow the board meeting held on the same day to approve the financial results for the quarter and full year ending March 31, 2026. Key management including CEO Manish Tandon and CFO Pulkit Bhandari will be present to discuss financial performance and future outlook. This is a standard procedure for the company to communicate its fiscal year-end performance to the investor community.

Earnings conference call scheduled for April 24, 2026, at 4:30 PM IST
Board meeting to approve Q4FY26 financial results is also set for April 24, 2026
Management representation includes CEO Manish Tandon and CFO Pulkit Bhandari
Universal dial-in numbers provided: +91 22 6280 1325 and +91 22 7115 8226

💡 Investors should track the financial results released on April 24 and listen to the call for management commentary on deal pipelines and margin guidance. Focus on the company's growth outlook for the next fiscal year.

Zensar Technologies Approves Expansion into Zambia with New Entity Setup

🟢 POSITIVE ⭐ 4/10

EXPANSION 📅 02 Apr 2026, 07:14 PM

Zensar Technologies has received in-principle approval from its Board of Directors to establish a new entity or branch in Zambia. The expansion will be executed either directly by the company or through its existing subsidiaries to provide software and allied services. While the initial investment is limited to the minimum capital required at face value, the move signifies a strategic intent to grow its presence in the African market. The Board meeting for this decision concluded on April 2, 2026.

Board approval granted on April 2, 2026, for setting up a new entity or branch in Zambia.
The new entity will operate within the Software and Allied Services industry.
Initial investment will be restricted to the minimum capital necessary at face value.
The entity will be structured as a related party, either as a direct branch or a step-down subsidiary.

💡 Investors should view this as a routine geographic expansion with limited immediate financial impact. Monitor future quarterly reports for revenue contributions from the African region to assess the success of this expansion.

Zensar Technologies: Harsh Mariwala to Retire as Independent Director on April 17, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 02 Apr 2026, 07:09 PM

Zensar Technologies has announced that Mr. Harsh Mariwala will complete his second term as a Non-Executive Independent Director on April 17, 2026. Following the completion of this term, he will cease to be a director of the company in accordance with regulatory tenure limits. The board meeting held on April 02, 2026, formally acknowledged his contributions and guidance during his tenure. This transition is a routine governance matter rather than a sudden resignation.

Mr. Harsh Mariwala to cease being a Non-Executive Independent Director effective close of business hours on April 17, 2026.
The retirement marks the completion of his second consecutive term as per SEBI (LODR) Regulations.
The board meeting for this announcement commenced at 04:00 PM and concluded at 06:45 PM on April 02, 2026.

💡 This is a routine board transition due to term limits; investors should monitor for the appointment of a successor but no immediate action is required.

Zensar Technologies Receives Independent ESG Score of 78.2 for FY 2025

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 31 Mar 2026, 12:28 PM

SES ESG Research Private Limited, a SEBI-registered agency, has independently assigned an Environmental, Social, and Governance (ESG) score of 78.2 to Zensar Technologies for FY 2025. The rating was prepared based on publicly available data without the company's direct engagement. This score reflects the company's performance across sustainability and governance parameters. High ESG scores are increasingly important for attracting institutional capital and ESG-focused investment funds.

Assigned an overall ESG Score of 78.2 for the fiscal year 2025
Rating issued by SES ESG Research Private Limited, a SEBI-registered provider
The report was prepared independently by the agency using public domain data
Disclosure made in compliance with Regulation 30 of SEBI Listing Regulations

💡 Investors should consider this score as a validation of the company's strong governance and sustainability practices. While it may not impact short-term stock price, it improves the company's profile for long-term institutional investors.

Zensar Technologies to Close Trading Window from April 1, 2026, for FY26 Audited Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Mar 2026, 05:07 PM

Zensar Technologies has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI insider trading regulations. This closure is mandatory ahead of the board's consideration of the audited financial results for the fiscal year ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives to prevent any potential insider trading. The window is set to reopen 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure effective from April 1, 2026.
Closure pertains to the consideration of Audited Financial Results for the year ending March 31, 2026.
Trading window to reopen 48 hours after the results are declared.
Applicable to all Designated Persons and their immediate relatives under SEBI (PIT) Regulations, 2015.

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor the upcoming earnings release for actual financial performance data.

Zensar Technologies Allots 64,051 Equity Shares Under ESOP Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 09:00 PM

Zensar Technologies Limited has allotted 64,051 fully paid-up equity shares to employees upon the exercise of stock options. This allotment was approved by the Nomination and Remuneration Committee on March 09, 2026. Following this issuance, the company's total issued and subscribed share capital has increased to Rs. 454,988,908. The total number of equity shares now stands at 227,494,454 with a face value of Rs. 2 each.

Allotment of 64,051 equity shares of face value Rs. 2 each to employees.
Shares issued against the exercise of previously granted Employee Stock Option Plans (ESOPs).
Total issued and subscribed share capital increased to Rs. 454,988,908.
Total number of equity shares outstanding rose to 227,494,454 shares.
The allotment was finalized and approved on March 09, 2026.

💡 This is a routine administrative update with negligible equity dilution. No specific action is required from investors based on this announcement.

Zensar Technologies Assigned 'Leader' ESG Rating of 80 by NSE Sustainability Ratings

🟢 POSITIVE ⭐ 6/10

OTHER 📅 18 Feb 2026, 12:12 PM

Zensar Technologies has been assigned an overall ESG rating of 80 by NSE Sustainability Ratings and Analytics Limited, placing it in the 'Leader' category. The rating is based on the company's disclosures for the financial year 2024-25 and was conducted independently by the agency using public data. This high score reflects strong performance across environmental, social, and governance parameters. Such recognition is likely to improve the company's standing among ESG-focused institutional investors.

Assigned an overall ESG rating of 80 and categorized as a 'Leader'
Rating is based on disclosures from the financial year 2024-25
The assessment was conducted independently by NSE Sustainability Ratings without company engagement
Reflects strong performance across various ESG parameters assessed by the rating agency

💡 The 'Leader' status enhances the company's profile for ESG-focused funds and institutional investors. Long-term investors can take this as a sign of robust corporate governance and sustainability practices.

Zensar Technologies Secures $210 Million Large Framework Deal in Financial Services

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 12 Feb 2026, 11:32 PM

Zensar Technologies has announced a major 5.5-year framework agreement with a leading financial services company, valued at an expected $210 million. The engagement focuses on AI-led automation and technical services to drive enterprise-wide efficiency and innovation. This deal provides significant long-term revenue visibility and reinforces Zensar's presence in the BFSI sector. The partnership aims to transition the client into an AI-native enterprise using Zensar's engineering and domain expertise.

Secured a large framework deal worth an expected $210 million over 5.5 years.
Contract involves AI-led automation and technical services for a major financial industry player.
The deal focuses on transforming the client into an AI-native enterprise.
Provides long-term revenue visibility and strengthens the company's BFSI portfolio.

💡 This is a significant win that validates Zensar's AI and engineering capabilities; investors should maintain a positive outlook while monitoring execution. Watch for improvements in the BFSI vertical's contribution to overall revenue in future quarters.

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💰 Financial Performance

Revenue Growth by Segment

Digital and Application Services grew 5.6% YoY to INR 4,226.9 Cr in FY2025, while Digital Foundation Services grew 17.1% YoY to INR 1,053.7 Cr. Total revenue reached INR 5,280.6 Cr, a 7.7% increase from INR 4,901.9 Cr in FY2024.

Geographic Revenue Split

The United States contributed 67.7% (INR 3,576.2 Cr), Europe 20.9% (INR 1,103.6 Cr), and the Rest of the World/Africa 11.4% (INR 600.8 Cr) in FY2025.

Profitability Margins

Operating Profit Margin (OPM) moderated to 15.5% in FY2025 from 17.8% in FY2024, a decline of 230 bps due to higher sales, marketing, and travel expenses. PAT margin was 12.3% in FY2025 compared to 13.6% in FY2024.

EBITDA Margin

EBITDA margin stood at 15.5% in FY2025. Absolute EBITDA was INR 816.7 Cr, representing a 6.3% YoY decline from INR 871.7 Cr in FY2024 due to increased investments in new technologies.

Capital Expenditure

Not disclosed in absolute INR Cr for future periods, but the company maintains a debt-free status (excluding lease liabilities) and held cash and investments of $293.0 million (approx. INR 2,450 Cr) as of Q2 FY2026 to fund potential inorganic growth.

Credit Rating & Borrowing

Reaffirmed [ICRA]AA+ (Stable) and [ICRA]A1+ in September 2025. Borrowing costs are minimal as the company is debt-free (excluding lease liabilities) with an interest coverage ratio of 41.7x in FY2024.

⚙️ Operational Drivers

Raw Materials

As an IT services firm, the primary 'raw material' is human capital. Employee benefit expenses are the largest cost component, though specific percentage of total cost was not disclosed.

Import Sources

Not applicable for IT services; talent is sourced globally with 10,620 associates across 16 countries.

Capacity Expansion

Current workforce stands at 10,620 associates as of June 30, 2025. Expansion is driven by headcount growth and utilization, which improved in FY2025.

Raw Material Costs

Wage cost inflation significantly impacted margins in FY2023, reducing OPM to 11.4%. Stabilization of wage costs in FY2024 helped margins recover to 17.8%.

Manufacturing Efficiency

Employee utilization levels improved in FY2025 and Q1 FY2026, supporting the business profile despite industry-wide demand softening.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth will be achieved through AI-led innovation, with 30% of the active order pipeline already driven by AI. The company launched ZenseAI, an agentic AI platform, to drive enterprise intelligence. Additionally, Zensar is scouting for inorganic growth opportunities using its $293 million cash reserve and focusing on the BFSI vertical, which supported a TCV of $774 million for FY2026.

Products & Services

IT consulting, application development and maintenance, package implementation, BPO operations, Digital Foundation Services, and the ZenseAI agentic AI platform.

Brand Portfolio

Zensar, ZenseAI.

New Products/Services

ZenseAI agentic AI platform launched in 2025 to drive enterprise-level innovation.

Market Expansion

Focusing on deepening penetration in the healthcare and life sciences vertical and expanding presence in the US, UK, Europe, and South Africa.

Market Share & Ranking

Moderate scale compared to large domestic IT players, which restricts pricing flexibility and margins.

🌍 External Factors

Industry Trends

The IT industry is shifting toward AI-integrated services and cloud infrastructure. Zensar is positioning itself with a 30% AI-led pipeline and the ZenseAI platform to capture this shift.

Competitive Landscape

Intense competition from prominent global and domestic IT players leads to pricing pressure and high competition for skilled talent.

Competitive Moat

Moat is based on an established business position and backing from the RPG Group. However, the lack of large-scale operations makes the moat less sustainable against Tier-1 competitors who have better pricing power.

Macro Economic Sensitivity

Highly sensitive to US and European GDP growth and corporate discretionary spending; 88.6% of revenue is derived from these two regions.

Consumer Behavior

Clients are increasingly demanding AI-led intelligence and cost-effective digital foundation services, reflected in the 17.1% growth of Zensar's Digital Foundation segment.

Geopolitical Risks

Exposed to macroeconomic uncertainties and adverse regulatory/legislative changes, including potential US tariffs and changes in visa policies.

⚖️ Regulatory & Governance

Industry Regulations

Subject to data privacy regulations and labor laws in 16 countries. Changes in US work visa policies or data protection laws could increase compliance costs.

Environmental Compliance

Direct exposure to environmental risks is not material given the service-oriented nature of the business.

Taxation Policy Impact

Not disclosed; however, fiscal policies in the US and Europe regarding IT outsourcing are key monitors.

Legal Contingencies

Faces risks of data breaches and cyberattacks which could result in substantive liabilities, fines, or penalties. No specific pending court case values were disclosed.

⚠️ Risk Analysis

Key Uncertainties

Softening demand in the US market and potential decline in discretionary IT spending could impact revenue growth by more than 5-10% if macro conditions worsen.