2024-10-24 11:10:49 :
Zensar Technologies Second Quarter Results Live: Zensar Technologies reported second quarter results on October 22, 2024, showing mixed performance on key financial metrics. The company’s revenue increased by 5.42% year-on-year, but profits took a hit, falling by 10.47% year-on-year.
Compared with the previous quarter, revenue increased slightly by 1.54% and profit decreased by 1.39%. This suggests that despite revenue growth, maintaining profitability remains a challenge.
The company’s selling, general and administrative expenses increased by 3.36% month-on-month and 8.16% year-on-year. Increased expenses may be a factor in lower profit margins.
Operating income is also facing a downturn, with a month-on-month decrease of 0.12% and a sharp year-on-year decrease of 11.84%, indicating that operating efficiency may be a concern for management.
Second quarter earnings per share (EPS) were $6.82, a year-on-year decrease of 10.38%. The drop in earnings per share could affect investor sentiment as it highlights the challenges facing the company.
Zensar Technologies returned -1.4% last week, but the company has returned 19.09% over the past six months and has returned 13.31% year-to-date, indicating a volatile stock market performance.
As of now, Zensar Technologies has a market capitalization of $Rs 15,697.17 Crore, 52-week High $839.5 and minimum $456.3, indicating volatile stock performance throughout the year.
On the analyst side, of the 11 analysts covering the company as of October 24, 2024, 3 have a hold rating, 4 have a buy rating, and 4 have a strong buy rating. The consensus recommendation remains Buy, reflecting cautious optimism about the company’s future prospects.
Zensar Technology Finance
period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 1308 | 1288.1 | +1.54% | 1240.8 | +5.42% |
Total Selling/General/Administrative Expenses | 843.1 | 815.7 | +3.36% | 779.5 | +8.16% |
Depreciation/Amortization | 29.7 | 24.7 | +20.24% | 36.6 | -18.85% |
total operating expenses | 1136.7 | 1116.6 | +1.8% | 1046.5 | +8.62% |
operating income | 171.3 | 171.5 | -0.12% | 194.3 | -11.84% |
net income before tax | 207.9 | 209.7 | -0.86% | 224.9 | -7.56% |
net income | 155.7 | 157.9 | -1.39% | 173.9 | -10.47% |
Diluted normalized earnings per share | 6.82 | 6.91 | -1.3% | 7.61 | -10.38% |
Follow us On Social Media   Twitter/X