Zensar Technologies second quarter results announced: profit fell 10.47% year-on-year

Zensar Technologies Q2 Results Live

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

periodQ2Q1month-on-month growthQ2year-on-year growth
total revenue13081288.1+1.54%1240.8+5.42%
Total Selling/General/Administrative Expenses843.1815.7+3.36%779.5+8.16%
Depreciation/Amortization29.724.7+20.24%36.6-18.85%
total operating expenses1136.71116.6+1.8%1046.5+8.62%
operating income171.3171.5-0.12%194.3-11.84%
net income before tax207.9209.7-0.86%224.9-7.56%
net income155.7157.9-1.39%173.9-10.47%
Diluted normalized earnings per share6.826.91-1.3%7.61-10.38%
Get the latest updates on quarterly results with our results calendar

Follow us On Social Media   Twitter/X

Join WhatsApp

Join Now

---Advertisement---