The Hindu Business Line : Zensar Tech net doubles to Rs 34 cr

Zensar Technologies, software and BPO services provider, has recorded a revenue of Rs 428.79 crore for the year ended March 31, as compared to the revenues of Rs 344.89 crore registered last year.

The year-on-year growth stood at 24.3 per cent. According to Mr Ganesh Natarajan, Deputy Chairman and ManagingDirector, Zensar Technologies, the company has registered net profit after tax of Rs 34.02 crore for the year as against Rs 17.69 crore recorded last year. The year-on-year grow this 92.3 per cent, he said. Exceptional items have been excluded and basic earnings per share before exceptional income have increased to Rs 14.49 from Rs 7.73 the previous year, with the year-on-year growth being 87.4 per cent.

The revenue was Rs 125.23 crore for the quarter ended March (Rs 91.85 crore) with the year-on-year growth at 36.3 per cent. Net profit after tax stood at Rs 16.47 crore as against a loss of Rs 1.07 crore in the corresponding quarter last year, and with a sequential quarter growth of 75.4 per cent (Rs 9.39 cr).

Highest ever

Mr Ganesh said that `the consolidated profit has been the highest so far. The company's SBU (strategic business unit) structure launched this year has driven the intended growth in newbusiness areas and has significantly improved profitability.''

He noted that Zensar and Fujitsu have signed a $30 million multi-year offshore agreement with a new centre planned to employ 1,000 people over three years. He said 56 new clients added this year, with 22 of them engaging Zensar's services from its new portfolio.

The company has also acquired OBT Inc. Key wins this year include a UK-based leading global energy companies, one of Australia's top 3 telecommunications carriers, a US-based manufacturer of optical products anda US-based global provider of Information security and storage services.

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