Zensar Technologies reported a 20.5 per cent increase in net profit at Rs 158 crore for the year ended March 31, 2012. However, net profit on a q-o-q basis dipped to Rs 39.29 crore from Rs 52.29 crore in the December 2011 quarter. Revenues grew by 56 per cent on a year-on-year basis to Rs 1,794 crore.
The increase in revenues was mainly due to good performance in their infrastructure and application management business. “The drop in the net profit was primarily due to the currency fluctuation. We expect to grow 15-18 per cent in terms of revenue next year,” said Dr Ganesh Natarajan, Vice-Chairman and MD, Zensar. During the year, Zensar and its subsidiaries added 112 new clients. The stock closed at Rs 195.15, down 16 per cent from its previous close on the BSE.