RPG group company Zensar Technologies has reported a 4.7 per cent dip in consolidated net profit for the second quarter ended September 30, 2014, as the company had benefited from strong appreciation in the rupee in the corresponding year ago quarter.
Net profit went down to ₹67.3 crore from ₹70.6 crore in the quarter ended September 30, 2013. On a sequential basis, net profit went up 20.3 per cent from ₹56 crore
On a year-on-year basis, revenue went up 9.8 per cent to ₹647.7 crore (₹589.7 crore)
“Our year-on-year results are not comparable, as we had a bumper Q2 last fiscal, wherein the rupee went to 64 from 56 vis-a-vis the dollar. However, business in doing well on all parameters,” Ganesh Natarajan, Vice-Chairman and Chief Executive Officer, told BusinessLine .
The company has added over 100 new staffers organically. In the quarter gone by, the company also completed the acquisition of US-based Professional Access.
Key markets“The India market has done very well for us, while the star markets for us continue to be the US and Europe. Our African business has also performed well with around 10 per cent sequential growth,” he said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.