Zensar Technologies soars despite reporting 10% fall in Q1 consolidated net profit

Zensar Technologies is currently trading at Rs. 222.35, up by 3.60 points or 1.65% from its previous closing of Rs. 218.75 on the BSE.

The scrip opened at Rs. 220.00 and has touched a high and low of Rs. 226.20 and Rs. 220.00 respectively. So far 1052 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 352.40 on 07-Sep-2018 and a 52 week low of Rs. 196.20 on 01-Mar-2019.

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Last one week high and low of the scrip stood at Rs. 226.20 and Rs. 204.55 respectively. The current market cap of the company is Rs. 5046.12 crore.

The promoters holding in the company stood at 48.89%, while Institutions and Non-Institutions held 42.24% and 8.87% respectively.

Zensar Technologies has reported a fall of 19.52% in its net profit at Rs 47.58 crore for the quarter ended June 30, 2019 as compared to Rs 59.12 crore for the same quarter in the previous year. Total income of the company marginally decreased by 1.82% at Rs 353.28 crore for Q1FY20 as compared Rs 359.82 crore for the corresponding quarter previous year.

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On the consolidated basis, the company has reported a fall of 9.76% in its net profit at Rs 75.72 crore for the quarter under review as compared to Rs 83.91 crore for the same quarter in the previous year. However, total income of the company increased by 16.92% at Rs 1,085.65 crore for Q1FY20 as compared Rs 928.53 crore for the corresponding quarter previous year.