Zensar Technologies reported its Q2 FY26 earnings on October 31, posting steady growth and profitability trends. The company recorded consolidated revenue of $162.8 million for the quarter, marking a 4.2% year-on-year increase and 0.5% sequential growth. In rupee terms, revenue rose 8.7% year-on-year to ₹14,213 million .
Gross margin improved to 31% from 30.5% in the previous quarter, expanding by 50 basis points driven by improved utilization and disciplined execution. EBITDA margin stood stable at 15.4%, while profit after tax was $20.8 million, representing a 11.9% year-on-year increase .
The Banking & Financial Services vertical continued to lead growth with 11% YoY revenue rise, followed by Healthcare & Life Sciences at 11.3% YoY. Technology & Media revenue declined 6.7% YoY, while the US market—contributing nearly two-thirds of revenue—saw 2.7% YoY growth. Europe and Africa regions posted stronger momentum, rising 6% and 9.8% respectively .
Zensar highlighted improved demand traction in AI-led transformation, announcing multiple GenAI project wins across fintech, retail, aviation, and manufacturing clients. Utilization rose to 84.8%, and order book for the quarter stood at $158.7 million .
CEO Manish Tandon said the company continues to prioritize disciplined execution and scalable AI capabilities to enhance client experience and long-term growth. The company also launched its ZenseAI platform to strengthen its AI-driven engineering offerings .
Zensar ended the quarter with a headcount of 10,550 and voluntary attrition at 9.8%. Cash and investments stood at $293 million as of September 2025 .
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