Zensar Technologies reported a steady performance for the quarter ended March 31, 2026, with marginal revenue growth and a stronger improvement in profitability on a quarter-on-quarter (QoQ) basis.
Revenue from operations came in at ₹1,450.4 crore, compared to ₹1,430.7 crore in the December quarter, marking a 1.38% QoQ increase. Including other income, total income stood at ₹1,515.4 crore, up 1.45% QoQ from ₹1,493.8 crore. Other income itself saw a slightly better uptick of 3.01% QoQ to ₹65 crore.
On the cost front, total expenses rose to ₹1,240 crore, compared to ₹1,203.4 crore in Q3, reflecting a 3.04% QoQ increase, which outpaced revenue growth. This increase in expenses weighed on operating profitability. As a result, profit before exceptional items and tax declined by 5.17% QoQ to ₹275.4 crore from ₹290.4 crore.
However, the absence of a large exceptional charge seen in the previous quarter (₹25.4 crore impact in Q3 versus negligible in Q4) helped lift reported profitability. Profit before tax (PBT) rose to ₹275.9 crore, up 4.11% QoQ from ₹265 crore.
Tax expenses remained largely stable at ₹65.3 crore, compared to ₹65.2 crore in the previous quarter, registering a negligible 0.15% increase.
Net profit after tax (PAT) came in at ₹210.6 crore, compared to ₹199.8 crore in Q3, translating into a 5.41% QoQ growth. The improvement in bottom line despite pressure at the operating level highlights the impact of lower exceptional costs and stable taxation.
EBIT declined 7.3% YoY to ₹213 crore, compared to ₹229.6 crore in the same quarter last year, indicating pressure on core operating performance. Sequentially, margins also softened, with EBIT margin at 14.7% versus 16% in the previous quarter, highlighting cost pressures and limited operating leverage.