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Zensar Technologies Ltd

| Audited Standalone Financial Results for Q4 and Year Ended March 31, 2026

Report Source

⬤24th Apr 26

Summary : Zensar Technologies reported strong FY26 financial growth, increased dividends, and positive cash flow.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Employee benefits expense FY26: 36,312 Million (vs FY25: 33,904 Million).
  2. Consolidated Subcontracting costs FY26: 7,385 Million (vs FY25: 6,482 Million).
  3. Exceptional item (Labour Codes impact) FY26: 249 Million.
  4. Consolidated Revenue from Operations FY26: 56,874 Million (vs FY25: 52,806 Million).
  5. Digital and Application Services revenue FY26: 44,259 Million.
  6. Cloud Infrastructure and Security revenue FY26: 12,615 Million.
  7. Consolidated Cash flow from operating activities FY26: 7,708 Million (vs FY25: 5,650 Million).
  8. Consolidated Cash flow from investing activities FY26: (2,406) Million (vs FY25: (4,877) Million).
  9. Consolidated Cash flow from financing activities FY26: (4,010) Million (vs FY25: (2,645) Million).
  10. Dividend paid FY26: (3,043) Million (vs FY25: (2,041) Million).
  11. Payment for business acquisition FY26: (1,197) Million.
  12. Consolidated Total Assets FY26: 60,835 Million (vs FY25: 51,729 Million).
  13. Consolidated Goodwill FY26: 10,038 Million (vs FY25: 9,144 Million).
  14. Consolidated Cash and Cash Equivalents FY26: 4,163 Million (vs FY25: 2,708 Million).
  15. Consolidated Trade Receivables FY26: 9,242 Million (vs FY25: 7,901 Million).
  16. Both standalone and consolidated financial results are presented.
  17. Consolidated results include 15 entities/subsidiaries.

Risk Factors

  1. Regulatory changes impacting employee benefit expenses.
  2. Increased subcontracting costs affecting profitability.
  3. Significant cash outflow for new investments.
  4. Increased financing activities outflow for company.

Key Drivers

  1. Strong revenue growth across all segments.
  2. Significant increase in net profit and EPS.
  3. Healthy cash flow from operating activities.
  4. Increased dividend payout to shareholders.

Auditor’s Report

  1. Unmodified opinion on Standalone Financial Results.
  2. Unmodified opinion on Consolidated Financial Results.
  3. Quarterly results are balancing figures between full year audited and Q3 unaudited figures.

Board Commentary

  1. Interim dividend of INR 2.40 per equity share declared.
  2. Final dividend of INR 12.60 per share (630%) recommended.
  3. Regulatory changes from new Labour Codes.
  4. Statutory impact of new Labour Codes on employee benefits (INR 235-249 Million).
  5. Revision of SEBI (Prohibition of Insider Trading) Regulations, 2015.
  6. Increased capital expenditure on property, plant, and equipment.
  7. Payments made for business acquisition.

Corporate Governance

  1. Revision of SEBI (Prohibition of Insider Trading) Regulations, 2015.
  2. ESOP Trust created for share-based payments to employees.
  3. Auditors confirm independence and ethical requirements fulfillment.
  4. Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Future Strategy

  1. Monitoring finalization of new Labour Codes and their accounting effects.

Performance Drivers

  1. Growth in Digital and Application Services segment.
  2. Growth in Cloud Infrastructure and Security segment.

Risk Control Measures

  1. Company is monitoring finalization of Labour Code rules.

Critical Risks

  1. Regulatory changes from new Labour Codes impacting employee benefits.