Zensar Technologies Ltd
Zensar Technologies Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Growth is expected outside the TMT vertical, with positive demand in US, UK, Europe, and South Africa. The management remains confident of mid-teens EBITDA margin delivery and consistent PAT of around 12.8%-13%, with strong cash conversion.
From Zensar Technologies Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Growth is expected outside the TMT vertical, with positive demand in US, UK, Europe, and South Africa.
- Despite a sequential decline in the US (mainly due to TMT), growth momentum is good in other verticals and geographies.
- Pipeline is strong, including a large deal pipeline, supporting near-term growth optimism.
- Manufacturing and Consumer Services (MCS) show improvement signs with positive pipeline and seasonal spending.
- AI-related discretionary spending is driving new opportunities; AI platforms like ZenseAI gaining traction with clients.
- Management targets mid-teens EBITDA margins while investing judiciously in growth and capabilities.
- Though TMT is under secular decline (~20% of revenue currently), revenue growth is sustained by diversification and faster growth in other segments.
2 more points from Zensar Technologies Ltd's call on revenue
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Profitability & Margins
See what Zensar Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The management emphasized cautious and judicious investments aligned with growth priorities.
- There is an ongoing focus on capability building, including investments in AI and innovation.
- The company is balancing margin maintenance with strategic investments.
- They are committed to making necessary investments to support growth and shareholder value.
2 more points from Zensar Technologies Ltd's call on capex
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Fundraising & Capital Structure
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Order Book & Pipeline
- The order book for the quarter stood at $158.7 million.
- The book-to-bill ratio for the first half of the year is 1.02, indicating sustainable business momentum.
- Pipeline is described as one of the highest qualified in company history, including a strong large deal pipeline.
- Management expressed confidence in closing certain large deals in the foreseeable future, mostly in sectors where the company is performing well.
2 more points from Zensar Technologies Ltd's call on order book
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Zensar Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.6K Cr, net profit ₹190 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Zensar Technologies Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q2 FY25 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Zensar Technologies Ltd Q2 FY26 results?
Growth is expected outside the TMT vertical, with positive demand in US, UK, Europe, and South Africa. The management remains confident of mid-teens EBITDA margin delivery and consistent PAT of around 12.8%-13%, with strong cash conversion.
What is Zensar Technologies Ltd share price analysis?
Zensar Technologies Ltd currently shows a neutral. The stock trades at a P/E of 14.5 with a market cap of ₹11,555 Cr. Investors should review the full earnings analysis for detailed insights.
Is Zensar Technologies Ltd planning capital expenditure?
The management emphasized cautious and judicious investments aligned with growth priorities.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.