Zensar Technologies has reported its consolidated financial results for the first quarter of FY27. The company announced a 1.1% sequential constant currency revenue growth, reaching $159.5 million. Profit after tax stood at 12.2% of revenue. The results highlight broad-based volume gains, with Banking and Financial Services remaining a key growth engine, contributing 48.8% of revenue.
Financial Highlights for Q1FY27
Zensar Technologies, a prominent player in Experience, Engineering, and Engagement solutions, has announced its financial results for the first quarter ending June 30, 2026. The company reported a revenue of $159.5 million, reflecting a 1.1% sequential constant currency growth. In INR terms, this translates to a quarterly YoY growth of 8.9% and a QoQ growth of 4.0%.
Profit after tax for the quarter was 12.2% of revenue, showing a QoQ decrease of 220 basis points. The company maintained a healthy cash position, with net cash and cash equivalents standing at $317.5 million at the end of Q1FY27, a modest YoY increase of 0.6%.
Performance Across Key Verticals and Geographies
The company’s performance was driven by contributions across various sectors. Banking and Financial Services led the growth with an 8.3% QoQ revenue increase and a 14.7% YoY growth in constant currency. While other sectors saw mixed results, the US region demonstrated a 2.5% QoQ revenue growth.
The report also detailed performance by segment:
- Telecommunication, Media and Technology experienced a 9.1% QoQ revenue decline.
- Manufacturing and Consumer Services saw a 2.3% QoQ revenue decline.
- Healthcare and Life Sciences reported a 3.8% QoQ revenue decline.
Strategic Outlook and Leadership Commentary
Manish Tandon, CEO and Managing Director of Zensar, commented on the results, stating, “Q1FY27 marked a strong start to the year, we delivered 1.1% sequential quarter constant-currency revenue growth on the back of broad-based volume gains, despite a challenging macroeconomic environment.” He further emphasized the company’s commitment to driving profitable growth and creating sustained value for clients and shareholders.
Pulkit Bhandari, CFO, added that while EBITDA was impacted by a large deal transition, the company’s strategic wins position it effectively for future complex engagements. Zensar highlighted significant wins in AI projects, including modernization for a US property insurer and optimization for a global energy leader.
Awards and Recognitions
Zensar also received notable industry recognitions, including being named a Leader in Everest Group’s Guidewire Services PEAK Matrix® Assessment 2026 and ranking #6 in India’s ‘Best Companies to Work For 2026’ by Great Place to Work®.
Key Metrics Snapshot
The Q1FY27 snapshot shows total revenue at $159.5M, with 1.1% QoQ cc growth and 2.0% YoY cc decline. PAT was 12.2%, down 220 bps QoQ. The cash balance stood at $317.5M, a decrease of $2.0M QoQ. The order book reached $149.2M, a significant 62.9% QoQ increase.
Source: BSE
