Zensar Technologies announced a 4.2% year-over-year revenue increase in reported currency for Q2 FY26. Revenue reached $162.8M, marking a 0.5% sequential growth. The company also reported improved gross margins and highlighted key wins in Al projects and recognitions.
Financial Performance
Zensar reported revenue of $162.8M in Q2 FY26 (Jul-Sep), showing a 4.2% year-over-year growth in reported currency and a 3.4% growth in constant currency. This translates to a sequential quarter-over-quarter growth of 0.5% in reported currency. Gross margins stood at 31.0%.
Segment Highlights
Key segments showed varied performance:
- Banking and Financial Services: Sequential QoQ revenue growth of 5.6% and quarterly YoY growth of 11.0%.
- Healthcare and Life Sciences: Sequential QoQ revenue growth of 3.9% and quarterly YoY growth of 11.3%.
- Manufacturing and Consumer Services: Sequential QoQ revenue growth of 0.1% and quarterly YoY growth of 0.1%.
- Telecommunication, Media and Technology: Sequential QoQ revenue decline of 9.9% and quarterly YoY decline of 6.7%.
Regional performance also varied:
- US: Sequential QoQ decline of 1.9% and quarterly YoY growth of 2.7%.
- Europe: Sequential QoQ growth of 5.2% and quarterly YoY growth of 6.0%.
- Africa: Sequential QoQ growth of 6.9% and quarterly YoY growth of 9.8%.
Key Wins and Recognitions
Zensar highlighted several key wins, especially in Al-driven projects:
- Legacy Modernization in Treasury & Risk through Gen Al Integration for a global FinTech Company.
- Gen Al-powered documentation and mood-based content discovery for a leading African Retail Company.
- Al-powered defect detection system to improve quality control processes for a US-based Commercial Manufacturer.
- WhatsApp-integrated Gen Al chatbot to enhance conversational intelligence for a major player in global Aviation IT industry.
Zensar was also named a Challenger in Avasant’s Digital Masters Awards 2025.
Leadership Commentary
Manish Tandon, CEO and Managing Director, Zensar, said, “This quarter, we forged ahead as an organization… disciplined execution, paired with scaled Al talent and a deep commitment to crafting meaningful and lasting client experiences remains our priority.” He also announced the launch of ZenseAl, the company’s next-generation platform.
Pulkit Bhandari, CFO, Zensar, commented, “Our revenue reached $162.8 million in Q2FY26, marking a sequential growth of 0.5%. Our order book stood at $158.7M for the current quarter…highlighting our commitment to consistent profitability.”
Financial Metrics Snapshot (Q2 FY26)
- Revenue: $162.8 Mn
- EBITDA: 15.4%
- PAT: 12.8%
Zensar reported having 32 clients with more than $5M in revenue, 15 clients above $10M, and 6 clients above $20M.
Source: BSE