Zensar Technologies April-June Profit Up On Quarter, To Set Up Unit In Serbia

Zensar Technologies Ltd.’s consolidated net profit for the June quarter rose 3.2% sequentially to ₹1.82 billion, while revenue from operations increased 1.9% to ₹13.85 billion. On a year-on-year basis, profit rose 15.3% and revenue was up 7.5%.

Other income increased to ₹567 million from ₹460 million in the March quarter. Total expenditure rose to ₹12.01 billion, with finance cost down to ₹36 million. Tax expense stood at ₹586 million.

The board has given in-principle approval to set up a new entity in Serbia—either directly or through a joint venture. The unit will operate in the software and allied services space.