| Management target | Revenue 16.0% 2030 |
|---|
| Margins | Banking margins flat despite higher loan volumes. |
|---|---|
| Demand visibility | High demand for multi-rail payments and alternative lending. |
Growth
Projected card payments of ZAR 2.9Tn in 2025; online retail to exceed R150Bn by 2026.
Outlook
Open banking CAGR ~28.7% by 2030; embedded finance market projected to reach $5.55Bn by 2030.
Risks
Digital-banking fraud up 86%; SME credit gap exceeds R350Bn; significant regulatory pressure (COFI, POPIA).
Last quarter's promises, checked
Delivered
- EBITDA margin mid-teens → delivered 15.4% (= BEAT)
- Voluntary attrition below 10% → delivered 9.8% (= BEAT)
- Utilisation increase → delivered 84.8% up 50bps QoQ (= BEAT)
Partly delivered
- Absorb salary hike impact → delivered margin expansion but revenue growth stalled (= PARTIAL)
Missed
- Aspire for double-digit growth in FY26 → delivered 0.5% QoQ revenue (= MISS)
- TMT worst behind us (Q1 claim) → delivered -9.9% QoQ decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: ZENSARTECH. Summary written with AI assistance from the document.
Zensar Technologies Ltd: key numbers
- Share price
- ₹434.90
- Market cap
- ₹9,897 Cr
- Revenue (annual)
- ₹5,687 Cr
- Net profit (annual)
- ₹774.6 Cr
- P/E (TTM)
- 12.8×Sector 22.1×
- Promoter holding
- 48.99%-0.01% QoQ
- FII holding
- 10.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Zensar Technologies Ltd
All →Zensar Technologies Q1 FY27 Results: Net Profit ₹183.8 Cr, Up 1.0% YoY
Zensar Technologies Ltd reported revenue from operations of ₹1,508 Cr (+8.9% YoY) and net profit of ₹183.8 Cr (+1.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹183.8 Cr · +1.0% YoY
Zensar Technologies Earnings Call: Key Takeaways
Zensar reported FY26 revenue of $643.7M (+3.1% YoY) with a PAT margin of 13.5%. The company is pivoting toward an 'AI-Native' strategy for FY27 growth.