Q2 2025 Zensar Technologies Ltd Earnings Call Transcript

Oct 22, 2024 / 12:00PM GMT

Release Date Price: ₹656.45 (-3.71%)

Transcript

Key Points

Positve

Zensar Technologies Ltd (BOM:504067) reported its highest ever order book of $201.8 million, indicating strong client confidence.
The company achieved a quarterly year-over-year revenue growth of 4% and sequential QoQ growth of 1.2% in reported currency.
Zensar Technologies Ltd (BOM:504067) saw significant growth in its healthcare vertical, with an 8.6% increase in constant currency terms.
The company maintained a stable EBITDA margin of 15.4%, reflecting operational discipline.
Voluntary attrition improved to 10.1%, the lowest in recent years, indicating better employee retention.

Negative

The Telecom, Media, and Technology (TMT) vertical experienced a decline of 8.8%, impacting overall growth.
Gross margin dropped by 230 basis points QoQ, primarily due to wage hikes and lower utilization.
The company faced unseasonal furloughs in some TMT clients, affecting utilization rates.
There was a decline in application services and enterprise applications by 0.4% and advanced engineering services by 1.9%.
Zensar Technologies Ltd (BOM:504067) noted potential delays in discretionary spending due to geopolitical uncertainties.

Operator

Ladies and gentlemen, good day, and welcome to Zensar Technologies Q2 FY25 earnings conference call hosted by Motilal Oswal Financial Services Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Abhishek Pathak from Motilal Oswal Financial Services Limited. Thank you, and over to you, sir.

Abhishek Pathak

Motilal Oswal Financial Services Ltd - Analyst

Thank you. Good evening, everyone. On behalf of Motilal Oswal Securities, I welcome you all to the Zensar Technologies Q2 FY25 earnings call.

We have with us Mr. Manish Tandon, CEO and MD; and Mr. Putin Bhandari, the CFO of Zensar and a few other members from the senior management team. Before I hand over the call to Manish, I would like to highlight that the safe harbor statement on the second slide of the earnings presentation is assumed to be read and understood. Over to you, sir.

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