ZENSARTECHNSE22 January 2024

Zensar Technologies Limited has informed the Exchange about Investor Presentation

Zensar Technologies Limited

Date: January 22, 2024

BSE Limited Corporate Service Department, 01st Floor, P. J. Towers, Dalal Street, Mumbai 400 001

The National Stock Exchange of India Ltd. Exchange Plaza, 03rd floor, Plot No. C/1, ‘G’ block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Fax: (022) 2272 2039/2272 3121

Fax: (022) 26598237/26598238

Scrip ID: ZENSARTECH Scrip Code: 504067

Symbol: ZENSARTECH Series: EQ

Subject: Press Release and Investor update & Analyst Presentation

Dear Sir/Madam,

In continuation to our intimation titled “Outcome of Board Meeting held on January 22, 2024” and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release along with Investor update and Analyst presentation on the Financials Results of the Company for the period ended December 31, 2023.

You are requested to take note of the above.

Thanking you,

Yours sincerely, For Zensar Technologies Limited

Gaurav Tongia Company Secretary

Encl.: As above

CIN: L72200PN1963PLC012621

www.zensar.com

+(20) 6607 4000, 2700 4000

investor@zensar.com

Zensar Technologies Limited, Zensar Knowledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014

+(20) 6605 7888

•

Q3FY24 Revenue and Profitability snapshot:

Q3FY24

Growth

Particulars

USD Mn

INR Mn

Revenue

144.7

12,041

EBITDA

EBIT

PAT

24.9

21.2

19.4

2,076

1,764

1,617

Performance Highlights:

Q-o-Q

INR

-3.0%

-3.2%

USD

-3.7%

Y-o-Y

INR

0.5%

-1.3%

USD

-0.8%

-10.6%

-10.1%

51.8%

54.0%

-9.7%

-7.6%

-9.2%

-7.0%

104.4%

107.3%

108.6%

111.3%

Revenue (USD Mn)

145.9

147.5

149.3

150.2

144.7

EBITDA (%)

18.7%

18.6%

17.2%

14.5%

11.3%

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

PAT (%)

12.7%

14.0%

13.4%

9.8%

6.4%

MILLION DOLLAR CLIENTS

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

5M+ Clients

10M+ Clients

20M+ Clients

Income Statement (USD Mn)

Operating revenue

Sequential Growth Year-Over-Year Growth

Cost of revenue

Gross profit Gross profit % of revenue

Sequential Growth Year-Over-Year Growth

Sales and marketing expenses General and administration expenses Operating expenses % of revenue

Earnings before interest, tax, depreciation, and amortization (EBITDA) EBITDA % of revenue

Sequential Growth Year-Over-Year Growth

Q3 FY 23

FY23

Q2 FY 24

Q3 FY 24

145.9 -5.9% -0.9%

604.2

6.1%

150.2 0.6% -3.1%

144.7 -3.7% -0.8%

105.9

436.6

102.4

99.7

39.9 27.4% 1.7% -8.4%

11.4 12.1 23.5 16.1%

167.6 27.7%

-5.5%

43.6 55.6 99.2 16.4%

47.7 31.8% -4.9% 21.6%

8.5 11.3 19.8 13.2%

45.0 31.1% -5.7% 12.7%

9.3 10.7 20.0 13.9%

16.4

68.5

27.9

24.9

11.3% 24.4% -22.2%

11.3%

-22.2%

18.6% -0.3% 111.4%

17.2% -10.6% 51.8%

Depreciation and amortization

6.1

22.9

4.4

3.7

Earnings before interest and tax (EBIT) EBIT % of revenue

Sequential Growth Year-Over-Year Growth

Interest Exchange Gain/(Loss) Other income

Profit before tax % of revenue

Sequential Growth Year-Over-Year Growth

Provision for taxation

Profit after tax Profit after tax % of revenue Sequential Growth Year-Over-Year Growth

10.4 7.1% 47.8% -29.9%

0.9 0.9 2.3

12.6 8.6% 30.7% -25.1%

3.3

9.3 6.4% 31.2% -23.1%

45.6 7.5%

-27.9%

3.5 4.8 8.0

54.9 9.1%

-28.7%

14.4

40.5 6.7%

-27.5%

23.5 15.6% 2.8% 234.6%

0.7 0.0 4.4

27.2 18.1% 6.3% 182.2%

21.2 14.6% -9.7% 104.4%

0.8 0.7 4.3

25.5 17.6% -6.3% 102.3%

6.2

6.1

21.0 14.0% 10.6% 196.1%

19.4 13.4% -7.6% 108.6%

Income Statement (INR Mn)

Q3 FY 23

FY 23

Q2 FY 24 Q3 FY 24

Operating revenue

Sequential Growth Year-Over-Year Growth

Cost of revenue

Gross profit Gross profit % of revenue

Sequential Growth Year-Over-Year Growth

Sales and marketing expenses General and administration expenses Operating expenses % of revenue

Earnings before interest, tax, depreciation and amortization (EBITDA) EBITDA % of revenue

Sequential Growth Year-Over-Year Growth

11,976 -3.0% 8.6%

48,482

14.2%

12,408 1.1% 0.5%

12,041 -3.0% 0.5%

8,699

35,000

8,463

8,296

3,277 27.4% 4.7% 0.3%

933 995 1,928 16.1%

13,482 27.8%

2.0%

3,546 4,414 7,960 16.4%

3,946 31.8% -4.4% 26.1%

702 935 1,637 13.2%

1,349

5,523

2,309

11.3% 27.8% -14.9%

11.4%

-15.9%

18.6% 0.4% 118.9%

3,745 31.1% -5.1% 14.3%

777 892 1,669 13.9%

2,076

17.2% -10.1 54.0%

Depreciation and amortization

497

1,830

366

312

Earnings before interest and tax (EBIT) EBIT % of revenue

Sequential Growth Year-Over-Year Growth

Interest Exchange Gain/(Loss) Other income

Profit before tax % of revenue

Sequential Growth Year-Over-Year Growth

Provision for taxation

Profit after tax Profit after tax % of revenue Sequential Growth Year-Over-Year Growth

851 7.1% 51.3% -23.4%

76 71 188

1,035 8.6% 34.2% -18.1%

3,693 7.6%

-21.7%

279 385 643

4,441 9.2%

-22.6%

1,944 15.7% 3.5% 245.5%

57 0 363

2,249 18.1% 7.0% 191.8%

1,764 14.7% -9.2% 107.3%

64 60 360

2,121 17.6% -5.7% 105.0%

270

1,165

510

504

765 6.4% 34.7% -15.9%

3,275 6.8%

-21.3%

1,739 14.0% 11.3% 206.3%

1,617 13.4% -7.0% 111.3%

Other Metrics

Q3 FY 23

FY 23

Q2 FY 24

Q3 FY 24

Revenue By Service Offering (as % of Revenue) Digital Application Services Application Services + Enterprise Application (SaaS) Advanced Engineering Services Experience Services Data Engineering and Analytics Digital Foundation Services

Revenue By External Vertical (as % of Revenue) Hitech Manufacturing & Consumer Services Banking & Financial Services Healthcare & Life Sciences

Revenue By Geographical Segment (as % of Revenue) US Europe Africa

Operating revenue (Constant Currency USD Mn) Sequential Growth Year-Over-Year Growth

Constant Currency Growth By External Vertical (QoQ %) Hitech Manufacturing & Consumer Services Banking & Financial Services Healthcare & Life Sciences

Number of million dollar Clients (LTM Revenue) 1 Million dollar + 5 Million dollar + 10 Million dollar + 20 Million dollar +

80.7% 47.3% 13.9% 9.8% 9.7% 19.3%

29.4% 24.5% 35.0% 11.1%

70.0% 18.7% 11.3%

146.8 -5.3% 3.6%

81.4% 49.1% 13.7% 9.6% 8.9% 18.6%

30.8% 24.9% 34.3% 10.0%

70.7% 18.1% 11.2%

628.0 10.3% 10.3%

-12.6% -6.2% -1.4% 7.0%

-2.0% 5.9% 29.5% 6.5%

87 28 15 4

84 29 14 4

81.8% 47.8% 16.5% 9.1% 8.4% 18.2%

27.2% 25.9% 37.3% 9.6%

66.1% 21.6% 12.3%

149.7 0.2% -3.4%

-8.0% 6.7% 3.1% -1.5%

84 29 14 4

81.5% 45.8% 17.6% 9.4% 8.6% 18.5%

25.9% 26.1% 38.6% 9.4%

66.0% 21.4% 12.5%

145.4 -3.2% -1.3%

-8.0% -1.9% 0.1% -5.6%

84 32 14 4

Other Metrics Revenue from top clients Revenue- top 5 clients Revenue- top 10 clients Revenue- top 20 clients

Number of active clients

Onsite:Offshore (as % of Revenue) Revenue mix Onsite Offshore

Utilization (excluding Trainees) Utilization (excluding Trainees)

Headcount Total Headcount Technical - Onsite Technical - Offshore

Q3 FY 23

FY 23

Q2 FY 24

Q3 FY 24

31.9% 44.7% 61.3%

33.2% 44.6% 60.8%

31.5% 42.2% 58.3%

29.2% 40.6% 57.5%

148

147

55.3% 44.7%

56.1% 43.9%

50.9% 49.1%

50.4% 49.6%

77.6%

81.4%

83.1%

80.7%

10,845 2,201 7,656

10,563 2,141 7,497

10,330 2,076 7,315

10,225 2,074 7,255

Gross employees added during the period

593

3,559

643

627

% of women employees

30.2%

30.0%

30.2%

Voluntary Attrition %(LTM)

22.8%

19.8%

13.1%

12.0%

Exchange Rates (Rupee Dollar Rate) Period Closing Rate Period Average Rate

Accounts receivables (in days) Billed Unbilled Total

Summary of Cash and Cash Equivalents (USD Mn) Cash and bank balances Investments Cash and Cash Equivalents including investments

82.7 82.1

82.2 80.3

83.0 82.6

83.2 83.2

57 23 80

52 22 74

51 28 79

51 24 75

106.3 73.1 179.4

88.6 112.9 201.5

102.2 125.0 227.1

96.3 152.0 248.3

Debt (USD Mn)

Total Outstanding Hedges (USD Mn)

169.5

173.7

289.1

313.7

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15,148

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Zensar Technologies Limited has informed the Exchange about Investor Presentation

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