Zensar Technologies shares fell as much as 12.87 per cent on Wednesday after the Pune-based IT firm announced 2.9 per cent rise in consolidated net profit at Rs 71.54 crore for the December quarter. The company posted a net profit of Rs 69.5 crore in the year-ago period.
At 12.56 pm, Zensar Tech shares were trading 11.54 per cent down at Rs 833.50. The scrip opened at Rs 895 and had touched a high and low of Rs 895 and Rs 821, respectively, in trade so far. The scrip settled 11.25 per cent down at Rs 836.25.
Zensar saw its revenue increase by 5.5 per cent at Rs 756.8 crore in the quarter under review as against Rs 717.7 crore in the quarter ended December 31.
On standalone basis, the company reported modest 0.47 per cent rise in its net profit at Rs 46.63 crore for the quarter ended December 2015 as compared to Rs 46.41 crore for the same quarter in the previous year. Total income from operations of company increased by 6.61 per cent to Rs 309.10 crore for the quarter under review from Rs 289.93 crore for the corresponding quarter of the previous year.