Zensar Technologies shares fell as much as 7.77 per cent on Monday after the company reported 1.89 per cent quarter-on-quarter (qoq) fall in its consolidated net profit figures at Rs 70.19 crore for the quarter ended March 2016. The mid-sized IT firm posted a net profit of Rs 71.54 crore in the sequential quarter ended December 2015.
At 1.46 pm, shares of Zensar Technologies were trading 4.90 per cent down at Rs 947.60. The scrip opened at Rs 925 and has touched a high and low of Rs 960.15 and Rs 919, respectively, in trade so far. Sensex was trading 196.77 points, or 0.76 per cent, down at 25,641.37.
Consolidated net sales of the company fell 1.38 per cent qoq to Rs 746.38 crore. Operating profit of Zensar Technologies also slid 12.36 per cent qoq to Rs 103.75 crore. During Oct-Dec 2015, the company posted net profit of Rs 118.38 crore.
For the entire 2015-16 fiscal, Zensar reported consolidated net profit of Rs 309.15 crore, up 16.84 per cent, against Rs 264.59 crore a year ago.