Synopsis: Shares of one of the leading Indian IT companies were in focus after it secured a $210 million, 5.5-year AI-led framework deal from a global financial services major, strengthening long-term revenue visibility and growth prospects.
The shares of the IT firm that offers Application Management Service and Infrastructure Management Service, and mainly focus on industry verticals, such as Hitech & manufacturing, consumer services, and more, are in the spotlight after bagging $210M AI-Driven Framework Deal with a Leading Financial Giant.
With a market capitalisation of Rs. 13,176 cr, the shares of Zensar Technologies Ltd were trading at Rs. 582 per share, up from its previous close of Rs. 576.25 per share. The stock declined 33% over the past year, 17% year-to-date, 28% in the last six months, and 19% in the past month.
About the order
Zensar Technologies Limited has secured a large 5.5-year framework deal valued at $210 million (approx Rs. 1,900 cr) from a major global player in the financial services industry, marking a significant order win for the company. The contract has been received in the normal course of business and provides long-term revenue visibility over the next five and a half years.
Under this framework agreement, Zensar will play a strategic role in transforming the way work is delivered across the client’s enterprise. The engagement focuses on AI-led automation, aimed at improving operational efficiency, modernising systems, and fundamentally rethinking enterprise workflows.
Manish Tandon, CEO and Managing Director of Zensar, described the partnership as a pivotal milestone for the organization. He noted that the collaboration goes beyond conventional modernisation efforts, enabling the client’s transformation into a truly AI-native enterprise.
The engagement covers a broad spectrum of technical and professional services and reflects the strong confidence placed in Zensar’s capabilities. By combining advanced technologies with deep financial domain expertise, the partnership is set to drive a new phase of innovation, operational efficiency, and sustainable competitive advantage across the client’s operations.
Zensar is an experience-led digital engineering and technology services company. The company conceptualises, designs, engineers, markets, and manages digital solutions and experiences for more than 145 leading global enterprises. Guided by its 3Es that are experience, engineering, and engagement, Zensar combines technology, creativity, and insight to deliver measurable business impact.
The company reports a strong ROCE of 21.3% and ROE of 16.4%, supported by a very low debt-to-equity ratio of 0.03 and reduced debt levels. The stock trades at a P/E of 17.3, below the industry P/E of 22.9, and maintains a healthy dividend payout of 36.9%.
For Q3FY26, the company reported sales of Rs. 1,431 crore from Rs. 1,326 crore, marking an 8% YoY growth, while EBITDA rose 21% YoY to Rs. 250 crore from Rs. 207 crore. Net profit increased sharply by 25% YoY to Rs. 200 crore from Rs. 160 crore, supported by improved operational performance. EPS stood at Rs. 8.79 from Rs. 7.04, reflecting a 25% growth.
Segment-wise Revenue Performance
During the period, the Manufacturing and Consumer Services segment delivered a sequential QoQ revenue growth of 3.2%, although it recorded a YoY decline of 2.7% in reported currency. Banking and Financial Services saw a marginal QoQ decline of 0.4%, while achieving a strong YoY growth of 12.2%.
The Healthcare and Life Sciences segment reported a QoQ revenue decline of 2.5%, alongside a YoY growth of 5.2%. Meanwhile, Telecommunication, Media, and Technology experienced a sharper QoQ decline of 8.8% and a YoY decline of 11.6% in reported currency.
Geography-wise Revenue Performance
The US region recorded a sequential QoQ revenue decline of 3.0% and a marginal YoY decline of 0.4% in reported currency. In contrast, Europe delivered a QoQ growth of 1.2% along with a YoY growth of 6.1%, while the Africa region showed strong momentum with a QoQ increase of 2.8% and a YoY growth of 10.7% in reported currency. In Q3FY26, the company registered an orderbook of $180.2M, growth of 13.6% QoQ.
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