Zensar Technologies (504067) Investor presentation summary

Financial performance and growth

• Achieved $643.7M in total revenue and maintained a net cash position of $319.5M in FY26.

• Order book reached $912.7M, with 36% influenced by AI initiatives.

• Gross margin improved by 220 bps YoY to 31.9%, and net profit margin stood at 13.5%.

• EBITDA margin was 16.0%, up 50 bps YoY.

• Dividend payout was 44% of EPS, with ₹15 per share declared for FY26.

Strategic focus and AI transformation

• Focused on transforming into an AI-native organization, embedding AI across platforms, services, and operations.

• Launched ZenseAI, a modular agentic AI platform, and developed domain-specific AI solutions for BFSI, insurance, healthcare, and manufacturing.

• Over 85% of workforce is AI-certified, with innovation driven by hackathons and partnerships.

• Strengthened alliances with major technology partners and expanded co-innovation initiatives.

• Enhanced verticalization and service line capabilities to win and execute large deals.

Market trends and industry context

• AI adoption is accelerating, but challenges remain in data governance and ROI.

• IT sector faces margin pressure from higher costs, client budget cuts, and offshore expansion.

• NASSCOM revised industry growth projections to $350B by 2030, with low single-digit growth rates.

• GCCs are proliferating, impacting traditional IT firms' market share.

• Nifty IT Index declined 25% in 2026, with firms heavily reliant on US revenues most affected.