Zensar Technologies (504067) Q4 99/00 earnings summary

Executive summary

• FY ended 31 Mar 2000: standalone income was Rs 6,714.94 lakh and profit after tax Rs 1,174.70 lakh; consolidated revenue was Rs 18,823.48 lakh and consolidated PAT Rs 1,777.25 lakh.

• Standalone income increased YoY, while standalone PBT and PAT declined; consolidated revenue was higher than the prior year, with consolidated profit also lower.

Financial highlights

• Standalone income from services reached Rs 6,512.48 lakh vs Rs 5,706.53 lakh; other income was Rs 202.46 lakh vs Rs 277.00 lakh.

• Standalone PBT was Rs 1,281.42 lakh vs Rs 1,927.77 lakh; tax was Rs 106.72 lakh vs Rs 9.72 lakh; PAT was Rs 1,174.70 lakh vs Rs 1,918.05 lakh.

• Consolidated revenue was Rs 18,823.48 lakh vs Rs 14,563.70 lakh; PBT was Rs 2,332.72 lakh vs Rs 2,943.41 lakh; PAT was Rs 1,777.25 lakh vs Rs 2,585.53 lakh.

• Zensar Technologies, Inc. revenue was $35.84m vs $29.25m; operating income was $2.57m vs $2.37m and net income was $1.59m vs $1.57m.

Segment performance

• Revenue growth was 12.2% for Indian operations and 25.8% for U.S. operations; Singapore revenue declined 19.4% YoY.

• U.S. subsidiary foreign operations generated $12.27m revenue and $0.79m net income, compared with $13.91m and $0.99m in FY1999.

• Singapore subsidiary reported profit after tax of S$11,464 for FY2000; its activities remained software development, maintenance and consultancy services.