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RPG group company Zensar Technologies has reported a 4.7 per cent dip in consolidated net profit for the second quarter ended September 30, 2014, as the company had benefited from strong appreciation in the rupee in the corresponding year ago quarter.
Net profit went down to ₹67.3 crore from ₹70.6 crore in the quarter ended September 30, 2013. On a sequential basis, net profit went up 20.3 per cent from ₹56 crore
On a year-on-year basis, revenue went up 9.8 per cent to ₹647.7 crore (₹589.7 crore)
“Our year-on-year results are not comparable, as we had a bumper Q2 last fiscal, wherein the rupee went to 64 from 56 vis-a-vis the dollar. However, business in doing well on all parameters,” Ganesh Natarajan, Vice-Chairman and Chief Executive Officer, told BusinessLine .
The company has added over 100 new staffers organically. In the quarter gone by, the company also completed the acquisition of US-based Professional Access.
Key markets“The India market has done very well for us, while the star markets for us continue to be the US and Europe. Our African business has also performed well with around 10 per cent sequential growth,” he said.
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