Slide 1: Cover letter to BSE and NSE
October 31, 2025 BSE Limited National Stock Exchange of India Limited Corporate Service Department, Exchange Plaza, Bandra Kurla Complex, 1st Floor, P. J. Towers, Bandra (E), Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code: 504067 Symbol: ZENSARTECH Sub.: Press Release, Analyst and Investor P
Slide 2: Zensar reports 4.2% YoY revenue growth in reported currency for Q2FY26
Zensar reports 4.2% YoY revenue growth in reported currency for Q2FY26 Pune, India, October 31, 2025: Zensar Technologies, a leading Experience, Engineering and Engagement solutions company, announced its consolidated financial results for its second quarter, ending September 30, 2025, of the fiscal
Slide 3: Significant Wins in Q2FY26
Significant Wins in Q2FY26: • Legacy Modernization in Treasury & Risk through Gen AI Integration for a global FinTech Company • Gen AI-powered documentation and mood-based content discovery for a leading African Retail Company • AI-powered defect detection system to improve quality control processes
Slide 4: Safe Harbor
Safe Harbor Certain statements in this release concerning our future prospects are forward-looking statements that involve a number of underlying identified/non-identified risks and uncertainties that could cause actual results to differ materially. This release and other statements—written and oral
Slide 5: Zensar reports 4.2% YoY revenue growth in reported currency for Q2FY26
Zensar reports 4.2% YoY revenue growth in reported currency for Q2FY26 Pune, India, October 31, 2025: Zensar Technologies, a leading Experience, Engineering and Engagement solutions company, announced its consolidated financial results for its second quarter, ending September 30, 2025, of the fiscal
Slide 6: Significant Wins in Q2FY26
Significant Wins in Q2FY26: • Legacy Modernization in Treasury & Risk through Gen AI Integration for a global FinTech Company • Gen AI-powered documentation and mood-based content discovery for a leading African Retail Company • AI-powered defect detection system to improve quality control processes
Slide 7: Q2FY26 Revenue and Profitability snapshot
Q2FY26 Revenue and Profitability snapshot: Q2FY26 Growth Particulars Q-o-Q Y-o-Y USD Mn INR Mn USD INR CC USD INR CC Revenue 162.8 14,213 0.5% 2.6% 0.0% 4.2% 8.7% 3.4% EBITDA 25.1 2,200 2.2% 4.5% 4.5% 9.4% EBIT 22.2 1,948 1.6% 3.9% 8.6% 13.7% PAT 20.8 1,822 -2.0% 0.1% 11.9% 17.0% Performance Highlig
Slide 8: Income Statement (USD Mn)
Income Statement (USD Mn) Income Statement (USD Mn) Q2 FY 25 FY 25 Q1 FY 26 Q2 FY 26 Operating revenue 156.2 624.5 162.0 162.8 Sequential Growth 1.2% 3.3% 0.5% Year-Over-Year Growth 4.0% 5.4% 4.9% 4.2% Cost of revenue 112.3 439.0 112.6 112.4 Gross profit 43.9 185.5 49.3 50.4 Gross profit % of revenu
Slide 9: Income Statement (INR Mn)
Income Statement (INR Mn) Income Statement (INR Mn) Q2 FY 25 FY 25 Q1 FY 26 Q2 FY 26 Operating revenue 13,080 52,806 13,850 14,213 Sequential Growth 1.6% 1.9% 2.6% Year-Over-Year Growth 5.4% 7.7% 7.5% 8.7% Cost of revenue 9,406 37,111 9,627 9,801 ` Gross profit 3,674 15,695 4,223 4,412 Gross profit
Slide 10: Other Metrics
Other Metrics Other Metrics Q2 FY 25 FY 25 Q1 FY 26 Q2 FY 26 Revenue By Service Offering (as % of Revenue) Digital Application Services 79.7% 80.0% 78.9% 77.8% Application Services 33.5% 33.6% 31.1% 32.0% Enterprise Application (SaaS) 12.6% 12.3% 12.3% 11.8% Products & Platforms incl. CMO services*
Slide 11: Other Metrics
Other Metrics Q2 FY 25 FY 25 Q1 FY 26 Q2 FY 26 Revenue from top clients Revenue- top 5 clients 28.1% 27.7% 27.2% 27.0% Revenue- top 10 clients 42.0% 41.3% 41.4% 40.5% Revenue- top 20 clients 58.4% 57.3% 57.6% 57.1% Number of active clients 158 166 166 171 Onsite: Offshore (as % of Revenue) Revenue m
Slide 12: About Zensar
About Zensar (www.zensar.com ) We conceptualize, build, and manage digital products through experience design, data engineering, and advanced analytics for 170+ global clients. Our solutions leverage industry-leading platforms and help clients be competitive, agile, and disruptive as they navigate t
Slide 13: Analyst Presentation
Analyst Presentation Quarter ending September 30, 2025 Zensar Technologies Ltd. www.zensar.com www.zensar.com | © Zensar Technologies 2025 | Page 1
Slide 14: Safe Harbor
Safe Harbor Certain statements in this release concerning our future prospects are forward-looking statements which involve a number of underlying identified/non identified risks and uncertainties that could cause actual results to differ materially. This release and other statements – written and o
Slide 15: Q2FY26 snapshot
Q2FY26 snapshot Total Revenue $162.8M EBITDA% 15.4% Gross Margin% 31.0% 0.5% QoQ 20 bps QoQ 50 bps QoQ 4.2% YoY Utilization Attrition 84.8% 9.8% 50 bps QoQ No change www.zensar.com www.zensar.com | © Zensar Technologies 2025 | Page 3
Slide 16: Vertical and Geography performance
Vertical and Geography performance Vertical highlights Geography highlights BFSI TMT HLS MCS USA UK/EU South Africa 4.8% -10.2% 3.9% -0.6% -1.8% 4.0% 3.3% QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc 10.0% -7.1% 11.4% -1.1% 3.0% 2.8% 7.4% YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc 43.6% 20
Slide 17: Client and Revenue mix
Client and Revenue mix 32 32 32 Q2FY25 Q1FY26 Q2FY26 15 16 15 Q1FY26 Q2FY25 Q2FY26 Client mix 6 6 4 Q1FY26 Q2FY26 Q2FY25 $20M+ $10M+ $5M+ Q2FY25 28.1% Q2FY25 42.0% Q2FY25 58.4% Revenue mix Q1FY26 27.2% Q1FY26 41.4% Q1FY26 57.6% (% of total revenue) Q2FY26 27.0% Q2FY26 40.5% Q2FY26 57.1% Top 5 Client
Slide 18: Win momentum: AI projects
Win momentum : AI projects Legacy Modernization in Treasury & Risk WhatsApp-integrated Gen AI chatbot to enhance through Gen AI Integration for a global conversational intelligence for a major player in FinTech Company global Aviation IT industry Gen AI-powered documentation and mood- Payments chann
Slide 19: Case studies: AI at Work: Driving Strategic Business Value
Case studies: AI at Work: Driving Strategic Business Value Fraud/Risk mitigation in Claims with AI/ML- Automated AI/ML solution to Detect AI-Driven Modernization of Legacy CM based fraud scoring model for a Global Merchant Category Code (MCC) for a platform for a Global Retail Company Insurance Co
Slide 20: Leadership structure
Leadership structure Manish Tandon CEO and MD Parag Jain Vijayasimha Alilughatta Pulkit Bhandari Vivek Ranjan Kaushik Chatterjee Head - Manufacturing and Consumer Chief Operating Officer Chief Financial Officer Chief Human Resources Officer Head - Africa Services, and Growth Office Harish Lala Prati
Slide 21: ESG goals
ESG goals Environment Social Governance Carbon emissions: Zensar commits to reach Happiness: Sustain Happiness Index Score Governance & compliance: Average Net-zero greenhouse gas emissions across the at 82 or more 95% or higher Code of Conduct training value chain by FY45 as per targets approved by
Slide 22: Zensar's stock price and shareholding pattern
Zensar’s stock price and shareholding pattern Share Price Volume 25 Millions 900 20 825 750 15 INR 675 10 600 5 525 450 0 30-Sep-24 31-Oct-24 30-Nov-24 31-Dec-24 31-Jan-25 28-Feb-25 31-Mar-25 30-Apr-25 31-May-25 30-Jun-25 31-Jul-25 31-Aug-25 30-Sep-25 Shareholding Pattern Equity Share Information (a
Slide 23: RPG Group Update
RPG Group Update www.zensar.com www.zensar.com | © Zensar Technologies 2025 | Page 11
Slide 24: RPG Group key financials
RPG Group key financials Revenue FY21-25 CAGR 13.0% Gross Total Income (In Cr.) EBITDA (In Cr.) PAT (INR Cr.) 42,633 38,823 35,456 29,207 26,160 3,009 4,063 4,213 2,520 2,642 2,004 1,379 966 863 1,815 FY21 FY22 FY23 FY24 FY25 www.zensar.com www.zensar.com | © Zensar Technologies 2025 | Page 12
Slide 25: RPG Group key financials
RPG Group key financials Net Worth (Rs Cr.) ROE ROCE 16000 15,077 40.0% 14000 12,742 35.0% 12000 11,113 30.0% 10,364 9,677 10000 25.0% 8000 14.1% 13.2% 14.1% 20.0% 14.2% 14.2% 13.3% 6000 9.3% 15.0% 13.5% 7.8% 4000 11.0% 10.7% 10.0% 13.5% 13.3% 12.1% 2000 8.6% 9.5% 5.0% 0 0.0% FY21 FY22 FY23 FY24 FY2
Slide 26: Thank You
Thank You www.zensar.com www.zensar.com | © Zensar Technologies 2025 | Page 14