Slide 1: Exchange cover letter: Press Release, Analyst and Investor Presentation
January 22, 2026 BSE Limited The National Stock Exchange of India Ltd. Corporate Service Department, Exchange Plaza, 5th floor, 1st Floor, P. J. Towers, Plot No. C/1, ‘G’ block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai 400 051 Scrip Code: 504067 Symbol: ZENSARTECH Sub.:
Slide 2: Zensar registered 2.2% YoY revenue growth in reported currency for Q3FY26
Zensar registered 2.2% YoY revenue growth in reported currency for Q3FY26 Pune, India, January 22, 2026: Zensar Technologies, a leading Experience, Engineering and Engagement solutions company, announced its consolidated financial results for its third quarter, ending December 31, 2025, of the fisca
Slide 3: CFO commentary, significant wins and awards in Q3FY26
Pulkit Bhandari, CFO, Zensar, commenting on the Q3FY26 performance, said, “Our disciplined margin optimizing approach enabled us to deliver a robust 17.4% EBITDA and 13.9% PAT margin. With seasonal furloughs, Zensar reported revenue for Q3FY26 at $160.5M, a sequential degrowth of 1.4%. Our order boo
Slide 4: EcoVadis Silver rating and IWEI recognition
• Zensar achieved a Silver rating from EcoVadis Sustainability Rating, reflecting strong performance in environmental, social, ethical, and sustainable procurement practices. • Zensar earned Bronze recognition for its commitment to LGBTQ+ inclusion and workplace equality by the India Workplace Equal
Slide 5: About Zensar and RPG Enterprises
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 tr
Slide 6: Zensar registered 2.2% YoY revenue growth in reported currency for Q3FY26
Zensar registered 2.2% YoY revenue growth in reported currency for Q3FY26 Pune, India, January 22, 2026: Zensar Technologies, a leading Experience, Engineering and Engagement solutions company, announced its consolidated financial results for its third quarter, ending December 31, 2025, of the fisca
Slide 7: Analyst Presentation: Quarter ending December 31, 2025
Analyst Presentation Quarter ending December 31, 2025 www.zensar.com www.zensar.com | © Zensar Technologies 2026 | Page 1
Slide 8: 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 9: Q3FY26 snapshot
Q3FY26 snapshot Total Revenue $160.5M EBITDA% 17.4% Gross Margin% 33.7% 1.4% QoQ 200 bps QoQ 270 bps QoQ 2.2% YoY Order book Attrition $180.2M 9.5% 13.6% QoQ 30 bps QoQ www.zensar.com www.zensar.com | © Zensar Technologies 2026 | Page 3
Slide 10: Vertical and Geography performance
Vertical and Geography performance Vertical highlights Geography highlights MCS TMT HLS BFSI USA UK/EU South Africa 3.4% -8.7% -2.3% -0.3% -2.8% 2.6% 0.3% QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc -3.8% -12.2% 5.3% 11.0% -0.1% 3.2% 6.2% YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc 26.4% 1
Slide 11: Client and Revenue mix
Client and Revenue mix 34 Q3FY25 32 31 Q2FY26 Q3FY26 14 15 15 Q2FY26 Q3FY26 Q3FY25 Client mix 6 6 5 Q2FY26 Q3FY26 Q3FY25 $20M+ $10M+ $5M+ Q3FY25 27.5% Q3FY25 41.0% Q3FY25 56.8% Revenue mix Q2FY26 27.0% Q2FY26 40.5% Q2FY26 57.1% (% of total revenue) Q3FY26 25.5% Q3FY26 39.1% Q3FY26 56.5% Top 5 Client
Slide 12: Revenue and margin walk
Revenue and margin walk Revenue walk (in $M) 162.8M -0.2M -2.8M -0.2M 1.4M -0.4M 160.5M Exchange TMT BFSI MCS HLS Q2FY26 Impact Q3FY26 EBITDA walk (in % of revenue) 1.4% 1.0% 0.7% -0.9% 0.7% -1.0% 17.4% 15.4% Exchange Higher Offshore Impact of Higher Leave Other Operational ESOPs impact effort Furlo
Slide 13: Win momentum: AI projects
Win momentum : AI projects Agentic AI partner to automate Business AI-Native Investigation Product Development Process reducing manual effort for a US- for police investigations for a US-based based cybersecurity Organization Organization Driving productivity through AI-powered Conversational-AI enh
Slide 14: Case studies: AI at Work: Driving Strategic Business Value
Case studies: AI at Work: Driving Strategic Business Value AI-driven Call Centre Transformation for a Anomaly Detection in FX Treasury Data for AI-Driven Migration and Risk Analysis for a Global Satellite Service Provider a US-based Financial Services Company Global Financial Services Leader A globa
Slide 15: 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 16: 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 17: Zensar's stock price and shareholding pattern
Zensar’s stock price and shareholding pattern Share Price Volume 25 900 20 825 Millions 750 15 INR 675 10 600 5 525 450 0 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 31-Oct-25 30-Nov-25 31-Dec-25 Shareholding Pattern Equity Share Information (a
Slide 18: RPG Group Update
RPG Group Update www.zensar.com www.zensar.com | © Zensar Technologies 2026 | Page 12
Slide 19: RPG Group key financials
RPG Group key financials Revenue FY21-25 CAGR 13.0% Gross Total Income (Rs Cr.) EBITDA (Rs Cr.) PAT (Rs Cr.) 42,633 38,823 35,456 29,207 26,160 3,009 4,064 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 2026 | Page 13
Slide 20: 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 21: Thank You
Thank You www.zensar.com www.zensar.com | © Zensar Technologies 2026 | Page 15
Slide 22: CFO commentary, significant wins and awards in Q3FY26
Pulkit Bhandari, CFO, Zensar, commenting on the Q3FY26 performance, said, “Our disciplined margin optimizing approach enabled us to deliver a robust 17.4% EBITDA and 13.9% PAT margin. With seasonal furloughs, Zensar reported revenue for Q3FY26 at $160.5M, a sequential degrowth of 1.4%. Our order boo
Slide 23: EcoVadis Silver rating and IWEI recognition
• Zensar achieved a Silver rating from EcoVadis Sustainability Rating, reflecting strong performance in environmental, social, ethical, and sustainable procurement practices. • Zensar earned Bronze recognition for its commitment to LGBTQ+ inclusion and workplace equality by the India Workplace Equal
Slide 24: Q3FY26 Revenue and Profitability snapshot
Q3FY26 Revenue and Profitability snapshot: Q3FY26 Growth Particulars Q-o-Q Y-o-Y USD Mn INR Mn USD INR CC USD INR CC Revenue 160.5 14,307 -1.4% 0.7% -1.3% 2.2% 7.9% 1.3% EBITDA 27.9 2,500 11.4% 13.6% 14.2% 20.8% EBIT 25.7 2,296 15.5% 17.9% 18.4% 25.3% PAT 22.3 1,998 7.4% 9.6% 18.2% 25.0% Performance
Slide 25: Income Statement (USD Mn)
Income Statement (USD Mn) Income Statement (USD Mn) Q3 FY 25 FY 25 Q2 FY 26 Q3 FY 26 Operating revenue 157.0 624.5 162.8 160.5 Sequential Growth 0.5% 0.5% -1.4% Year-Over-Year Growth 8.6% 5.4% 4.2% 2.2% Cost of revenue 109.8 439.0 112.4 106.4 Gross profit 47.2 185.5 50.4 54.1 Gross profit % of reven
Slide 26: Income Statement (INR Mn)
Income Statement (INR Mn) Income Statement (INR Mn) Q3 FY 25 FY 25 Q2 FY 26 Q3 FY 26 Operating revenue 13,256 52,806 14,213 14,307 Sequential Growth 1.3% 2.6% 0.7% Year-Over-Year Growth 10.1% 7.7% 8.7% 7.9% Cost of revenue 9,266 37,111 9,801 9,475 Gross profit 3,990 15,695 4,412 4,832 Gross profit %
Slide 27: Other Metrics
Other Metrics Other Metrics Q3 FY 25 FY 25 Q2 FY 26 Q3 FY 26 Revenue By Service Offering (as % of Revenue) Digital Application Services 79.5% 80.0% 77.8% 77.8% Application Services 33.2% 33.6% 32.0% 31.0% Enterprise Application (SaaS) 12.3% 12.3% 11.8% 11.6% Products & Platforms incl. CMO services*
Slide 28: Other Metrics: Revenue from top clients
Other Metrics Q3 FY 25 FY 25 Q2 FY 26 Q3 FY 26 Revenue from top clients Revenue- top 5 clients 27.5% 27.7% 27.0% 25.5% Revenue- top 10 clients 41.0% 41.3% 40.5% 39.1% Revenue- top 20 clients 56.8% 57.3% 57.1% 56.5% Number of active clients 158 166 171 176 Onsite: Offshore (as % of Revenue) Revenue m
Slide 29: About Zensar and RPG Enterprises
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 tr