Zensar Technologies Limited · NSE:ZENSARTECH
Zensar Technologies — Q3 FY25 Earnings Presentation
28 slides from Zensar Technologies's earnings presentation, Jan 22, 2025
Slide 1: Exchange filing cover letter
January 22, 2025 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 Subjec
Slide 2: Zensar reports 8.6% YoY revenue growth for Q3FY25
Zensar reports 8.6% YoY revenue growth for Q3FY25 Pune, India, January 22, 2025: Zensar Technologies, a leading experience engineering and technology solutions company, announced its consolidated financial results for its third quarter, ending December 31, 2024, of the fiscal year 2024-2025. Key Hig
Slide 3: Awards and Recognitions in Q3FY25
• Implementation of Leads Management System for one of the largest financial service groups in South Africa • Guidewire implementation using advance designer product framework for an US Insurance firm Awards and Recognitions in Q3FY25: • Platinum Award for Leader of the Year 2024-25 in Sustainabilit
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 8.6% YoY revenue growth for Q3FY25
Zensar reports 8.6% YoY revenue growth for Q3FY25 Pune, India, January 22, 2025: Zensar Technologies, a leading experience engineering and technology solutions company, announced its consolidated financial results for its third quarter, ending December 31, 2024, of the fiscal year 2024-2025. Key Hig
Slide 6: Awards and Recognitions in Q3FY25
• Implementation of Leads Management System for one of the largest financial service groups in South Africa • Guidewire implementation using advance designer product framework for an US Insurance firm Awards and Recognitions in Q3FY25: • Platinum Award for Leader of the Year 2024-25 in Sustainabilit
Slide 7: Q3FY25 Revenue and Profitability snapshot
Q3FY25 Revenue and Profitability snapshot: Q3FY25 Growth Particulars Q-o-Q Y-o-Y USD Mn INR Mn USD INR CC USD INR CC Revenue 157.0 13,256 0.5% 1.3% 0.7% 8.6% 10.1% 7.5% EBITDA 24.5 2,069 2.0% 2.9% -1.9% -0.3% EBIT 21.7 1,833 6.0% 7.0% 2.3% 3.9% PAT 18.9 1,598 1.7% 2.6% -2.7% -1.2% Performance Highli
Slide 8: Income Statement (USD Mn)
Income Statement (USD Mn) Income Statement (USD Mn) Q3 FY 24 FY 24 Q2 FY 25 Q3 FY 25 Operating revenue 144.7 592.3 156.2 157.0 Sequential Growth -3.7% 1.2% 0.5% Year-Over-Year Growth -0.8% -2.0% 4.0% 8.6% Cost of revenue 99.7 404.0 112.3 109.8 Gross profit 45.0 188.3 43.9 47.2 Gross profit % of reve
Slide 9: Income Statement (INR Mn)
Income Statement (INR Mn) Income Statement (INR Mn) Q3 FY 24 FY 24 Q2 FY 25 Q3 FY 25 Operating revenue 12,041 49,019 13,080 13,256 Sequential Growth -3.0% 1.6% 1.3% Year-Over-Year Growth 0.5% 1.1% 5.4% 10.1% Cost of revenue 8,296 33,433 9,406 9,266 12,881 Gross profit 3,745 15,586 3,674 3,990 Gross
Slide 10: Other Metrics
Other Metrics Other Metrics Q3 FY 24 FY 24 Q2 FY 25 Q3 FY 25 Revenue By Service Offering (as % of Revenue) Digital Application Services 81.5% 81.6% 79.7% 79.5% Application Services + Enterprise Application (SaaS) 45.8% 47.3% 46.1% 45.5% Advanced Engineering Services 17.6% 16.4% 16.2% 17.3% Experienc
Slide 11: Other Metrics: Revenue from top clients
Other Metrics Q3 FY 24 FY 24 Q2 FY 25 Q3 FY 25 Revenue from top clients Revenue- top 5 clients 29.2% 30.7% 28.1% 27.5% Revenue- top 10 clients 40.6% 41.8% 42.0% 41.0% Revenue- top 20 clients 57.5% 58.3% 58.4% 56.8% Number of active clients 147 148 158 158 Onsite: Offshore (as % of Revenue) Revenue m
Slide 12: About Zensar and RPG Enterprises
zZensar We conceptualize, build, and manage digital products through experience design, data engineering, and advanced analytics for 145+ global clients. Our solutions leverage industry-leading platforms and help clients be competitive, agile, and disruptive as they navigate transformational changes
Slide 13: zZensar
zZensar The results of these assumptions made relying on available internal and external information are the basis for determining the carrying values of certain assets and liabilities. Since the factors underlying these assumptions are subject to change over time, the estimates on which they are ba
Slide 14: Analyst Presentation
Analyst Presentation Quarter ending December 31, 2024 Zensar Technologies Ltd.
Slide 15: 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 16: Q3FY25 snapshot
Q3FY25 snapshot Total Revenue $157.0M Wins $205.3M EBITDA% 15.6% $37.8 M YoY 20 bps QoQ 0.5% QoQ 8.6% YoY Attrition Cash 10.0% $269.2M 10 bps QoQ $14.2M QoQ www.zensar.com | © Zensar Technologies 2024 | Page 3
Slide 17: Vertical and Geography performance
Vertical and Geography performance Vertical highlights Geography highlights MCS HLS BFSI TMT USA UK/EU South Africa 6.5% 3.2% -1.3% -3.5% 0.2% 2.2% 1.5% QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc QoQ cc 13.8% 23.8% 11.1% -10.3% 10.6% 4.8% -4.8% YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc YoY cc 27.7% 1
Slide 18: Revenue and margin walk
Revenue and margin walk Revenue walk (in $M) 156.2M 2.7M 0.5M 157.0M -0.3M -1.2M -0.8M Exchange TMT BFSI MCS HLS Q2FY25 Impact Q3FY25 EBITDA walk (in % of revenue) 0.1% 0.9% 0.8% 15.4% 0.1% 15.6% -1.8% Exchange impact Volume and Higher Leave Operational SG&A Q2FY25 on GM Utilization Utilization Effi
Slide 19: Client and Revenue mix
Client and Revenue mix 34 32 32 Q3FY25 Q3FY24 Q2FY25 15 14 14 Q2FY25 Q3FY24 Q3FY25 Client mix 5 4 4 Q3FY25 Q3FY24 Q2FY25 $20M+ $10M+ $5M+ Q3FY24 29.2% Q3FY24 40.6% Q3FY24 57.5% Revenue mix Q2FY25 28.1% Q2FY25 42.0% Q2FY25 58.4% (% of total revenue) Q3FY25 27.5% Q3FY25 41.0% Q3FY25 56.8% Top 5 Client
Slide 20: Win momentum continues: Notable projects
Win momentum continues: Notable projects End-to-End Cloud and Infrastructure Guidewire implementation using services across the tech landscape for a advance designer product framework British retail banking firm for an US Insurance firm Optimization of SRE capabilities Logistics Application migratio
Slide 21: Case studies: Next-generation services bring business value
Case studies: Next-generation services bring business value Azure architecture design for a Infra services for a leading insurance Global Dispute Resolution Leader Embraces healthcare company company based out of UK IT Transformation to Revive Growth Customer faced challenges in scalability, flexib
Slide 22: Leadership structure
Leadership structure Manish Tandon CEO and MD Vijayasimha Alilughatta Pulkit Bhandari Vivek Ranjan Parag Jain Harish Lala Chief Operating Officer Chief Financial Officer CHRO Head Manufacturing and Consumer Head – Telecommunication , Services, and Growth Office Media and Technology, and Africa Prati
Slide 23: ESG updates
ESG updates Environment Social Governance Carbon emissions: Zensar commits to Happiness: Sustain Happiness Index Score Governance & compliance: reach Net-zero greenhouse gas emissions at 82 or more • 100% compliance for code of conduct across the value chain by FY45 as per Diversity and inclusion: C
Slide 24: Zensar's stock price and shareholding pattern
Zensar’s stock price and shareholding pattern Share Price Volume 25 825 20 750 INR 675 15 Millions 600 10 525 5 450 375 0 31-Dec-23 31-Jan-24 29-Feb-24 31-Mar-24 30-Apr-24 31-May-24 30-Jun-24 31-Jul-24 31-Aug-24 30-Sep-24 31-Oct-24 30-Nov-24 31-Dec-24 Shareholding Pattern Equity Share Information (a
Slide 25: RPG Group Update
RPG Group Update
Slide 26: RPG Group key financials
RPG Group key financials Revenue FY20-24 CAGR 12.1% Gross Total Income (In Cr.) EBITDA (In Cr.) PAT (INR Cr.) 38,823 35,456 29,207 26,160 24,546 2,594 3,009 2,520 2,642 4,063 1,111 1,379 966 863 1,815 FY20 FY21 FY22 FY23 FY24 www.zensar.com | © Zensar Technologies 2024 | Page 13
Slide 27: RPG Group key financials
RPG Group key financials Net Worth (Rs Cr.) ROE ROCE 12,742 13000 40.0% 11,113 11500 10,364 35.0% 9,677 10000 30.0% 8,369 8500 25.0% 7000 20.0% 5500 13.3% 14.2% 14.2% 9.4% 15.0% 4000 9.3% 2500 13.6% 13.3% 10.0% 10.9% 1000 8.6% 7.8% 5.0% -500 0.0% FY20 FY21 FY22 FY23 FY24 Market Cap (Rs Cr.) 70,288 G
Slide 28: Thank You
zensar Thank You An @RPG Company