Zensar Tech Q4 profit falls

PUNE: Zensar Technologies’ PAT for the quarter ended March 31 has fallen by over half to Rs 9.56 crore from Rs 20 crore in the corresponding period of the previous year.

Net sales, however, increased to Rs 117.95 crore from Rs 104.39 crore in the year-ago period. For FY10, net profit stood at Rs 84.2 crore against Rs 60.5 crore in the year-ago period.

However, PAT for the quarter ended March 31 has fallen by over half to Rs 9.56 crore (Rs 20.01 crore), despite a rise in net sales to Rs 118 crore (Rs 104.4 crore). For FY10, net profit rose to Rs 84.2 crore (Rs 60.5 crore).

The board of directors have recommended a 55% dividend, amounting to Rs. 5.50 per share of face value Rs. 10 each.