Zensar Technologies Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Zensar Technologies' Q2 FY'26 earnings call revealed a 0.5% sequential revenue growth to $162.8 million. Strong performance in Banking/Financial Services (+5.6%) and Healthcare/Life Sciences (+3.9%) was offset by a 9.9% decline in Telecommunication, Media, and Technology (TMT), a trend management sees as secular due to industry CapEx shifts. EBITDA rose to 15.4%, driven by improved utilization and cost control, absorbing wage hikes. The order book reached $158.7 million, with 28% of bookings influenced by AI. Management is positive on the overall pipeline and committed to their AI strategy and mid-teen margins, despite TMT headwinds.