Zensar Tech shares plunge 5% on disappointing Q4 profit

Shares of software services firm Zensar Technologies ended the day with 5 per cent loss after the company reported decline in consolidated net profit for March quarter.
The stock dropped by 5.06 per cent to settle at Rs 946 on BSE. Intra-day, it dipped 7.77 per cent to Rs 919.
At NSE, shares of the firm plunged 4.81 per cent to end at Rs 950.25.
Zensar Tech on Friday reported a marginal dip in consolidated net profit at Rs 70.67 crore for the March quarter, weighed down by lower revenue from its maintenance services business.
The Pune-headquartered firm had posted a net profit of Rs 71.80 crore in the year-ago period.

Its consolidated revenue rose by 12.4 per cent to Rs 751.39 crore in the January-March quarter last fiscal from Rs 668.09 crore in the same quarter of 2014-15.
For the entire fiscal, Zensar reported a net profit of Rs 311.90 crore and revenue at Rs 2,978.04 crore.