Interim report
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Zensar Technologies Limited, Zensar Knowledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014 www.zensar.com investor@zensar.com CIN: L72200PN1963PLC012621 +(20) 6607 4000, 2700 4000 +(20) 6605 7888 January 22, 2026 BSE Limited Corporate Service Department, 01st Floor, P. J. Towers, Dalal Street, Mumbai 400 001 Scrip Code: 504067 The National Stock Exchange of India Ltd. Exchange Plaza, 3rd floor, Plot No. C/1, ‘G’ block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051 Symbol: ZENSARTECH Sub: Outcome of Board Meeting held on January 22, 2026 Dear Sir/Madam, This is to inform you that the Meeting of Board of Directors (Board) of the Company held today, which commenced at 05:00 PM (IST) and concluded at 09:00 PM (IST), inter-alia, unanimously approved/consented to/took on record, the following: 1. Unaudited Financial Results: Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended December 31, 2025, together with the respective Limited Review Report(s) issued by the Statutory Auditors of the Company are enclosed herewith. 2. Interim Dividend: The Board of Directors declared an interim dividend of INR 2.40 (i.e. 120%) per Equity Share of INR 2.00 each of the Company and the interim dividend shall be paid to the Members on or before Tuesday, February 17, 2026, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Thursday, January 29, 2026, which is the Record Date fixed for the purpose. This is for your information. Thanking you, Yours sincerely, For Zensar Technologies Limited Anand Daga Company Secretary Encl.: As above
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₹ in Million except earnings per share Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from operations 7,014 6,734 5,592 19,970 16,450 22,261 2 Other income (net) 723 619 802 2,292 2,442 3,031 3 7,737 7,353 6,394 22,262 18,892 25,292 4 2 1 - 7 - - 4,347 4,421 3,810 12,889 11,168 14,969 531 387 119 1,246 348 548 5 19 20 43 78 110 76 118 99 294 386 488 446 457 479 1,375 1,397 1,832 5,407 5,403 4,527 15,854 13,377 17,947 5 2,330 1,950 1,867 6,408 5,515 7,345 6 Exceptional item - Statutory impact of new Labour Codes (refer note 5) 239 - - 239 - - 7 Profit before tax (5-6) 2,091 1,950 1,867 6,169 5,515 7,345 8 a. Current tax 426 412 306 1,220 969 1,248 b. Deferred tax 43 10 29 81 65 149 9 1,622 1,528 1,532 4,868 4,481 5,948 10 45 (20) 13 32 (11) 3 4 - 380 4 (96) (53) 49 (20) 393 36 (107) (50) 11 1,671 1,508 1,925 4,904 4,374 5,898 12 453 455 454 453 454 454 13 30,527 14 7.14 6.73 6.76 21.43 19.76 26.22 7.04 6.65 6.70 21.18 19.62 26.03 Notes : 1 2 3 4 5 For and on behalf of the Board Manish Tandon Mumbai CEO and Managing Director Date: January 22, 2026 DIN:07559939 e. Depreciation and amortisation expense Other comprehensive income/(loss), net of income tax Total other comprehensive income/(loss), net of income tax Net profit after tax for the period (7-8) Tax expense B. Items that will be reclassified to profit or loss A. Items that will not be reclassified to profit or loss Total expenses Earnings per share (Face value ₹ 2 each) (not annualised): Profit before exceptional item and tax (3-4) b) Diluted The Board of Directors at its meeting held on January 22, 2026 declared an interim dividend of ₹ 2.40 per equity share of the Company for the Financial Year 2025-26. The Record Date for the aforesaid interim dividend will be January 29, 2026. These unaudited results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting”(“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under as amended from time to time. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at their meetings held on January 22, 2026. Other equity excluding revaluation reserves as per balance sheet The Company publishes these standalone financial results along with the consolidated financial results. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the consolidated financial results. Paid-up equity share capital (Face value ₹ 2 each) Total comprehensive income for the period (9+10) On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available and guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact as "Statutory impact of new Labour Codes" under "Exceptional Items" in the interim standalone statement of profit and loss for the period ended December 31, 2025. The incremental impact on provisions for employee benefits expenses of ₹ 239 Million primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued/rules are notified. Zensar Technologies Limited Registered Office : Zensar Knowledge Park, Kharadi, Plot # 4 , MIDC, Off Nagar Road, Pune - 411014, India. CIN: L72200PN1963PLC012621 Statement of Standalone Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2025 Expenses Total Income Particulars Nine Months EndedQuarter Ended d. Finance costs a) Basic The Company has also created Zensar Employees Welfare Trust (the ‘ESOP Trust’) for providing share-based payments, as a vehicle for distributing shares to employees under Employee Stock Option Scheme 2025. The Company has treated ESOP Trust as its extension. As at December 31, 2025, ESOP Trust has acquired 781,257 Equity shares from open market. Shares held by the ESOP Trust are treated as Treasury Shares. The paid-up Equity Share Capital has been disclosed net of Treasury Shares and while computing the basic and diluted earnings per share, the weighted average number of equity shares held by trust have been reduced. a. Purchase of traded goods b. Employee benefits expense c. Subcontracting costs f. Other expenses
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₹ in Million except earnings per share Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from operations 14,307 14,213 13,256 42,370 39,217 52,806 2 Other income (net) 631 491 307 1,689 1,142 1,602 3 14,938 14,704 13,563 44,059 40,359 54,408 4 78 119 168 275 383 530 8,953 9,252 8,463 26,966 25,051 33,904 1,862 1,839 1,597 5,555 4,860 6,482 23 37 37 96 124 173 203 252 237 686 781 1,019 915 803 958 2,769 2,881 3,723 12,034 12,302 11,460 36,347 34,080 45,831 5 2,904 2,402 2,103 7,712 6,279 8,577 6 254 - - 254 - - 7 2,650 2,402 2,103 7,458 6,279 8,577 8 a. Current tax 594 549 496 1,705 1,623 2,027 b. Deferred tax 58 31 9 113 (78) 52 9 1,998 1,822 1,598 5,640 4,734 6,498 10 1,998 1,822 1,598 5,640 4,734 6,498 11 46 (20) 14 34 (10) 6 191 354 319 783 145 297 237 334 333 817 135 303 12 2,235 2,156 1,931 6,457 4,869 6,801 13 2,235 2,156 1,931 6,457 4,869 6,801 14 453 455 454 453 454 454 15 40,243 16 8.80 8.02 7.04 24.83 20.88 28.65 8.67 7.93 6.98 24.53 20.73 28.43 Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 11,124 11,061 10,537 33,114 31,487 42,265 3,183 3,152 2,719 9,256 7,730 10,541 14,307 14,213 13,256 42,370 39,217 52,806 2,109 1,872 1,677 5,810 4,917 6,668 679 637 534 1,905 1,361 1,910 2,788 2,509 2,211 7,715 6,278 8,578 23 37 37 96 124 173 115 70 71 161 (125) (172) 2,650 2,402 2,103 7,458 6,279 8,577 Earnings per share (Face value ₹ 2 each) (not annualised): Paid-up equity share capital (Face value ₹ 2 each) Other equity excluding revaluation reserves as per balance sheet b) Diluted a) Basic Segmental reporting for the Quarter and Nine Months ended December 31, 2025 Cloud Infrastructure and Security Segment revenue Segment results Digital and Application Services Revenue From Operations Statement of Consolidated Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2025 Less: Finance costs Cloud Infrastructure and Security Segment results Profit before tax Less: Unallocable expenditure net of unallocable income Segment results Digital and Application Services Total comprehensive income attributable to: - Owners Registered Office : Zensar Knowledge Park, Kharadi, Plot # 4 , MIDC, Off Nagar Road, Pune - 411014, India. CIN: L72200PN1963PLC012621 Zensar Technologies Limited Expenses Nine Months EndedQuarter Ended Quarter Ended Nine Months Ended Net profit after tax for the period (7-8) Profit before exceptional item and tax (3-4) Total expenses A. Items that will not be reclassified to profit or loss Total Income a. Purchase of traded goods Particulars d. Finance costs B. Items that will be reclassified to profit or loss Total comprehensive income for the period (9+11) Total other comprehensive income/(loss), net of income tax b. Employee benefits expense c. Subcontracting costs e. Depreciation and amortisation expense Tax expense - Owners f. Other expenses Net profit attributable to: Other comprehensive income/(loss), net of income tax Profit before tax (5-6) - Statutory impact of new Labour Codes (refer note 5) Exceptional item
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December 31, 2025 September 30, 2025 December 31, 2024 March 31, 2025 Unaudited Unaudited Unaudited Audited 1 Digital and Application Services 6,081 6,075 5,746 6,384 Cloud Infrastructure and Security 1,817 1,903 1,672 1,517 7,898 7,978 7,418 7,901 Unbilled revenue Digital and Application Services 3,148 3,640 2,827 3,111 Cloud Infrastructure and Security 906 976 789 868 4,054 4,616 3,616 3,979 Goodwill Digital and Application Services 7,900 7,820 7,524 7,539 Cloud Infrastructure and Security 1,688 1,667 1,608 1,605 9,588 9,487 9,132 9,144 Unallocable assets 34,593 32,042 29,638 30,705 TOTAL ASSETS 56,133 54,123 49,804 51,729 2 Digital and Application Services 146 291 289 303 Cloud Infrastructure and Security 121 235 220 137 267 526 509 440 Unallocable liabilities 11,100 10,807 10,233 10,592 TOTAL LIABILITIES 11,367 11,333 10,742 11,032 Notes : 1 2 Standalone Financial Information Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 7,014 6,734 5,592 19,970 16,450 22,261 2,330 1,950 1,867 6,408 5,515 7,345 2,091 1,950 1,867 6,169 5,515 7,345 1,622 1,528 1,532 4,868 4,481 5,948 Results of Zensar Technologies Limited on a standalone basis are hosted on its website www.zensar.com. 3 4 5 For and on behalf of the Board Manish Tandon Mumbai CEO and Managing Director Date: January 22, 2026 DIN:07559939 Segment assets Total unearned revenue Total goodwill Segment liabilities Total unbilled revenue Total trade receivables Unearned Revenue Segment assets & liabilities Trade receivables On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available and guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact as "Statutory impact of new Labour Codes" under "Exceptional Items" in the interim consolidated statement of profit and loss for the period ended December 31, 2025. The incremental impact on provisions for employee benefits expenses of ₹ 254 Million primarily arises due to change in wage definition. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued/rules are notified. These unaudited results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting”(“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under as amended from time to time. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at their meetings held on January 22, 2026. Net profit for the period Profit before exceptional item and tax Revenue from operations Nine Months EndedQuarter Ended Particulars The Board of Directors at its meeting held on January 22, 2026 declared an interim dividend of ₹ 2.40 per equity share of the Company for the Financial Year 2025-26. The Record Date for the aforesaid interim dividend will be January 29, 2026. Profit before tax The Company has also created Zensar Employees Welfare Trust (the ‘ESOP Trust’) for providing share-based payments, as a vehicle for distributing shares to employees under Employee Stock Option Scheme 2025. The Company has treated ESOP Trust as its extension. As at December 31, 2025, ESOP Trust has acquired 781,257 Equity shares from open market. Shares held by the ESOP Trust are treated as Treasury Shares. The paid-up Equity Share Capital has been disclosed net of Treasury Shares and while computing the basic and diluted earnings per share, the weighted average number of equity shares held by trust have been reduced.