Zensar Technologies Limited has reported a profit after tax (PAT) of INR 910 million ($12.1 million) for the third quarter of the fiscal year 2022 (Q3FY22), a decrease of 7.8% compared to INR 987 million ($13.4 million) in the same quarter of the previous fiscal year.

The revenue of the Indian software and services company in the reported quarter is INR 11,025 million ($147.1 million), an increase of 21.6% compared to INR 9,344 million ($125 million) in Q3FY21.

Zensar Technologies, which is a subsidiary of the RPG Group, reported net cash of $168 million in Q3FY22.

On a quarterly year-over-year (YoY) basis, the Pune-based company’s revenue in the US region registered a growth of 20.8%, the Europe region saw growth of 23.7%, while the South Africa region had growth of 8.3%.

Zensar Technologies’ banking vertical had a quarterly YoY growth of 76.5%. Its insurance vertical had a quarterly YoY growth of 8.9%, while the consumer services vertical and the Hi-Tech and Manufacturing vertical had quarterly YoY growth of 26% and 7.1%, respectively.

Ajay S. Bhutoria — CEO and Managing Director of Zensar Technologies said: “Our revenue growth of 19.8% quarterly YoY reinforces the value our clients place on our services.

“Our efforts in the Banking vertical are bearing fruit with a 76.5% quarterly YoY growth. Similarly, our Consumer Services business grew by 26% YoY during the same quarter. These outcomes are the result of initiatives launched in the first half of the year and include the integration of M3bi into our overall strategy.”

  Ajay S. Bhutoria, India, RPG Group, Zensar Technologies