By BullScreen Editorial Team 
Zensar Technologies Limited reported a steady performance in its Q4 results 2026, supported by improved profitability and a record order book, even as revenue growth remained modest.
For the fourth quarter ended March 31, 2026, the company posted revenue of $158.4 million, marking a 1.0% year-on-year increase, though it declined 1.3% sequentially. Profit after tax (PAT) stood at $22.8 million, rising 12.2% year-on-year and 2.2% quarter-on-quarter, highlighting margin resilience during a mixed demand environment.
EBITDA for the quarter came in at 16.1% of revenue, slightly higher than previous levels, indicating stable operational efficiency. The standout metric in the Q4 results 2026 was the order book, which surged to $401.8 million, up 122.9% sequentially the highest in the company’s history signaling strong deal momentum heading into FY27.
For the full fiscal year FY26, Zensar reported revenue of $643.7 million, up 3.1% year-on-year, while net profit grew a sharper 13.6% to $87.2 million. The company also strengthened its balance sheet, ending the year with a net cash position of $319.5 million.
Geographically, growth remained uneven. Africa led with a 14.4% year-on-year rise in Q4, while Europe grew 4.3%. However, the U.S. market saw a decline of 2.2%, reflecting ongoing macroeconomic pressures.
From a vertical standpoint, Banking and Financial Services (BFSI) continued to drive growth, contributing 45.6% of revenue with a 12.5% increase. In contrast, the TMT segment declined sharply by 16.0%, weighing on overall performance.
Zensar’s strategic focus on digital and AI capabilities remained evident in the Q4 results 2026. Digital application services contributed 77.8% of total revenue, while cloud infrastructure and security increased its share to 22.2%. Notably, around 85% of the workforce is now AI-certified, aligning with the company’s push toward an AI-led delivery model.
Operationally, employee headcount stood at 10,779, with utilization stable at 84.3%. Attrition improved slightly to 9.8%, and reduced reliance on top clients indicates better revenue diversification.
The Q4 results 2026 suggest that while near-term revenue growth remains moderate, strong deal wins, improving margins, and increasing AI adoption position Zensar Technologies for more sustained growth ahead.
| Category | Metric | Q4 FY26 | FY26 (Full Year) | Growth / Insight |
|---|---|---|---|---|
| Revenue | USD Revenue | $158.4 Mn | $643.7 Mn | Q4: +1.0% YoY, -1.3% QoQ |
| INR Revenue | — | ₹56,874 Mn | +7.7% YoY | |
| Profitability | EBITDA Margin | 16.1% | 16.0% | Improved vs FY25 (15.5%) |
| Profit After Tax (PAT) | $22.8 Mn (14.4%) | $87.2 Mn (13.5%) | Q4: +12.2% YoY, FY: +13.6% YoY | |
| Order Book | Total Bookings | $401.8 Mn | — | Record high, +122.9% QoQ |
| Cash Position | Net Cash | $319.5 Mn | $319.5 Mn | Strong balance sheet |
| Geography (Q4) | Africa | — | — | +14.4% YoY (Highest growth) |
| Europe | — | — | +4.3% YoY | |
| USA | — | — | -2.2% YoY | |
| Vertical Mix (Q4) | BFSI | 45.6% share | — | +12.5% YoY (Top driver) |
| TMT | 18.1% share | — | -16.0% YoY decline | |
| Healthcare | — | — | -0.3% YoY | |
| Manufacturing | — | — | -2.2% YoY | |
| Service Mix (FY26) | Digital Applications | — | 77.8% | Core revenue driver |
| Cloud & Security | — | 22.2% | Up from 20.0% | |
| Data & Analytics | — | 9.9% | Growing focus area | |
| Workforce | Total Employees | 10,779 | 10,779 | Stable workforce |
| AI-Certified Staff | ~85% | ~85% | Strong AI readiness | |
| Efficiency | Utilization Rate | 84.3% | 84.3% | Stable operations |
| Attrition | 9.8% | 9.8% | Slight improvement | |
| Client Mix | Top 5 Clients Contribution | 24.3% | — | Down from 27.6% (Diversification) |
| Delivery Mix | Offshore Revenue | 53.8% | — | Up from 51.0% |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/899acdbb-eb7b-422b-a34f-b2a6965420fd.pdf