Zensar FY26: modest revenue, record order book, and a clearer AI-led playbook

FY26 revenue was $643.7 million, up 3.1% YoY in reported currency and 1.7% YoY in constant currency.

Q4FY26 revenue was $158.4 million, up 1.0% YoY and down 1.3% QoQ in reported currency. PAT margin was 14.4%.

Order book was $401.8 million in Q4FY26 (up 122.9% QoQ). The FY26 snapshot reported order book of $912.7 million (up 17.8% YoY).

BFSI 45.6%, Manufacturing and Consumer Services 25.8%, TMT 18.1%, Healthcare and Life Sciences 10.5%.

US 65.3%, Europe 22.1%, Africa 12.7%.

Management reiterated a mid-teens margin band for FY27 overall, while noting transition costs for the mega deal will pressure margins in Q1 and Q2.