Over 125% return in 1 year! THIS IT stock announces highest-ever 350% dividend in 5 years – Check amount, payment date

over 125% return in 1 year! this it stock announces highest-ever 350% dividend in 5 years – check amount, payment date

Zensar Technologies Limited, an engineering and technology services company, on Thursday, April 25, 2024, announced its earnings for the fourth quarter that ended March 31, 2024. The IT company also declared its highest-ever dividend this earnings season in the last five years.

Investors are cheering a spectacular 125% return on their investment in the past year, coupled with the company’s announcement of a record-breaking dividend.

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Over 300% return in 1 year! THIS multibagger smallcap stock announces DIVIDEND in Q4 2024 quarterly earnings – Check amount, other details

Zensar Technologies Dividend 2024

Zensar Technologies said that the Board of Directors of the company has declared 340 per cent dividend per equity share. A dividend is always calculated and paid on the face value of each stock. The current face value of RBL Bank shares is Rs 2. Accordingly, 350 per cent dividend translates into Rs 7.

“Recommendation of final dividend at INR 7 each (350%) per equity share of INR 2 each, for FY 2023-24, subject to approval by Members at the ensuing Annual General Meeting (“AGM”). The record date for the purpose shall be announced in due course,” said the IT company in a regulatory filing on April 25.

Zensar Technologies Dividend 2024 Payment Date

The dividend, if approved, shall be paid/dispatched to the shareholders within 30 days of its approval by the shareholders, at the AGM, the company said.

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Zensar Technologies Q4 Results 2024

In Q4FY24, the company reported revenue of $148.1M, sequential QoQ growth of 2.4% in reported currency and 2.0% in constant currency. For the full year FY24, the company reported services revenue of $591.3M, yearly YoY growth of 1.0% in reported currency and 1.3% in constant currency.

In Q4FY24, EBITDA was at 16.5%, quarterly YoY increase of 200 bps and sequential QoQ decline of 70 bps. In Q4FY24, PAT stood at 14.1%, a quarterly YoY increase of 430 bps and sequential QoQ increase of 70 bps

The company reported net cash of $261.7M at the end of Q4FY24, QoQ growth of 5.4%. US region reported a sequential QoQ services revenue growth of 4.3% in reported currency and 4.2% in constant currency.

Europe region reported a sequential QoQ services revenue decline of 1.2% in reported currency and 3.1% in constant currency. South Africa reported a sequential QoQ services revenue decline of 2.3% in reported currency and 2.0% in constant currency.

Banking and Financial Services reported a sequential QoQ services revenue growth of 2.5% in reported currency and 2.0% in constant currency. Manufacturing and Consumer Services reported a sequential QoQ service revenue growth of 3.0% in reported currency and 2.3% in constant currency.

Hitech reported a sequential QoQ services revenue growth of 0.8% in reported currency and 0.7% in constant currency. Healthcare and Life Sciences reported a sequential QoQ services revenue growth of 3.6% in reported currency and 3.5% in constant currency.

Zensar Technologies Share Price History

Shares of Zensar closed at Rs 621 on Friday, up 7.96 per cent from the previous close of Rs 575.20. The stock opened at Rs 596.65 and hit an intra-day high of Rs 643 and low of Rs 585.60, as per BSE.

According BSE analytics, the company is a constituent of S&P BSE 500 and boosts a market capitalisation of Rs 14,073.92 crore. The shares of Zensar have given massive returns to its investors so far. The stock surged by 7.84 per cent in the last one week, 28.15 per cent in the last six month. Similarly, the stock doubled investors’ money by moving 126.97 per cent northward in the last one year.

The shares gained 86.26 per cent in two years and 131.33 per cent in three years, respectively.

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