Zensar Technologies Limited, a leading experience, engineering and engagement solutions company, reported consolidated financial results for the third quarter ended December 31, 2025, recording stable growth despite a challenging macro environment. In Q3 FY26, the company posted revenue of $160.5 million, representing year-on-year growth of 2.2 per cent in reported currency and 1.3 per cent in constant currency. Sequentially, revenue declined by 1.4 per cent in reported currency and 1.3 per cent in constant currency. In Indian rupee terms, revenue reflected year-on-year growth of 7.9 per cent and quarter-on-quarter growth of 0.7 per cent. Gross margin stood at 33.7 per cent of revenue, improving sequentially by 270 basis points. EBITDA was reported at 17.4 per cent of revenue, reflecting a sequential improvement of 200 basis points. The company recorded an order book of $180.2 million, marking sequential growth of 13.6 per cent. Zensar reported net cash and cash equivalents of $322.4 million at the end of Q3 FY26, while days sales outstanding stood at 71 days, improving sequentially by four days. Across verticals, manufacturing and consumer services recorded sequential revenue growth of 3.2 per cent and year-on-year growth of 2.7 per cent in reported currency. Banking and financial services reported sequential decline of 0.4 per cent and year-on-year growth of 12.2 per cent. Healthcare and life sciences recorded sequential growth of 2.5 per cent and year-on-year growth of 5.2 per cent. Telecommunications, media and technology reported sequential decline of 8.8 per cent and year-on-year decline of 11.6 per cent. The US region saw sequential decline of 3.0 per cent and year-on-year decline of 0.4 per cent, while Europe recorded sequential growth of 1.2 per cent and year-on-year growth of 6.1 per cent. Africa reported sequential growth of 2.8 per cent and year-on-year growth of 10.7 per cent. Management highlighted disciplined execution, strong cash position and improving margins as key performance drivers. The company also emphasised continued investments in artificial intelligence-led solutions across enterprise, cybersecurity, financial services and analytics, with multiple AI-driven deployments delivered during the quarter. Zensar continues to strengthen its market positioning through innovation, strategic client engagements and talent development, while navigating cautious client spending and evolving demand patterns in global technology services.