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HindustanTimes Thu,10 Jul 2014

Zensar sees net rising 15%

Manu P Toms , Hindustan Times  Mumbai, September 05, 2013
First Published: 02:10 IST(5/9/2013) | Last Updated: 02:11 IST(5/9/2013)

Zensar Technologies, the IT company of the RPG Group, feels that the underperforming rupee would improve its net profit in 2013-14 by up to 15%.

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"As much as 98% of our revenue comes from exports," Ganesh Natarajan, CEO, Zensar, said. "However, if the rupee is going to fall to some atrocious levels like 70, we are not going to get the full benefit as we have hedged 80% of our receivables at 60."

The export-oriented IT sector is the only bright spot in the Indian economy, hit by the falling rupee.


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