Persistent Systems Ltd posts Rs. 120.92 crore consolidated PAT in Q3FY21

PERSISTENT SYSTEMS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1105.41 crores during the period ended December 31, 2020 as compared to Rs.1024.24 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.120.92 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.101.98 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.15.82 for the period ended December 31, 2020 as compared to Rs.13.34 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1105.41 crs	₹ 1024.24 crs	7.92%
Net Profit	₹ 120.92 crs	₹ 101.98 crs	18.57%
EPS	₹ 15.82	₹ 13.34	18.59%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1105.41 crores during the period ended December 31, 2020 as compared to Rs.957.50 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.120.92 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.87.92 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.15.82 for the period ended December 31, 2020 as compared to Rs.11.50 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1105.41 crs	₹ 957.50 crs	15.45%
Net Profit	₹ 120.92 crs	₹ 87.92 crs	37.53%
EPS	₹ 15.82	₹ 11.50	37.57%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3142.26 crores during the 9 months period ended December 31, 2020 as compared to Rs.2742.50 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.312.91 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.256.46 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.40.94 for the 9 months period ended December 31, 2020 as compared to Rs.33.41 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3142.26 crs	₹ 2742.50 crs	14.58%
Net Profit	₹ 312.91 crs	₹ 256.46 crs	22.01%
EPS	₹ 40.94	₹33.41	22.54%

Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems: "I want to thank all of our clients for the trust they continue to put in us as we explore new technologies, delivery models and new ways of working together to deliver digital excellence to their customers. This has been a year unlike any other and I am very proud of the resilience demonstrated by our team members across Persistent."

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems: "Thanks to the passionate efforts of our more than 12,000 team members, we have accelerated growth and reinforced our capabilities across all areas of the company. We continue to deliver engineering solution expertise in our key industry segments and service lines, helping our customers imagine their new digital future. As a result, we see growth in our average deal size and once again this quarter we closed several large deals."

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1498.15 as compared to the previous close of Rs. 1514.75. The total number of shares traded during the day was 5989 in over 871 trades.

The stock hit an intraday high of Rs. 1534 and intraday low of 1486.4. The net turnover during the day was Rs. 8985060.

Source : Equity Bulls

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