Persistent Systems Ltd Q1FY24 consolidated net profit slips QOQ to Rs. 228.76 crores

Persistent Systems Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2342.822 crores during the period ended June 30, 2023 as compared to Rs. 2263.299 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 228.768 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 251.513 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 29.75 for the period ended June 30, 2023 as compared to Rs. 32.91 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 2342.822 crs	₹2263.299 crs	3.51%
Net Profit	₹228.768 crs	₹251.513 crs	-9.04%
EPS	₹29.75	₹32.91	-9.60%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 2342.822 crores during the period ended June 30, 2023 as compared to Rs.1899.089 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.228.768 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.211.612 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.29.75 for the period ended June 30, 2023 as compared to Rs.27.68 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 2342.822 crs	₹1899.089 crs	23.37%
Net Profit	₹228.768 crs	₹211.612 crs	8.11%
EPS	₹29.75	₹27.68	7.48%

Shares of Persistent Systems Limited was last trading in BSE at Rs. 5042.75 as compared to the previous close of Rs. 5139.15. The total number of shares traded during the day was 14342 in over 2808 trades.

The stock hit an intraday high of Rs. 5157.85 and intraday low of 5010.35. The net turnover during the day was Rs. 72658198.00.

Source : Equity Bulls

Keywords

PersistentSystems Q1FY24 ResultUpdate