Persistent Systems Ltd posts consolidated PAT of Rs. 286.13 crores in Q3 FY2024

Persistent Systems Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2536.526 crores during the period ended December 31, 2023 as compared to Rs. 2448.952 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 286.134 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 263.268 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 37.20 for the period ended December 31, 2023 as compared to Rs. 34.22 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 2536.526 crs	₹2448.952 crs	3.58%
Net Profit	₹286.134 crs	₹263.268 crs	8.69%
EPS	₹37.20	₹34.22	8.71%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 2536.526 crores during the period ended December 31, 2023 as compared to Rs.2202.125 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.286.134 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.237.954 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.37.20 for the period ended December 31, 2023 as compared to Rs.31.14 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 2536.526 crs	₹2202.125 crs	15.19%
Net Profit	₹286.134 crs	₹237.954 crs	20.25%
EPS	₹37.20	₹31.14	19.46%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.7328.298 crores during the 9 Months period ended December 31, 2023 as compared to Rs.6157.910 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.778.170 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.669.580 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.101.17 for the 9 Months period ended December 31, 2023 as compared to Rs.87.61 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹7328.298 crs	₹6157.910 crs	19.01%
Net Profit	₹778.170 crs	₹669.580 crs	16.22%
EPS	₹101.17	₹87.61	15.48%

Shares of Persistent Systems Limited was last trading in BSE at Rs. 7861.30 as compared to the previous close of Rs. 7772.10. The total number of shares traded during the day was 15077 in over 3630 trades.

The stock hit an intraday high of Rs. 7910.30 and intraday low of 7745.00. The net turnover during the day was Rs. 118087734.00.

Source : Equity Bulls

Keywords

PersistentSystems Q3FY24 9MFY24 ResultUpdate