Persistent Systems Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 5179.4, up 2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25239.85. The Sensex is at 82409.35, up 0.33%. Persistent Systems Ltd has added around 7.18% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has added around 4.65% in last one month and is currently quoting at 42591.65, up 0.37% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 4.1 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 5187, up 1.46% on the day. Persistent Systems Ltd is up 92.88% in last one year as compared to a 31.09% gain in NIFTY and a 37.18% gain in the Nifty IT index.

The PE of the stock is 79.33 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

Persistent Systems Ltd gained for a fifth straight session today. The stock is quoting at Rs 4940.5, up 1.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24703.35. The Sensex is at 80851.87, up 0.53%. Persistent Systems Ltd has risen around 3.81% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 4.25% in last one month and is currently quoting at 41236.85, up 0.55% on the day. The volume in the stock stood at 2.69 lakh shares today, compared to the daily average of 4.39 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 4952.15, up 1.26% on the day. Persistent Systems Ltd is up 97.2% in last one year as compared to a 27.38% spurt in NIFTY and a 34.03% spurt in the Nifty IT index.

The PE of the stock is 76.03 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

Persistent Systems Ltd gained for a third straight session today. The stock is quoting at Rs 4864.9, up 2.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.17% on the day, quoting at 24426.95. The Sensex is at 80041.08, up 1.18%. Persistent Systems Ltd has slipped around 0.64% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has slipped around 1.78% in last one month and is currently quoting at 39731.25, up 2.49% on the day. The volume in the stock stood at 3.55 lakh shares today, compared to the daily average of 5.14 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 4875.05, up 2.2% on the day. Persistent Systems Ltd is up 97.99% in last one year as compared to a 26.14% spurt in NIFTY and a 31.11% spurt in the Nifty IT index.

The PE of the stock is 74.13 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

Revenue from operations stood at Rs 2,737.17 crore in the first quarter of FY25, up 5.66% QoQ and 17.92% YoY.

Profit before tax (PBT) was at Rs 400.54 crore in Q1 FY24, registering a growth of 1.27% QoQ and 30.44% YoY.

EBITDA in Q1 FY25 stood at Rs 455.21 crore, marginally rose 0.2% QoQ and up 7.6% YoY. EBITDA margin stood at 16.5% in Q1 FY25.

In dollar terms, the IT firm's revenue was at $328.2 million in Q1 FY25, up 5.6% QoQ and up 16% YoY.

The order booking for the quarter ended on 30 June 2024 was at $462.8 million in total contract value (TCV) and at $337.3 million in annual contract value (ACV) terms (includes renewals & new bookings).

Sandeep Kalra, chief executive officer (CEO) and executive director, Persistent, said, “I am pleased to announce our 17th consecutive quarter of revenue growth, underscoring our clients’ sustained trust and confidence in us. Our continued success is driven by resilience, innovation, and a strategic focus on future readiness. We have pivoted to an AI-led, platform-driven services approach, deepening our hyperscaler partnerships and developing a suite of innovative solutions. Recognizing our transformative digital solutions, ISG, the leading advisory firm, ranks us as a Leader for Digital Engineering services in the US and Europe 2024, for the second year in a row.”

Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company works with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 8 of the top 10 largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems.

Powered by Capital Market - Live News