Persistent Systems Ltd Share Price – NSE /  BSE

IT - Software, Mid Cap

On year on year (YoY) basis, the company’s net profit and revenue jumped 23.4% and 20.1% in Q2 FY25.

Profit before tax (PBT) jumped 8.48% YoY to Rs 434.52 crore during the quarter.

EBITDA stood at Rs 480.73 crore, registering the growth of 18.7% YoY. EBITDA margin stood at 16.6%

In dollar terms, the IT firm’s revenue stood at $345 million in Q2 FY25, up 5.3(QoQ) and up (18.4% YoY).

The order booking for the quarter ended on September 30, 2024, was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms.

Sandeep Kalra, chief executive officer and executive director, Persistent Systems, said, “This quarter, we continued to strengthen our capabilities and advance our AI-led, platform driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity.

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

Net profit of Persistent Systems rose 23.45% to Rs 325.00 crore in the quarter ended September 2024 as against Rs 263.27 crore during the previous quarter ended September 2023. Sales rose 20.13% to Rs 2897.15 crore in the quarter ended September 2024 as against Rs 2411.67 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

Persistent Systems Ltd is down for a fifth straight session today. The stock is quoting at Rs 5212.1, down 0.68% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 24580.55. The Sensex is at 80602.32, down 0.68%.Persistent Systems Ltd has lost around 2.2% in last one month.Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has eased around 1.2% in last one month and is currently quoting at 41562.7, down 0.19% on the day. The volume in the stock stood at 1.73 lakh shares today, compared to the daily average of 4.07 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 5231.75, down 0.56% on the day. Persistent Systems Ltd jumped 79.53% in last one year as compared to a 27.48% rally in NIFTY and a 34.48% spurt in the Nifty IT index.

The PE of the stock is 82.61 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 5374.55, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 25144.05. The Sensex is at 82028.18, up 0.48%. Persistent Systems Ltd has risen around 1.9% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.48% in last one month and is currently quoting at 42387.55, up 1.09% on the day. The volume in the stock stood at 1.25 lakh shares today, compared to the daily average of 4.26 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 5394.6, up 1.25% on the day. Persistent Systems Ltd is up 86.71% in last one year as compared to a 27.7% spurt in NIFTY and a 31.57% spurt in the Nifty IT index.

The PE of the stock is 83.63 based on TTM earnings ending June 24.

Powered by Capital Market - Live News