Persistent Systems has announced robust financial results for the fourth quarter of fiscal year 2024-25, showcasing significant growth across key metrics.
Market Performance
Following the announcement, Persistent Systems’ shares surged by 3.66%, reaching ₹5,353 on the NSE. This uptick reflects investor confidence in the company’s strong quarterly performance.
Main News
In Q4 FY25, Persistent Systems reported a consolidated net profit (PAT) of ₹395.76 crore, marking a 6.1% increase quarter-on-quarter (QoQ) and a 25.5% rise year-on-year (YoY). The company’s revenue in US dollar terms stood at $375.2 million, up 4.2% QoQ and 20.7% YoY. In rupee terms, revenue grew by 5.9% QoQ and 25.2% YoY to ₹3,242.11 crore.
Company Details
Persistent Systems’ Board of Directors has recommended a final dividend of ₹15 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This brings the total dividend for the fiscal year to ₹35 per share.
Additionally, the company appointed Vinit Teredesai, Chief Financial Officer, as an additional director to the board.
Financial Highlights
- Revenue: ₹3,242.11 crore in Q4 FY25, up 5.9% QoQ and 25.2% YoY.
- EBIT: ₹505.29 crore, increasing by 10.9% QoQ and 34.9% YoY.
- PBT: ₹505.21 crore, a rise of 4.8% QoQ and 27.7% YoY.
- PAT: ₹395.76 crore, growing by 6.1% QoQ and 25.5% YoY.
- EBIT Margin: 15.6% in Q4 FY25.
- PAT Margin: 12.2% in Q4 FY25.
For the full fiscal year 2024-25, the company reported:
- Revenue: ₹11,938.72 crore, a 21.6% increase YoY.
- EBIT: ₹1,751.26 crore, up 23.8% YoY.
- PAT: ₹1,400.16 crore, a 28% rise YoY.
- EBIT Margin: 15.3% for FY25.
- PAT Margin: 11.7% for FY25.
Summary
Persistent Systems has delivered a strong performance in Q4 FY25, with significant growth in revenue and profitability. The company’s strategic focus on digital transformation and AI-led initiatives has contributed to its robust financial health. The recommended final dividend and board expansion further underscore Persistent Systems’ commitment to delivering value to its shareholders and stakeholders.
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