MENU

Published on 6/05/2020 11:48:51 AM | Source: Dion Global Solutions Ltd

Persistent Systems Q4 net profit jumps 77.06% at Rs 127.48 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 127.48 crore for the quarter ended March 31, 2020 as compared to Rs 72.00 crore in the same period last year, registering a year-on-year growth of 77.06 per cent. Net revenue of the company rose moderately by 9.66 per cent at Rs 566.14 crore in January-March quarter of this fiscal as against Rs 516.27 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 3.87 per cent to Rs 417.43 crore from Rs 434.22 crore in year ago period. Other Income grew by 26.49 per cent at Rs 32.33 crore versus (Mar'19 Rs 25.56 crore). Operating Profit surged by 81.24 per cent to Rs 148.71 crore as against Rs 82.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 65.32 per cent in March quarter. Interest grew by 9600.00 per cent y-o-y to Rs 0.97 crore, while Taxation increased by 61.11 per cent at Rs 38.94 crore (Mar'19 Rs 24.17 crore).