Persistent Systems Q2 net profit up 29.55% at Rs 152.40 cr
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The company reported standalone net profit of Rs 152.40 crore for the quarter ended September 30, 2021 as compared to Rs 117.64 crore in the same period last year, registering a year-on-year growth of 29.55 per cent. Net revenue of the company rose substantially by 42.07 per cent at Rs 846.99 crore in July-September quarter of this fiscal as against Rs 596.18 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 45.90 per cent to Rs 645.76 crore from Rs 442.59 crore in year ago period. Other Income grew by 35.96 per cent at Rs 28.17 crore versus (Sep'20 Rs 20.72 crore). Operating Profit surged by 31.01 per cent to Rs 201.22 crore as against Rs 153.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.76 per cent in September quarter. Interest grew by 75.51 per cent y-o-y to Rs 1.72 crore, while Taxation increased by 32.81 per cent at Rs 55.50 crore (Sep'20 Rs 41.79 crore).
