Persistent Systems Q4 net profit up 9.88% at Rs 140.07 cr
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The company reported standalone net profit of Rs 140.07 crore for the quarter ended March 31, 2021 as compared to Rs 127.48 crore in the same period last year, registering a year-on-year growth of 9.88 per cent. Net revenue of the company rose substantially by 20.93 per cent at Rs 684.66 crore in January-March quarter of this fiscal as against Rs 566.14 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 22.86 per cent to Rs 512.86 crore from Rs 417.43 crore in year ago period. Other Income grew by 8.20 per cent at Rs 34.98 crore versus (Mar'20 Rs 32.33 crore).
Operating Profit surged by 15.52 per cent to Rs 171.79 crore as against Rs 148.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.49 per cent in March quarter. Interest grew by 15.46 per cent y-o-y to Rs 1.12 crore, while Taxation increased by 28.45 per cent at Rs 50.02 crore (Mar'20 Rs 38.94 crore).
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