Persistent Systems surges on reporting 25% rise in Q4 consolidated net profit
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Persistent Systems is currently trading at Rs. 4480.45, up by 39.65 points or 0.89% from its previous closing of Rs. 4440.80 on the BSE.
The scrip opened at Rs. 4423.25 and has touched a high and low of Rs. 4498.15 and Rs. 4363.25 respectively. So far 21840 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5131.15 on 21-Feb-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4498.15 and Rs. 4226.55 respectively. The current market cap of the company is Rs. 34290.86 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 48.14% and 20.58% respectively.
Persistent Systems has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Persistent Systems has reported rise of 32.86% in its net profit at Rs 258.40 crore for the quarter under review as compared to Rs 194.49 crore for the same quarter in the previous year. Total income of the company increased by 39.15% at Rs 1494.56 crore for Q4FY23 as compared to Rs 1,074.10 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 25.14% in its net profit at Rs 251.51 crore for fourth quarter ended March 31, 2023 as compared to Rs 200.99 crore for the same quarter in the previous year. Total income of the company increased by 34.73% at Rs 2,263.30 crore for Q4FY23 as compared to Rs 1,679.93 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 15.35% in its net profit at Rs 791.13 crore as compared to Rs 685.87 crore for the previous year. Total income of the company increased by 40.01% at Rs 5,191.42 crore for year under review as compared to Rs 3707.94 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 33.42% rise in its net profit at Rs 921.09 crore as compared to Rs 690.39 crore for the previous year. Total income of the company increased by 43.84% at Rs 8,421.20 crore for year under review as compared to Rs 5,854.70 crore for year ended March 31, 2022.
