Persistent Systems surges on reporting 35% rise in Q3 consolidated net profit
Persistent Systems is currently trading at Rs. 4144.95, up by 183.45 points or 4.63% from its previous closing of Rs. 3961.50 on the BSE.
The scrip opened at Rs. 3959.55 and has touched a high and low of Rs. 4161.75 and Rs. 3915.95 respectively. So far 38238 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4950.35 on 05-Apr-2022 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. 4161.75 and Rs. 3906.90 respectively. The current market cap of the company is Rs. 31662.50 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 46.70% and 22.04% respectively.
Persistent Systems has reported results for third quarter ended December 31, 2022.
The company has reported rise of 5.70% in its net profit at Rs 182.75 crore for Q3FY23 as compared to Rs 172.89 crore for the corresponding quarter previous year. Total income of the company increased by 39.21% to Rs 1335.53 crore for the quarter as compared to Rs 959.38 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 34.89% in its net profit at Rs 237.95 crore for Q3FY23 as compared to Rs 176.40 crore for the same quarter in the previous year. Total income of the company increased by 44.65% to Rs 2202.13 crore for the quarter under review as compared to Rs 1522.38 crore for the same quarter in the previous year.
