Persistent Systems trades jubilantly on reporting 30% rise in consolidated net profit
Persistent Systems is currently trading at Rs. 6229.25, up by 543.90 points or 9.57% from its previous closing of Rs. 5685.35 on the BSE.
The scrip opened at Rs. 5828.85 and has touched a high and low of Rs. 6253.85 and Rs. 5797.70 respectively. So far 68574 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6788.80 on 20-Dec-2024 and a 52 week low of Rs. 3232.60 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 6150.00 and Rs. 5447.90 respectively. The current market cap of the company is Rs. 95758.25 crore.
The promoters holding in the company stood at 30.66%, while Institutions and Non-Institutions held 51.02% and 18.32% respectively.
Persistent Systems has reported 28.43% rise in its net profit at Rs 333.61 crore for third quarter ended December 31, 2024 as compared to Rs 259.77 crore for the same quarter in the previous year. Total income of the company increased by 78.66% at Rs 3053.42 crore for Q3FY25 as compared to Rs 1709.04 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 30.36% rise in its net profit at Rs 372.99 crore for the quarter ended December 31, 2024, as compared to Rs 286.13 crore for the same quarter in the previous year. Total income of the company increased by 22.41% at Rs 3104.92 crore for Q3FY25 as compared to Rs 2536.53 crore for the corresponding quarter previous year.
