Persistent Q2 net rises 36% to Rs 61 cr on strong IP biz

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Persistent Systems reported strong results in July-September quarter after weak numbers in June quarter. Profit after tax rose 6.5 percent sequentially (36.1 percent on yearly basis) to Rs 60.8 crore in the quarter gone by.

"We are delighted with our excellent growth in revenue in the second quarter that has surpassed the overall industry growth rate," Anand Deshpande, chairman, managing director and CEO said.

Rupee revenues rose 21 percent quarter-on-quarter (32.3 percent year-on-year) to Rs 432.37 crore while dollar revenues grew 8.6 percent Q-o-Q (14 percent Y-o-Y) to USD 68.45 million during September quarter, driven by intellectual property (IP) business.

IP led revenue jumped 38 percent Q-o-Q to USD 13.10 million in second quarter.

"Persistent Systems' focused strategy around product engineering, its enterprise platform approach and product IP has enabled the company to grow and scale up resulting in new business opportunities with leading enterprises," the company said in its release.

Earnings before interest, tax, depreciation and amortistaion (EBITDA) grew 44.4 percent sequentially (26 percent on yearly basis) to Rs 112.2 crore and EBITDA margin jumped 424 basis points Q-o-Q to 25.94 percent in the quarter gone by.

Anand Deshpande said, "We continue to invest in creating next-generation technology solutions for our customers. During the quarter, we have also expanded internationally in EMEA, APAC and have opened our Collaborative Software Development Center in Ohio."