Persistent Q4 net rises 2.1% to Rs 76 cr, $ revenue up 0.6%

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Persistent Systems beat street expectations on bottomline front but the topline slightly missed estimates. Net profit grew 2.1 percent sequentially to Rs 76.05 crore and revenue increased by 0.6 percent to Rs 497.4 crore during January-March quarter.

According to a CNBC-TV18 poll, profit was expected at Rs 70 crore on revenue of Rs 506 crore for the quarter.

Dollar revenue also climbed 0.6 percent to USD 80 million in the quarter ended March 2015. During the quarter, its EBITDA was at Rs 100.5 crore compared to Rs 99.53 crore in third quarter of FY15. Its margin also grew at 22.2 percent versus a CNBC-TV18 poll of 20 percent.

It has added 51 clients during the quarter.

Divulging details about its performance, Anand Deshpande, Chairman and Managing Director of the company said, "While we had strong performance across most of our business, due to a change in priorities of one of our large customers, revenue growth came in slightly weaker than anticipated this quarter. The overall demand environment continues to be favourable and we are optimistic about our market positioning and the foundation we have laid to usher in greater revenue growth in FY16."

Persistent has recommended final dividend of Rs 2.50 per share for FY 2014-15 and special silver jubilee dividend of Rs 2.50 per share, on the expanded capital base post 1:1 bonus issue. “Total dividend for the year after considering the interim dividend already paid amounted to Rs 10 per share on the post bonus share capital or Rs 20 per share on pre-bonus share capital as compared to Rs 12 per share paid last year. This aggregate dividend of Rs 5 per share is subject to the approval of members at the ensuing annual general meeting which will be held on or before September 30, 2015,” it said in a statement.

The stock closed at Rs 716.00, down Rs 9.75, or 1.34 percent on the BSE.