Persistent Systems Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Persistent Systems Ltd reported a 5.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.4%.
- Its expenses for the quarter were up by 4.5% QoQ and 22.2% YoY.
- The net profit increased 14.8% QoQ and increased 30.4% YoY.
- The earnings per share (EPS) of Persistent Systems Ltd stood at 23.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3104.92 | 2943.67 | 2536.53 | 5.5% | 22.4% |
Total Expenses | 2622.88 | 2509.15 | 2147.22 | 4.5% | 22.2% |
Profit Before Tax | 482.04 | 434.52 | 389.30 | 10.9% | 23.8% |
Tax | 109.05 | 109.52 | 103.17 | -0.4% | 5.7% |
Profit After Tax | 372.99 | 325.00 | 286.13 | 14.8% | 30.4% |
Earnings Per Share | 23.90 | 21.00 | 37.20 | 13.8% | -35.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Persistent Systems Ltd is a technology services company that operates primarily in the IT industry. The company focuses on software development, technology innovation, and providing digital transformation services to various sectors. As a key player in the software and IT services market, the company offers solutions that include cloud computing, data analytics, and enterprise applications. Recent developments in the company are not specified here, but Persistent Systems has consistently aimed to expand its service offerings and increase its market presence through strategic partnerships and technology advancements.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Persistent Systems Ltd reported a total income of ₹3,104.92 crores. This represents a quarter-over-quarter (QoQ) increase of 5.5% compared to ₹2,943.67 crores in the second quarter of fiscal year 2025 (Q2FY25). Year-over-year (YoY), the total income saw a significant rise of 22.4% from ₹2,536.53 crores in the third quarter of fiscal year 2024 (Q3FY24). The company has demonstrated strong revenue growth over the past year, indicating robust demand for its services and effective business strategies that have contributed to this upward trend in income.
Profitability
The company's profitability improved significantly in Q3FY25, with Profit Before Tax (PBT) recorded at ₹482.04 crores, marking a 10.9% increase QoQ from ₹434.52 crores in Q2FY25. The YoY increase in PBT was 23.8% from ₹389.30 crores in Q3FY24. After accounting for taxes, the Profit After Tax (PAT) for Q3FY25 amounted to ₹372.99 crores, which is a 14.8% increase QoQ and a 30.4% rise YoY from the previous year’s ₹286.13 crores. This growth in profitability highlights the company's efficient cost management and revenue generation capabilities. Earnings Per Share (EPS) for Q3FY25 was ₹23.90, showing a 13.8% increase QoQ, although it is a decline of 35.8% YoY compared to ₹37.20 in Q3FY24.
Operating Metrics
The total expenses for Q3FY25 were ₹2,622.88 crores, reflecting a 4.5% increase QoQ from ₹2,509.15 crores in Q2FY25 and a 22.2% increase YoY from ₹2,147.22 crores in Q3FY24. Tax expenses remained relatively stable, with a slight decrease of 0.4% QoQ to ₹109.05 crores in Q3FY25 from ₹109.52 crores in Q2FY25, and a 5.7% increase YoY from ₹103.17 crores in Q3FY24. The data indicates that while expenses have increased substantially, they are outpaced by revenue growth, thereby supporting the overall profitability of the company. The operating metrics reflect a sustained growth trajectory with efficient management of operating costs relative to income growth.
