Persistent Systems Q4 PAT up 45.9% at Rs200.99cr on operating profit boost from healthcare and tech verticals

28 Apr 2022 , 08:00 PM

Persistent Systems Ltd reported 47.11% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,637.85cr. On a sequential basis, revenues were higher for the quarter by 9.80%.

For the full year FY22, the revenues were higher by 36.4% at Rs5,711cr. Persistent witnessed sharp growth in revenues across all its key verticals viz. BFSI, healthcare & life sciences and technology.

Net cash from operating activities for FY22 was up by 14.8% at Rs845cr. Final dividend of Rs.11/share on top of Rs.20 interim dividend.

The consolidated net profit for Q4 was up 45.9% at Rs200.99cr while it was up on a sequential basis by 13.94%. While the growth in profits in the BFSI vertical was rather tepid, the growth was more than compensated by operating profit growth in the healthcare & life sciences vertical as well as the technology vertical on a yoy basis. In Mar-22,

Persistent acquired Data Glove IT Solutions. Net margins stood at 12.27% in Mar-22 quarter compared to 12.37% in Mar-21. NPM was higher sequentially compared to 11.83% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Persistent Systems
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,637.85	₹ 1,113.36	47.11%	₹ 1,491.72	9.80%
Net Profit (Rs cr)	₹ 200.99	₹ 137.76	45.90%	₹ 176.40	13.94%
Diluted EPS (Rs)	₹ 26.30	₹ 18.03		₹ 23.08
Net Margins	12.27%	12.37%		11.83%