Persistent Systems Q2FY18 consolidated net profit rises 10.1% qoq

India Infoline Research Team | October 16, 2017 16:10 IST

Persistent Systems Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 761 4.6
EBITDA 154 7.1
EBITDA Margin (%) 20.2 48
Net Profit (adjusted) 82.6 10.1
***EBITDA margin change is bps


Reco. Price


Last updated on


Persistent Systems consolidated revenue for the quarter came in at Rs. 761 crores, registering 4.6% QoQ increase. This revenue growth was mainly led by ~21% QoQ surge in digital segment. Geography revenue mix, North America contributed 83.4%, Europe and India contributed 8.5% and 5.6% respectively.

EBITDA for the quarter rose by 7.1% QoQ to Rs. 154 crores with a corresponding margin expansion of 48 bps. EBITDA margin for the quarter stood at 20.2%.

PAT for the quarter came in at Rs. 82.6 crores, QoQ increase of 10.1%.

Attrition for the quarter remained same at 15.5% vs 15.5% in last quarter of same year.

Technical View:

Persistent Systems Ltd is currently trading at Rs. 662.15, up by 4.9 points or 0.75% from its previous closing of Rs. 657.25 on the BSE.
The scrip opened at Rs. 663 and has touched a high and low of Rs. 664.95 and Rs. 650.10 respectively. So far 58,200(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

BSE 841.00 1.40 (0.17%)
NSE 840.00 [3.40] ([0.40]%)

***Note: This is a NSE Chart



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