Persistent Systems logs 52% yoy growth in PAT at Rs690.39 crore; stock spurts ~5%

28 Apr 2022 , 04:06 PM

Persistent Systems Limited reported its financial results for the quarter and financial year ended March 31, 2022.

The company has reported a revenue of Rs5,710.75 crore in FY22 as against Rs4,187.89 crore in FY21. Its revenue for Q4FY22 recorded a growth of 47.1% yoy at Rs1,637.85 crore as compared to Rs1,113.30 crore in the previous corresponding quarter.

Its EBITDA for FY22 was Rs958.71 crore vis-à-vis EBITDA of Rs683.02 crore in FY21, up by 40.30% yoy. For Q4FY22, EBITDA witnessed a jump of 49.30% yoy at Rs281.17 crore as against Rs188.30 crore in Q4FY21.

PAT for FY22 was reported at Rs690.39 crore, registering a growth of 53.20% yoy as against Rs450.68 crore in FY21. During Q4FY22 PAT stood at Rs200.99 crore, up by 45.90% yoy as compared to Rs137.78 crore in Q4FY21.

PBT for FY22 grew by 51.7% yoy at Rs924.28 crore against FY21.

Revenue in Q4FY22 grew sequentially by 9.6%, and PAT added 13.90% QoQ.

Persistent Systems ended at Rs4,287.85 up by Rs210.95 or 5.17% from its previous closing of Rs4,076.90 on the BSE. It has touched intraday high and low of Rs4,410.30 and Rs4,036 respectively.