25 Oct 2022 , 12:43 AM
Revenue growth was 9.08% in sequential terms. In terms of verticals, Persistent posted healthy growth across BFSI, Healthcare, life sciences and hi-tech verticals.
In terms of EBIT contribution, Healthcare had the best contribution while BFSI and hi-tech were around 33%.
Its sales mix is tilted more toward software and hi-tech verticals followed by the BFSI and healthcare verticals for the latest quarter.
The profit growth was much lower than the revenue growth and that can be attributed to nearly 50% growth in the manpower costs in the quarter on a yoy basis.
PAT margins were lower at 10.74% in the Sep-22 quarter compared to 11.97% in the Sep-21 quarter and as against 11.27% in June 2022 quarter. Net profits were up 37.9% in the first half of FY23 on a yoy basis.
Financial highlights for Sep-22 compared yoy and sequentially
Persistent Systems | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 2,048.64 | ₹ 1,351.25 | 51.61% | ₹ 1,878.11 | 9.08% |
Net Profit (Rs cr) | ₹ 220.01 | ₹ 161.75 | 36.02% | ₹ 211.61 | 3.97% |
Diluted EPS (Rs) | ₹ 28.79 | ₹ 21.16 | ₹ 27.69 | ||
Net Margins | 10.74% | 11.97% | 11.27% |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.