Persistent Systems Q4 FY22 PAT grows 14% QoQ to Rs 201 cr

28 Apr 2022 , 12:18 PM

Consolidated profit before tax (PBT) grew 13% to Rs 267.18 crore in Q4 March 2022 as against Rs 236.41 crore in Q3 December 2021. EBITDA jumped 12% to Rs 281.17 crore in Q4 FY22 over Q3 FY22. The total expenses increased by 45.86% to Rs 1412.74 crore in Q4 March 2022 as compared to Rs 968.51 crore in Q3 December 2021.

On a constant currency basis (in USD), revenues stood at $217.32 in Q4 FY22, registering a 9.1% quarter-on-quarter (Q-o-Q) basis and 42.2% year-on-year (Y-o-Y). The order booking for the quarter ended on 31 March 2022 was at $361 million in total contract value (TCV) and at $261.90 million in annual contract value (ACV).

Persistent Systems consolidated net profit surged 45.9% to Rs 200.99 crore on a 47.1% jump in net sales to Rs 1,637.85 crore in Q4 FY22 over Q4 FY21.

The board of directors recommended final dividend of Rs 11 per share on the face value of Rs 10 each. In January 2022, the board had declared an interim dividend of Rs 20 per share making the total dividend Rs 31 per share.

Anand Deshpande, the founder, chairman and managing director (MD) of Persistent Systems, stated, ?Growth and grit defined this year for Persistent Systems. Amidst global uncertainty, weve remained focused and flexible in driving client success as a leader in Digital Engineering and Enterprise Modernization. Persistents sustained growth underscores the values and commitment of our entire team to confidently transform new ideas into tangible business results.?

Shares of Persistent Systems rose 0.94% to Rs 4,115.05 on BSE. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization.

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