PERSISTENT SYSTEMS Announces Quarterly Results (1QFY22); Net Profit Up 68.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PERSISTENT SYSTEMS Announces Quarterly Results (1QFY22); Net Profit Up 68.0%
Mon, 26 Jul

PERSISTENT SYSTEMS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m9,91411,13412,29910.5%24.1%
Other incomeRs m212400388-3.1%82.8%
TurnoverRs m10,12611,53412,68710.0%25.3%
ExpensesRs m8,4569,25010,28411.2%21.6%
Gross profitRs m1,4581,8832,0157.0%38.2%
DepreciationRs m436419350-16.5%-19.6%
InterestRs m14162342.9%59.7%
Profit before taxRs m1,2201,8492,0319.8%66.4%
TaxRs m3204715189.9%61.7%
Profit after taxRs m9001,3781,5129.8%68.0%
Gross profit margin%14.716.916.4
Effective tax rate%26.225.525.5
Net profit margin%8.911.911.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 24.1% on a year-on-year (YoY) basis. The expenses were up by 21.6% YoY during the same period.
  • The company's operating profit increased by 38.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY22 as against 14.7% in 1QFY21.
  • Depreciation charges declined by 19.6% and finance costs increased by 59.7% YoY, respectively.
  • Other income increased by 82.8% YoY during the quarter.
  • Net profit for the quarter increased by 68.0% YoY. Net profit margins during the quarter increased from 8.9% in 1QFY21 to 11.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.2% QoQ during the same period.
  • The company's operating profit increased by 7.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 1QFY22 as against 16.9% in 4QFY21.
  • Net profit for the quarter increased by 9.8% QoQ, while net profit margins declined from 11.9% in 4QFY21 to 11.9% in 1QFY22.

To see how PERSISTENT SYSTEMS has performed over the last eight quarters,please visit here.

Going LIVE Today at 5pm: Our Special Event on India's Revival

PERSISTENT SYSTEMS Share Price Performance

Over the last one year, PERSISTENT SYSTEMS share price has moved up from Rs 773.2 to Rs 3,252.6, registering a Gain of Rs 2,479.5 or around 320.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 30,659.2 (up 0.3%). Over the last one year it has moved up from 17,378.1 to 30,659.2, a gain of 13,281 points (up 76.4%).

Overall, the S&P BSE SENSEX is up 39.6% over the year.

Current Valuations

At the current price of Rs 3,252.6, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 48.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.0 times.

Equitymaster requests your view! Post a comment on "PERSISTENT SYSTEMS Announces Quarterly Results (1QFY22); Net Profit Up 68.0%". Click here!

  

Related Views on News

PERSISTENT SYSTEMS Announces Quarterly Results (3QFY21); Net Profit Up 37.5% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, PERSISTENT SYSTEMS has posted a net profit of Rs 1 bn (up 37.5% YoY). Sales on the other hand came in at Rs 11 bn (up 16.5% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

PERSISTENT SYSTEMS Announces Quarterly Results (2QFY21); Net Profit Up 18.5% (Quarterly Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

For the quarter ended September 2020, PERSISTENT SYSTEMS has posted a net profit of Rs 1 bn (up 18.5% YoY). Sales on the other hand came in at Rs 10 bn (up 13.9% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

Why Did HCL Tech Shares Plunge Today? (Company Info)

Apr 26, 2021

Key takeaways from HCL Technologies Q4FY21 results.

Why Subex Shares Rallied 32% in the Last Two Sessions? (Company Info)

Apr 22, 2021

Share price of the company witnessed upward rally in the last trading session even as share markets remained volatile.

More Views on News

Most Popular

5 Specialty Chemical Stocks that Turned Multibaggers in One Year(Views On News)

Sep 17, 2021

These specialty chemical stocks have surged 200% or more in the last year. Do you own any?

A Rare Buying Opportunity in an Exciting Stock(Profit Hunter)

Sep 16, 2021

Whether agriculture sector goes through a structural transformation or not, this agrochemical stock has a good chance of winning.

5 Indian Companies with Over 7% in Dividend Yield(Views On News)

Sep 17, 2021

These stocks will give you better yields than bank deposits.

A Great Time to Buy ITC(Profit Hunter)

Sep 17, 2021

Is the worst over for the stock of ITC?

India's Most Trusted Corporate Group is...(Views On News)

Sep 11, 2021

We conducted a poll of 17 of the most popular corporate groups in India. With an overwhelming response from 5,274 participants, here is what we found.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

PERSISTENT SYSTEMS SHARE PRICE


Sep 24, 2021 02:22 PM

TRACK PERSISTENT SYSTEMS

  • Track your investment in PERSISTENT SYSTEMS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PERSISTENT SYSTEMS

PERSISTENT SYSTEMS - CHINASOFT COMPARISON

COMPARE PERSISTENT SYSTEMS WITH

MARKET STATS