PERSISTENT SYSTEMS Announces Quarterly Results (3QFY19); Net Profit Up 0.1%

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PERSISTENT SYSTEMS Announces Quarterly Results (3QFY19); Net Profit Up 0.1%
Wed, 30 Jan

PERSISTENT SYSTEMS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,9198,3568,6423.4%9.1%
Other incomeRs m193232230-1.0%19.3%
TurnoverRs m8,1128,5888,8723.3%9.4%
ExpensesRs m6,5446,9197,1803.8%9.7%
Gross profitRs m1,3751,4361,4621.8%6.3%
DepreciationRs m393399396-0.6%0.9%
InterestRs m011-37.4%378.6%
Profit before taxRs m1,1751,2691,2952.1%10.2%
TaxRs m258387378-2.4%46.3%
Profit after taxRs m9178819174.1%0.1%
Gross profit margin%17.417.216.9
Effective tax rate%22.030.529.2
Net profit margin%11.310.310.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.1% on a year-on-year (YoY) basis. The expenses were up by 9.7% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.9% in 3QFY19.
  • Depreciation charges increased by 0.9% and finance costs increased by 378.6% YoY, respectively.
  • Other income increased by 19.3% YoY during the quarter.
  • Net profit for the quarter increased by 0.1% YoY. Net profit margins during the quarter declined from 11.3% in 3QFY18 to 10.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.8% QoQ during the same period.
  • The company's operating profit declined by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.9% in 3QFY19 as against 17.2% in 2QFY18.
  • Net profit for the quarter increased by 4.1% QoQ, while net profit margins increased from 10.3% in 2QFY18 to 10.3% in 3QFY19.

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

PERSISTENT SYSTEMS Share Price Performance

Over the last one year, PERSISTENT SYSTEMS share price has moved up from Rs 780.9 to Rs 599.6, registering a Loss of Rs 181.3 or around 23.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,913.2 (down 0.2%). Over the last one year it has moved up from 12,697.3 to 14,913.2, a gain of 2,216 points (up 17.5%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 599.6, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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Related Views on News

PERSISTENT SYSTEMS Announces Quarterly Results (2QFY20); Net Profit Down 2.3% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

For the quarter ended September 2019, PERSISTENT SYSTEMS has posted a net profit of Rs 861 m (down 2.3% YoY). Sales on the other hand came in at Rs 9 bn (up 5.9% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

PERSISTENT SYSTEMS Announces Quarterly Results (1QFY20); Net Profit Down 5.6% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, PERSISTENT SYSTEMS has posted a net profit of Rs 825 m (down 5.6% YoY). Sales on the other hand came in at Rs 8 bn (down 0.3% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

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Jan 22, 2020 03:37 PM

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