PERSISTENT SYSTEMS Announces Quarterly Results (3QFY20); Net Profit Down 4.1%

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PERSISTENT SYSTEMS Announces Quarterly Results (3QFY20); Net Profit Down 4.1%
Sat, 1 Feb

PERSISTENT SYSTEMS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,6428,8469,2274.3%6.8%
Other incomeRs m230382348-9.1%51.2%
TurnoverRs m8,8729,2289,5753.8%7.9%
ExpensesRs m7,1807,6307,9924.8%11.3%
Gross profitRs m1,4621,2161,2351.5%-15.5%
DepreciationRs m3964254280.8%8.1%
InterestRs m11815-19.7%2103.0%
Profit before taxRs m1,2951,1561,140-1.4%-12.0%
TaxRs m378295260-11.7%-31.1%
Profit after taxRs m9178618792.2%-4.1%
Gross profit margin%16.913.813.4
Effective tax rate%29.225.522.9
Net profit margin%10.39.39.2
* 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 6.8% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit declined by 15.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 3QFY20 as against 16.9% in 3QFY19.
  • Depreciation charges increased by 8.1% and finance costs increased by 2103.0% YoY, respectively.
  • Other income increased by 51.2% YoY during the quarter.
  • Net profit for the quarter declined by 4.1% YoY. Net profit margins during the quarter declined from 10.3% in 3QFY19 to 9.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.8% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 3QFY20 as against 13.8% in 2QFY19.
  • Net profit for the quarter increased by 2.2% QoQ, while net profit margins declined from 9.3% in 2QFY19 to 9.2% in 3QFY20.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

PERSISTENT SYSTEMS Share Price Performance

Over the last one year,PERSISTENT SYSTEMS share price has moved up from Rs 617.8 to Rs 700.6, registering a Gain of Rs 82.8 or around 13.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,855.8 (down 0.1%). Over the last one year it has moved up from 15,434.0 to 15,855.8, a gain of 422 points (up 2.7%).

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 700.6, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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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)

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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.

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