PERSISTENT SYSTEMS Announces Quarterly Results (4QFY18); Net Profit Up 1.3%

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 (4QFY18); Net Profit Up 1.3%
Fri, 20 Jul

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

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m7,2717,9197,525-5.0%3.5%
Other incomeRs m14319332166.5%123.9%
TurnoverRs m7,4148,1127,846-3.3%5.8%
ExpensesRs m5,9696,5446,442-1.6%7.9%
Gross profitRs m1,1881,3751,084-21.2%-8.7%
DepreciationRs m3943934217.2%6.8%
InterestRs m000128.6%88.2%
Profit before taxRs m9371,175983-16.3%5.0%
TaxRs m209258246-4.7%18.2%
Profit after taxRs m728917737-19.6%1.3%
Gross profit margin%16.317.414.4
Effective tax rate%22.322.025.1
Net profit margin%9.811.39.4
* 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 3.5% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 8.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY18 as against 16.3% in 4QFY17.
  • Depreciation charges and finance costs increased by 6.8% YoY and 88.2% YoY, respectively.
  • Other income increased by 123.9% YoY during the quarter.
  • Net profit for the quarter increased by 1.3% YoY. Net profit margins during the quarter declined from 9.8% in 4QFY17 to 9.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.6% QoQ during the same period.
  • The company's operating profit declined by 21.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY18 as against 17.4% in 3QFY17.
  • Net profit for the quarter declined by 19.6% QoQ, while net profit margins declined from 11.3% in 3QFY17 to 9.4% in 4QFY18.

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 657.1 to Rs 834.4, registering a Gain of Rs 177.4 or around 27.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,607.6 (up 1.8%). Over the last one year it has moved up from 10,154.0 to 14,607.6, a gain of 4,453.6 points (up 43.9%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 834.4, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 20.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

Equitymaster requests your view! Post a comment on "PERSISTENT SYSTEMS Announces Quarterly Results (4QFY18); Net Profit Up 1.3%". Click here!

  

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.

More Views on News

Most Popular

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

The Best Asset Class to Invest in 2020(Fast Profits Daily)

Jan 24, 2020

Why I'm most bullish on this asset class above all else in 2020.

Small is Beautiful in 2020 (A Prediction You Don't Want to Miss)(Profit Hunter)

Jan 17, 2020

As always Apurva will predict the best asset class to invest in in the coming year, last year he predicted gold and he was bang on! And this year he predicts... wait, you have to read to find out! Don't miss this.

The Smallcap Rebound Has Begun (13 Stocks Up Over 20% in the last Month)(Profit Hunter)

Jan 21, 2020

The best smallcap stocks to bet on to get rich in this market rebound.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

PERSISTENT SYSTEMS SHARE PRICE


Jan 29, 2020 03:37 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 - TREE HOUSE COMPARISON

COMPARE PERSISTENT SYSTEMS WITH

MARKET STATS