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PERSISTENT SYSTEMS Announces Quarterly Results (4QFY19); Net Profit Up 14.6%

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PERSISTENT SYSTEMS Announces Quarterly Results (4QFY19); Net Profit Up 14.6%
Tue, 30 Apr

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

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,5258,6428,319-3.7%10.5%
Other incomeRs m32123028423.5%-11.5%
TurnoverRs m7,8468,8728,603-3.0%9.6%
ExpensesRs m6,4427,1807,112-1.0%10.4%
Gross profitRs m1,0841,4621,207-17.5%11.4%
DepreciationRs m421396377-4.9%-10.5%
InterestRs m01153.7%221.9%
Profit before taxRs m9831,2951,113-14.1%13.2%
TaxRs m246378268-29.0%8.9%
Profit after taxRs m737917845-7.9%14.6%
Gross profit margin%14.416.914.5
Effective tax rate%25.129.224.1
Net profit margin%9.410.39.8
* 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 10.5% on a year-on-year (YoY) basis. The expenses were up by 10.4% YoY during the same period.
  • The company's operating profit increased by 11.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 4QFY19 as against 14.4% in 4QFY18.
  • Depreciation charges declined by 10.5% and finance costs increased by 221.9% YoY, respectively.
  • Other income declined by 11.5% YoY during the quarter.
  • Net profit for the quarter increased by 14.6% YoY. Net profit margins during the quarter increased from 9.4% in 4QFY18 to 9.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.0% QoQ during the same period.
  • The company's operating profit declined by 17.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 4QFY19 as against 16.9% in 3QFY18.
  • Net profit for the quarter declined by 7.9% QoQ, while net profit margins declined from 10.3% in 3QFY18 to 9.8% in 4QFY19.

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 808.0 to Rs 630.0, registering a Loss of Rs 178.0 or around 22.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,140.3 (up 0.6%). Over the last one year it has moved up from 13,567.7 to 16,140.3, a gain of 2,573 points (up 19.0%).

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 630.0, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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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.

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

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, PERSISTENT SYSTEMS has posted a net profit of Rs 917 m (up 0.1% YoY). Sales on the other hand came in at Rs 9 bn (up 9.1% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

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