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PERSISTENT SYSTEMS Announces Quarterly Results (1QFY19); Net Profit Up 16.3%

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PERSISTENT SYSTEMS Announces Quarterly Results (1QFY19); Net Profit Up 16.3%
Mon, 30 Jul

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

PERSISTENT SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,2807,5258,34310.9%14.6%
Other incomeRs m368321187-41.8%-49.2%
TurnoverRs m7,6487,8468,5308.7%11.5%
ExpensesRs m6,2376,4426,9427.8%11.3%
Gross profitRs m1,0441,0841,40129.2%34.2%
DepreciationRs m392421401-4.8%2.3%
InterestRs m000-12.5%64.7%
Profit before taxRs m1,0199831,18620.6%16.4%
TaxRs m26924631326.9%16.5%
Profit after taxRs m75173787318.5%16.3%
Gross profit margin%14.314.416.8
Effective tax rate%26.325.126.4
Net profit margin%9.89.410.2
* 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 14.6% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit increased by 34.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY19 as against 14.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.3% YoY and 64.7% YoY, respectively.
  • Other income declined by 49.2% YoY during the quarter.
  • Net profit for the quarter increased by 16.3% YoY. Net profit margins during the quarter increased from 9.8% in 1QFY18 to 10.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit increased by 29.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY19 as against 14.4% in 4QFY18.
  • Net profit for the quarter increased by 18.5% QoQ, while net profit margins increased from 9.4% in 4QFY18 to 10.2% in 1QFY19.

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 643.9 to Rs 837.5, registering a Gain of Rs 193.7 or around 30.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,415.0 (down 0.7%). Over the last one year it has moved up from 10,361.1 to 14,415.0, a gain of 4,054 points (up 39.1%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 837.5, the price to earnings (P/E) ratio of PERSISTENT SYSTEMS stands at 20.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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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.

PERSISTENT SYSTEMS Announces Quarterly Results (2QFY19); Net Profit Up 6.7% (Quarterly Result Update)

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For the quarter ended September 2018, PERSISTENT SYSTEMS has posted a net profit of Rs 881 m (up 6.7% YoY). Sales on the other hand came in at Rs 8 bn (up 9.8% YoY). Read on for a complete analysis of PERSISTENT SYSTEMS's quarterly results.

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