Persistent Systems Share Price Gains Post Q4 Revenue, Profit Rise

Persistent Systems Ltd. shares rose over 3% on Thursday following the announcement of its fourth-quarter earnings.

The IT services firm reported a 5.9% increase in revenue, reaching Rs 3,242 crore in the January-March quarter of fiscal 2025, compared to Rs 3,062 crore in the previous quarter. This growth was accompanied by an improvement in earnings before interest and taxes, which rose by 10.9% to Rs 505 crore from Rs 456 crore quarter-on-quarter. Ebit margin also saw an uptick, expanding to 15.6% from 14.9%.

Net profit for the quarter grew by 6.1%, amounting to Rs 396 crore, up from Rs 373 crore in the previous quarter.

Headquartered in Pune, the company specialises in software and technology services. Founded in 1990, it provides solutions in areas such as digital transformation, cloud computing, and data analytics. The company serves clients across various industries, including healthcare, financial services, and telecommunications.

The scrip rose as much as 3.67% to Rs 5,353 apiece. It pared gains to trade 2.95% higher at Rs 5,316 apiece, as of 09:29 a.m. This compares to a 0.31% advance in the NSE Nifty 50.

It has risen 53.36% in the last 12 months. Total traded volume so far in the day stood at 10 times its 30-day average. The relative strength index was at 57.

Out of 41 analysts tracking the company, 23 maintain a 'buy' rating, six recommend a 'hold' and 12 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.1%.