Can you tell me about the quarterly results of Persistent Systems for Q4?
Answer
Answer
Persistent Systems net sales for the Mar-22 quarter grew 47.11 at Rs.1,638 crore while on a sequential basis, revenues were up by 9.80%. Persistent saw sharp growth in revenues across all key verticals including BFSI, healthcare & life sciences as well as the technology verticals. Net cash from operations were up 14.8% at Rs.845 crore for FY22. Final dividend recommended was Rs.11/share on top of Rs.20/share interim dividend already declared.
Persistent Systems
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 1,637.85
₹ 1,113.36
47.11%
₹ 1,491.72
9.80%
Net Profit (Rs cr)
₹ 200.99
₹ 137.76
45.90%
₹ 176.40
13.94%
Diluted EPS (Rs)
₹ 26.30
₹ 18.03
₹ 23.08
Net Margins
12.27%
12.37%
11.83%
Q4 net profits was up 45.9% at Rs.200.99 crore. In terms of verticals, BFSI vertical showed tepid growth yoy. However, this was more than compensated by operating profit growth in the healthcare & life sciences vertical as well as the technology vertical. Net profit margins for the Mar-22 quarter was 12.27% compared to 12.37% in Mar-21 quarter. The net margins were higher sequentially compared to 11.83% in Q3.