InvestorQ : How were the Q2FY23 results of Persistent Systems?
Mitali Bhutta made post

How were the Q2FY23 results of Persistent Systems?

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1 month ago
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Here is a gist of the financials of Persistent Systems for the 3 comparable quarters.

Persistent Systems

Rs in Crore

Sep-22

Sep-21

YOY

Jun-22

QOQ

Total Income (Rs cr)

₹ 2,048.64

₹ 1,351.25

51.61%

₹ 1,878.11

9.08%

Net Profit (Rs cr)

₹ 220.01

₹ 161.75

36.02%

₹ 211.61

3.97%

Diluted EPS (Rs)

₹ 28.79

₹ 21.16

₹ 27.69

Net Margins

10.74%

11.97%

11.27%

Persistent Systems reported 51.6% higher revenues at Rs2,049 crore for the quarter ending September 2022. Persistent posted healthy growth across BFSI (banking financial services, insurance), Healthcare, life sciences and hi-tech verticals. Healthcare made the best EBIT contribution while BFSI and hi-tech were next in line. PAT for September 2022 quarter was up 36.02% at Rs220 crore. Profit growth lagged revenue growth due to 50% spike in manpower costs. PAT margins were lower at 10.74% in Sep-22 quarter compared to 11.97% in the Sep-21 quarter and 11.27% in June 2022 quarter.
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