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Persistent Systems Q2 Results FY24-25: ₹2,897.15 Crore Revenue, 23.4% PAT Growth

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Persistent Systems Limited has announced its consolidated financial results for Q2 FY25, delivering impressive growth in both revenue and profit. With a continued focus on AI-led and platform-driven services, the company remains a strong performer in the IT services sector.

Key Highlights

  • Revenue: ₹2,897.15 crore, up 5.8% QoQ and 20.1% YoY.
  • EBITDA: ₹480.73 crore, with a margin of 16.6%, a 5.6% QoQ increase.
  • PBT (Profit Before Tax): ₹434.52 crore, up 8.5% QoQ and 22.1% YoY.
  • PAT (Profit After Tax): ₹325 crore, a 6.1% QoQ increase and a 23.4% YoY growth.

PERSISTENT SYSTEMS LTD

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6359.7514.39 (0.22 %)

Updated - 11 December 2024
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Quarterly Performance - Persistent Systems Q2 Results FY24-25

Financial Metric

Q2 FY25 (₹ crore)

QoQ Growth (%)

YoY Growth (%)

Revenue

2,897.15

5.8%

20.1%

EBITDA

480.73

5.6%

18.7%

PBT

434.52

8.5%

22.1%

PAT

325.00

6.1%

23.4%

Segment Highlights

Persistent Systems strengthened its AI-led, platform-driven services strategy during Q2, which contributed to the company’s robust performance across multiple sectors:

  1. Software, Hi-Tech & Emerging Industries: Enhanced product engineering and data engineering for leading observability and cybersecurity companies.
  2. Banking, Financial Services & Insurance (BFSI): Persistent modernized cloud-based accounting software and integrated front-office technologies for large US-based fintech companies.
  3. Healthcare & Life Sciences: Established an AI-enabled software hub and modernized IT infrastructure for life sciences firms.

Sector Expectations for Persistent Q2 Results FY24-25

Persistent Systems' Q2 performance aligns with broader industry trends, reflecting the company's ability to adapt and grow amidst varying market conditions. The company continues to focus on key sectors, maintaining its competitive edge through innovative solutions.

Management Commentary

Sandeep Kalra, Chief Executive Officer of Persistent Systems, commented on the results, stating, “We are proud to announce the 18th sequential quarter of revenue growth, delivering $345.5M revenue, an 18.4% increase year-over-year. In the same period, our PAT grew by 23.4% in rupee terms. This quarter, we continued to strengthen our capabilities and advance our AI-led, platform driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact centre modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity.”

Check out Persistent Systems' past performances in previous quarters and financial years.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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