Persistent Systems To Be Cautious' On Campus Hiring This Year, CEO Says
The current situation has led to a relook into the hiring plan for the new fiscal at the Pune-headquartered company.23-04-2024
23-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation of the above-referred intimation and pursuant to Regulation 30 and Regulation 46(2)(oa) or any other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Outcome and Audio call recording of investor/analyst call held on Monday, April 22, 2024, at 08:00 am (IST) is available on Company's website on the following links: Link for the outcome of the investors/analysts' call: FY24Q4_Investor Presentation (persistent.com) Link for Audio call recording of investors/analysts call: persistent.com/wp-content/uploads/2024/04/Analyst-Call-Audio-Recording-Q4FY24.mp3 This is for your information and records. Please acknowledge the receipt.22-04-2024
Q4FY24 Quarterly & Annual Result Announced for Persistent Systems Ltd.
IT Consulting & Software company Persistent Systems announced consolidated Q4FY24 & FY24 results: FY24 Financial Highlights: - Revenue: Persistent Systems announced a revenue of USD 1,186.05 million for the financial year 2024, reflecting a YoY growth of 14.5%. In Indian currency, the revenue equated to Rs 98,215.87 million, representing a 17.6% increase from the previous year. - EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) for FY24 amounted to Rs 17,243.02 million, showing a growth of 13.5% over the prior year. - PBT: Profit before tax (PBT) stood at Rs 14,476.06 million for the financial year, up by 16.7% YoY. - PAT: Net profit after tax (PAT) increased by 18.7% to Rs 10,934.92 million. Q4FY24 Financial Highlights: - Revenue: Quarterly revenue amounted to USD 310.89 million, up by 3.4% QoQ and 13.2% YoY. In Rs terms, this was a revenue of Rs 25,905.26 million, a QoQ growth of 3.7% and a 14.9% increase from the same quarter in the previous year. - EBITDA: EBITDA for the quarter was Rs 4,543.62 million, experiencing a 2.8% increase from the last quarter and a 9.1% hike compared to the same period last year. - PBT: Profit before tax for the quarter grew by 1.6% QoQ to Rs 3,954.93 million, marking a 16.1% increase over the same quarter of the previous year. - PAT: Net profit after tax for the final quarter of FY24 surged by 10.2% QoQ and 25.4% YoY to Rs 3,153.22 million. Dividend: - The Board of Directors recommended a final dividend of Rs 10 per share on the face value of Rs 5 per share for the financial year 2023-24. Commenting on the results,Anand Deshpande, Founder, Chairman, and Managing Director at Persistent said,"Our continued success this fiscal year is a testament to our innovative spirit, remarkable resilience, and strategic foresight, powering the digital transformation journeys of our clients. We approach every challenge as an opportunity and every achievement as a stepping-stone for future endeavors. Our determination to excel in everything we do has helped us set new benchmarks in the industry. We will continue to push the boundaries to scale new heights in the coming year." Commenting on the results, Sandeep Kalra,Chief Executive Officer and Executive Director at Persistent said, "As we reflect on fiscal year 2024, I would like to extend my gratitude towards our incredible team, clients, partners, and investors, whose continued trust has powered our impressive journey. Our industry-leading growth, strong operational rigor, and commitment to building differentiated capabilities led to Persistent’s recognition as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. We were also included in three prestigious capital market indices – MSCI India Index, S&P; BSE 100, and S&P; BSE SENSEX Next 50. As we enter the new fiscal year, we are confident in our ability to drive sustainable growth with strategic investments in disruptive technologies like AI and are excited about the road ahead." Result PDF22-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Audited Financial Statements For The Quarter And Year Ended March 31, 2024
The audited financial statements for the quarter and year ended are provided as per the enclosed letter.21-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Investor Presentation
The Fact Sheet is attached herewith.21-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The Press Release is attached herewith.21-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Corporate Action-Board approves Dividend
The Dividend details are enclosed herewith.21-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Outcome Of The Board Meeting Held On April 20, 2024, And Continued On April 21, 2024, In New Jersey, USA / At Equivalent Indian Standard Time (IST)
The Financial Results are enclosed herewith.21-04-2024
PERSISTENT SYSTEMS LTD. - 533179 - Board Meeting Outcome for Outcome Of The Board Meeting Held On April 20, 2024, And Continued On April 21, 2024, In New Jersey, USA / At Equivalent Indian Standard Time (IST)
A. Approval of the Audited Financial Results for the quarter and year ended March 31, 2024 B. Final Dividend for the Financial Year 2023-2421-04-2024