Persistent Systems reports 17% growth in Q2 consolidated net profit

20 Oct 2014

Persistent Systems has reported results for second quarter ended September 30, 2014.

The company has registered 8.21% fall in its net profit at Rs 55.78 crore for the quarter under review as compared to Rs 60.77 crore for the same quarter in the previous year. However, total income of the company has increased 3.57% at Rs 328.58 crore for Q2FY15 as compared Rs 317.25 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 17.32% growth at Rs 71.31 crore against Rs 60.78 crore in the September quarter of previous fiscal. The company’s total income has increased by 11.26% at Rs 491.12 crore for the quarter under review from Rs 441.40 crore in the similar quarter of previous year.

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SEBI Registered: Investment Adviser - INA000013323