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Persistent Systems reports marginal increase in Q3 net profit

24 Jan 2012 Evaluate

Persistent Systems has reported results for its third quarter ended December 31, 2011.

The company has posted a 1.68% increase in its net profit of Rs 37.62 crore for the quarter ended December 31, 2011 as compared to Rs 37 crore for the same quarter in the previous year. Net sales have increased by 32.35% to Rs 201.68 crore for quarter under review from Rs 152.38 for the corresponding quarter of the preceding year.

On consolidated basis company has posted a 11.98% increase in its net profit of Rs 40.58crore for the quarter ended December 31, 2011 as compared to Rs 36.24 crore for the same quarter in the previous year. Net sales have increased by 37.35% from Rs 267.73 crore for Q3FY11 to Rs 194.93 crore in the quarter under review.

The board of directors has declared an interim dividend of Rs 3.50 per share for FY'12.

Persistent Systems Share Price

5113.80 130.50 (2.62%)
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