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Persistent Systems reports 2% fall in Q1 consolidated net profit

27 Jul 2015 Evaluate

Persistent Systems has reported results for first quarter ended June 30, 2015.

The company has reported 18.62% rise in its net profit at Rs 84.53 crore for the quarter ended June 30, 2015 as compared to Rs 71.26 crore for the same quarter in the previous year. The company’s total income has increased by 12.95% to Rs 356.06 crore for the quarter under review from Rs 315.22 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 2.31% fall in its net profit after taxes and minority interest at Rs 67.21 crore for the quarter ended June 30, 2015 as compared to Rs 68.80 crore for the same quarter in the previous year. However, total income of the company has increased by 13.39% at Rs 520.21 crore for quarter under review as compared to Rs 458.78 crore for the quarter ended June 30, 2014.

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