Persistent Systems Ltd.

BSE: 533179 | NSE: PERSISTENT
Mid Cap | IT - Software
6447.50
44.40 (0.69%)
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Persistent Systems soars despite reporting 2% fall in Q1 consolidated net profit

Date: 27-07-2015

Persistent Systems is currently trading at Rs. 654.00, up by 16.65 points or 2.61% from its previous closing of Rs. 637.35 on the BSE.

The scrip opened at Rs. 644.95 and has touched a high and low of Rs. 659.90 and Rs. 643.10 respectively. So far 11046 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.83 on 02-Jan-2015 and a 52 week low of Rs. 577.00 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 671.50 and Rs. 623.55 respectively. The current market cap of the company is Rs. 5246.80 crore.

The promoters holding in the company stood at 38.53% while Institutions and Non-Institutions held 31.35% and 30.12% respectively.

Persistent Systems 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.