Persistent Systems Ltd.

Persistent Systems has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 13.52% in its net profit at Rs 61.49 crore for the quarter ended March 31, 2016 as compared to 71.10 crore for the same quarter in the previous year. However, total income of the company has increased by 17.19% at Rs 405.71 crore for quarter under review as compared to Rs 346.20 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a rise of 6.25% in its net profit after taxes, minority interest and share of profit of associates of Rs 80.80 crore for the quarter ended March 31, 2016 as compared to Rs 76.05 crore for the corresponding quarter in the FY15. Total income of the company increase by 36.05% at Rs 701.74 crore for quarter under review as compared to Rs 515.78 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a rise of 2.38% in its net profit at Rs 265.46crore as compared to Rs 259.29 crore for the same period in the previous year. Total income of company increased 14.17% at Rs 1527.78 crore for year under review as compared to Rs 1338.16 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted rise of 2.32% in its net profit after taxes, minority interest and share of profit of associates of Rs 297.36 crore as compared to Rs 290.63 crore for the same period in the previous year. Total income of company has increased by 20.44% at Rs 2390.78 crore for year under review as compared to Rs 1985.06 crore for the period ended March 31, 2015.