Persistent Systems shares jumped by over 6% after the company reported strong Q2 FY25 results, exceeding market expectations. The company posted a constant currency revenue growth of 5%, higher than the estimated 4.3%, and an EBIT margin of 14%.
Key Financial Highlights:
- Revenue: ₹2,897.15 crore, reflecting a 5.9% QoQ growth from ₹2,737.17 crore in Q1 FY25, and a 19.9% YoY increase from ₹2,411.67 crore in Q2 FY24.
- Net Profit: ₹324.99 crore, up 6.1% QoQ from ₹306.42 crore and 23.4% YoY from ₹263.27 crore in Q2 FY24.
As of 9:34 AM, Persistent Systems’ shares were trading 5.69% higher at ₹5,451.65 on the NSE.
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Persistent Systems