Persistent Systems’ shares saw a 6% jump after the company reported strong financial growth for the quarter ending December 31, 2024. As of 9:39 AM, the shares were trading 6.77% higher at Rs 6,068.00.
The company recorded a 22.6% YoY increase in revenue, totaling ₹3,062.28 crore, compared to ₹2,498.22 crore in Q3 FY24. Sequentially, the revenue grew by 5.7% from ₹2,897.15 crore in Q2 FY25.
Net profit also rose by 30.3% YoY, reaching ₹372.99 crore, up from ₹286.14 crore in the same period last year. The company posted a 14.8% QoQ increase in profit compared to ₹324.99 crore in Q2 FY25.
Persistent Systems opened at ₹5,790.00, with a high of ₹6,123.95 and a low of ₹5,783.15 during trading. The stock has a 52-week high of ₹6,788.90 and a low of ₹3,232.05.
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