Persistent Systems’ shares rose 10% today following impressive financial results for the quarter ending December 31, 2024.
The company posted a 22.6% YoY increase in revenue, reaching ₹3,062.28 crore, compared to ₹2,498.22 crore in Q3 FY24. Sequentially, revenue grew 5.7% from ₹2,897.15 crore in Q2 FY25.
Net profit also saw a 30.3% YoY increase, totaling ₹372.99 crore, up from ₹286.14 crore in Q3 FY24. Profit surged 14.8% QoQ from ₹324.99 crore in Q2 FY25.
Additionally, Persistent Systems announced an interim dividend of ₹20 per equity share for FY25, further boosting investor sentiment.
Persistent Systems’ stock opened at ₹5,790.00, with a high of ₹6,317.40 and a low of ₹5,783.15. The company’s 52-week high stands at ₹6,788.90, while the 52-week low was ₹3,232.05.
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