Persistent Systems shares surged by more than 11% after the company delivered better-than-expected Q2 FY25 results, surpassing market expectations. The company’s strong performance was driven by higher-than-estimated constant currency revenue growth of 5%, compared to the 4.3% estimate, and an EBIT margin of 14%.
Key Financial Highlights:
- Revenue: ₹2,897.15 crore, marking a 5.9% quarter-on-quarter (QoQ) growth from ₹2,737.17 crore in Q1 FY25 and a 19.9% year-on-year (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.
The company’s robust revenue and profit growth, coupled with operational efficiency, has led to increased investor confidence, pushing the stock price higher. Persistent Systems’ continued growth in key business areas has positioned it as one of the most attractive stocks in the IT sector.
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