Persistent Systems Ltd

Persistent Systems announced that the Board of Directors of the Company at its meeting held on 24 April 2025, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 300%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, on a year-on-year basis, the company's consolidated net profit gained 25.51% to Rs 395.76 crore on a 25.15% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 505.21 crore in the fourth quarter of FY25, up 27.74% YoY from Rs 395.49 crore reported in the same quarter last year. In the March 2025 quarter, EBIT improved 34.94% to Rs 505.29 crore, compared to Rs 374.45 crore in Q4 FY24. The EBITDA margin also increased to 15.6%, up from 14.5% in the same period last year. In dollar terms, the IT firm's revenue stood at $375.2 million in Q4 FY25, up 20.68% YoY and 4.2% QoQ. The order booking for the quarter ended on 31st March 2025, was at $517.5 million in total contract value (TCV) and at $350.2 million in annual contract value (ACV) terms. On a full-year basis, the company's net profit advanced 28.05% to Rs 1,400.16 crore on a 21.38% jump in revenue from operations to Rs 12,076.87 crore in FY25 over FY24. Sandeep Kalra, chief executive officer and executive director of Persistent, said, 'We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led, platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.' Meanwhile, the company's board of directors announced a final dividend of Rs 15 per equity share for the financial year ended 31 March 2025. The record date to determine shareholder eligibility will be announced later via stock exchange filing. Notably, this brings the total dividend paid during the year to Rs 35 per share, a move the company said was made in recognition of its 35th anniversary. Additionally, the board approved the appointment of Vinit Teredesai as chief financial officer (CFO) and additional director (executive) of the company, effective 24 April 2025, for a term ending 30 September 2028. Furthermore, the board has approved the merger of Arrka Infosec, a wholly owned subsidiary, into Persistent Systems. The merger is subject to necessary statutory approvals under the Companies Act, 2013, and will be carried out through the National Company Law Tribunal (NCLT) route. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries.Powered by Capital Market - Live

The Board of Persistent Systems at its meeting held on 24 April 2025 has approved the proposal of Merger of Arrka Infosec (wholly owned subsidiary) into Persistent Systems subject to the receipt of necessary statutory approvals in accordance with the provisions of the Companies Act, 2013 through the National Company Law Tribunal route. Powered by Capital Market - Live

The Board of Persistent Systems at its meeting held on 24 April 2025 has approved the appointment of Vinit Teredesai, Chief Financial Officer (DIN: 03293917) as an Additional Director (Executive Member) of the Company with effect from 24 April 2025, till 30 September 2028. Powered by Capital Market - Live

Net profit of Persistent Systems rose 25.51% to Rs 395.76 crore in the quarter ended March 2025 as against Rs 315.32 crore during the previous quarter ended March 2024. Sales rose 25.15% to Rs 3242.11 crore in the quarter ended March 2025 as against Rs 2590.53 crore during the previous quarter ended March 2024. For the full year,net profit rose 28.05% to Rs 1400.16 crore in the year ended March 2025 as against Rs 1093.49 crore during the previous year ended March 2024. Sales rose 21.56% to Rs 11938.72 crore in the year ended March 2025 as against Rs 9821.59 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3242.112590.53 25 11938.729821.59 22 OPM %18.0317.54 -17.2417.06 - PBDT584.31475.41 23 2129.221756.98 21 PBT505.21395.49 28 1822.311447.61 26 NP395.76315.32 26 1400.161093.49 28 Powered by Capital Market - Live

Persistent Systems announced today that it has received the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Asia Pacific. This prestigious recognition highlights Persistent's achievements in helping enterprises seamlessly transition to Google Cloud, enabling cost optimization, scalability, and advanced AI-driven analytics to accelerate business growth. Persistent was selected for this award based on its successful execution of one of the largest Google Cloud migrations globally, helping a leading e-commerce platform transition 6,000+ microservices, 100+ PB of data, and large-scale AI/ML workloads to Google Cloud. Given the scale and complexity of migrating highly interdependent applications, data pipelines, and databases, Persistent ensured uninterrupted services for the e-commerce platform with zero downtime. The migration improved scalability, reduced cloud costs by 30%, and enhanced platform performance, empowering 100 million small businesses across India's digital economy. In 2025, Persistent solidified its position as a leading cloud transformation partner, driving innovation through large-scale migrations, AI-driven insights, and cloud-native solutions. Building on its strategic partnership agreement with Google Cloud, this recognition reaffirms Persistent's commitment to helping businesses across industries modernize their infrastructure, optimize operations, and unlock new growth opportunities on Google Cloud.Powered by Capital Market - Live

Persistent Systems will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Persistent Systems Ltd lost 5.63% today to trade at Rs 5016. The BSE Information Technology index is down 2.26% to quote at 34836.31. The index is down 4.89 % over last one month. Among the other constituents of the index, KPIT Technologies Ltd decreased 4.23% and Mphasis Ltd lost 3.3% on the day. The BSE Information Technology index went down 2.94 % over last one year compared to the 2.98% surge in benchmark SENSEX. Persistent Systems Ltd has lost 2.67% over last one month compared to 4.89% fall in BSE Information Technology index and 4.23% rise in the SENSEX. On the BSE, 4657 shares were traded in the counter so far compared with average daily volumes of 18611 shares in the past one month. The stock hit a record high of Rs 6788.8 on 20 Dec 2024. The stock hit a 52-week low of Rs 3232.6 on 04 Jun 2024.Powered by Capital Market - Live

Persistent Systems Ltd fell 1.83% today to trade at Rs 5200.4. The BSE Information Technology index is down 0.77% to quote at 37218.57. The index is down 11.91 % over last one month. Among the other constituents of the index, LTIMindtree Ltd decreased 1.7% and Zensar Technologies Ltd lost 1.54% on the day. The BSE Information Technology index went down 1.39 % over last one year compared to the 0.17% surge in benchmark SENSEX. Persistent Systems Ltd has lost 15.98% over last one month compared to 11.91% fall in BSE Information Technology index and 5.15% drop in the SENSEX. On the BSE, 520 shares were traded in the counter so far compared with average daily volumes of 13450 shares in the past one month. The stock hit a record high of Rs 6788.8 on 20 Dec 2024. The stock hit a 52-week low of Rs 3232.6 on 04 Jun 2024.Powered by Capital Market - Live

Persistent Systems Ltd fell for a fifth straight session today. The stock is quoting at Rs 5203.9, down 4.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73233.39, down 1.85%.Persistent Systems Ltd has eased around 17.08% in last one month.Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has eased around 12.81% in last one month and is currently quoting at 38946.65, down 3.92% on the day. The volume in the stock stood at 6.28 lakh shares today, compared to the daily average of 3.95 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 5235.4, down 4.68% on the day. Persistent Systems Ltd jumped 20.6% in last one year as compared to a 0.67% rally in NIFTY and a 0.8% fall in the Nifty IT index.The PE of the stock is 81.03 based on TTM earnings ending December 24.Powered by Capital Market - Live