Persistent Systems Share Price Drop 7% Ahead of Q3 FY25 Results Announcement

The share price of Persistent Systems, an IT company, fell by 6.71% on January 22, 2025, reaching an intraday low of ₹5,500. This decline comes ahead of the company’s Q3 FY25 results, which are set to be announced later today.

Strong Performance in Q2 FY25

In the previous quarter (Q2 FY25), Persistent Systems posted strong results. The company’s consolidated net profit grew by 23.4%, reaching ₹324.90 crore, up from ₹263.2 crore in Q2 FY24. Its revenue in US dollars stood at $345.5 million, marking a 5.3% increase from the previous quarter and an 18.4% rise year-on-year (Y-o-Y). In constant currency terms, the revenue increased by 5.1% compared to the previous quarter.

Persistent Systems also reported an earnings before interest and tax (EBIT) of ₹406.2 crore, up 5.8% quarter-on-quarter (Q-o-Q) and 28.8% Y-o-Y. The EBIT margin remained stable at 14%, with a slight increase of 30 basis points (bps) Y-o-Y.

Credit Rating Upgrade

Earlier this week, Persistent Systems announced that it had been given an [ICRA]AA+ (Stable) credit rating, reflecting its strong financial health and operational excellence.

About Persistent Systems

Persistent Systems is a global technology services company specialising in digital engineering and enterprise modernisation. It offers solutions in software engineering, cloud computing, IoT, customer experience (CX) transformation, and IT security. The company serves industries like banking, insurance, healthcare, life sciences, industrial sectors, telecom, and consumer technology, with a presence in regions such as India, the US, France, South Africa, and Japan.

As of 11:42 AM, Persistent Systems share price was down 7.05%, trading at ₹5,480.05, while the BSE Sensex was up 0.30%, at 76,067.41.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.