Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20%
Persistent Systems today announced its second quarter earnings, reporting a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis, while its revenue increased by 20% YoY.
The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.
Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
The total expenses for the reporting quarter rose to Rs 2,509.15 crore versus Rs 2,093.19 crore for the same quarter of the previous fiscal year.
The order booking for the quarter ended in September 2024 was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms.
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