Persistent Systems shares in focus after reporting 23% YoY jump in Q2 PAT

Shares of Persistent Systems are likely to remain in focus after the company on Tuesday announced its Q2 results . It reported a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis.

Meanwhile, its revenue increased by 20% YoY, which 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. Stock Trading Point & Figure Chart Mastery: A Comprehensive Trading Guide By - Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading A2Z of Stock Market for Beginners: Stock Market Course For Beginners By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.

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Current valuations however have limited room for error even as the company has charted out an impeccable track record over the last four years, supported by the company’s software product development pedigree. Nuvama: Buy| Target price: Rs 6,350 Persistent delivered yet another quarter of strong growth, and ‘core’ margins recovered sharply from the Q1 levels. Nuvama continues to like the company’s story and finds the margin concerns overdone.

Nuvama trimmed FY25E and 26E EPS by -2.5% and -3.2% respectively primarily on lower other income (EBIT largely intact).

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