Persistent Systems Q4: Shares rise over 3.5% as PAT grows 6.1% QoQ, board recommends final dividend of ₹15/share

The company reported an encouraging set of numbers for the quarter.

Shares of the company jumped as much as 3.66% to ₹5,353 apiece on the NSE in the early trade on Thursday following the results announcement.

The company's profit after tax (PAT) on a consolidated basis came in at ₹395.76 crore, up 6.1% QoQ and 25.5% YoY.

Its profit margin stood at 12.2%.

The company's revenue in US dollar terms stood at $375.2 million, up 4.2% QoQ and 20.7% YoY. Revenue in rupee terms grew by 5.9% QoQ and 25.2% YoY to ₹3,242.11 crore.

Earnings before interest and taxes (EBIT) increased by 10.9% QoQ and 34.9% YoY to ₹505.29 crore.

PBT, or profit before tax, surged by 4.8% QoQ and 27.7% YoY to ₹505.21 crore.

FY25 Key numbers

For the full financial year 2024-25, Persistent Systems' revenue in US dollar terms increased by 18.8% to $1,409.1 million.

Revenue in rupee terms soared 21.6% YoY to ₹11,938.72 crore.

EBIT increased by 23.8% YoY to ₹1,751.26 crore. EBIT margin for the year stood at 15.3%.

PAT, or profit after tax, increased 28% YoY to ₹1,400.16 crore. PAT margin stood at 11.7%.

Dividend Update

The Board of Directors recommended a final dividend of ₹15 per share. This brings the total dividend for the year to ₹35. The dividend recommended by the board is subject to approval at the ensuing annual general meeting (AGM).

Furthermore, Persistent has appointed Vinit Teredesai, Chief Financial Officer, as an additional director to the board.

Management Commentary

Commenting on the Q4 results, Dr Anand Deshpande, Founder, Chairman, and Managing Director, Persistent Systems, said, “Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients’ digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision. I am delighted to welcome our CFO, Vinit Teredesai, as an additional director to our board.”

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems: "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."

"Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, the enduring strength of our capabilities, and operational discipline," Kalra added.

Outlook

The CEO said, "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, fuelled by continued rigour and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.”

Q4 FY25 client wins and outcomes

The order booking for the quarter that ended on March 31, 2025, was $517.5 million in total contract value (TCV) and $350.2 million in annual contract value. (ACV).