Ai stock jumps 10% after its net profit increases by 30.4% YoYAi stock jumps 10% after its net profit increases by 30.4% YoY

Introduction:

Leading IT company has reported strong financial performance for Q3 FY25, achieving $360.2 million in revenue, reflecting significant growth. The company saw impressive increases in key metrics, including EBITDA, profit before and after tax, alongside a ₹20 interim dividend.

Also Read: Best Sectors To Watch For Budget 2025

Share price movement of Persistent Systems:

On January 23, 2025, Persistent Systems Ltd. opened at ₹5,828.85, up 2.52% from its previous close of ₹5,685.35. The stock reached a high of ₹6,336.00 (11.23%) and a low of ₹5,797.70. By 12:05 PM, it traded at ₹6,323.80, an 11.23% increase, with a market cap of ₹98,556.42 crore.

Persistent Systems Reports Strong Q3 Growth:

Persistent Systems reported impressive financial results for Q3 FY25, with revenue of $360.2 million, reflecting a 4.3% quarter-on-quarter and 19.9% year-on-year growth. The company continues to build on its consistent upward momentum.

For the quarter ending December 31, 2024, Persistent saw a revenue increase in INR terms as well, amounting to ₹306.23 crore, a 5.7% QoQ and 22.6% YoY growth. The company posted a robust EBITDA of ₹53.78 crore, marking an 11.9% increase YoY.

Persistent’s profit before tax (PBT) reached ₹48.20 crore, up by 23.8% YoY, while the profit after tax (PAT) rose 30.4% YoY to ₹37.29 crore. The company also declared an interim dividend of ₹20 per share, reinforcing shareholder value.

Stock performance of Persistent Systems for Period of 1 week, 6 months and 1 year:

Persistent Systems Ltd. has experienced a 6.40% decline in the past week, but its performance over the last 6 months shows a 19.1% gain and a 34.1% increase over the past year, reflecting strong long-term growth.

Also Read: Stocks To Watch For Budget 2025

Shareholding pattern of Persistent Systems:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	30.70%	30.70%	31.00%
FII	25%	23%	22.60%
DII	26.30%	27.40%	28.20%
Public	17.20%	17.00%	17.50%
Others	1.10%	1.70%	0.70%

About Persistent Systems:

Persistent Systems Ltd. (NSE: PERSISTENT) offers comprehensive Digital Engineering solutions, including product/platform engineering, cloud modernization, AI, data, and intelligent automation. With partnerships with Salesforce and AWS, it helps businesses modernize through innovative software, frameworks, and integration.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.