Persistent Systems Reports Strong Q2 FY24-25 Results with Record Cash Flow and Sales Growth

Jan 22 2025 05:47 PM IST
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Persistent Systems announced its financial results for Q2 FY24-25, highlighting strong growth in key metrics. The company achieved an operating cash flow of Rs 1,221.31 crore, net sales of Rs 2,897.15 crore, and an EPS of Rs 20.85, reflecting robust financial health in the IT software sector.
Persistent Systems has recently reported its financial results for the second quarter of FY24-25, showcasing notable growth across several key metrics. The company announced its results on January 22, 2025, revealing a robust operating cash flow of Rs 1,221.31 crore, the highest level achieved in the last three years. This performance underscores the company's capability to generate substantial cash revenues from its operations.

Net sales reached Rs 2,897.15 crore, marking the highest figure in the last five quarters, which indicates a positive trend in sales performance. Additionally, operating profit saw a significant rise, with PBDIT recorded at Rs 480.73 crore. Profit before tax was reported at Rs 388.00 crore, while profit after tax stood at Rs 325.00 crore, both reflecting favorable near-term developments.

Earnings per share (EPS) increased to Rs 20.85, highlighting enhanced profitability for shareholders. However, the company did observe a slowdown in its debtors turnover ratio, recorded at 5.05 times, alongside a rise in non-operating income, which may raise questions about sustainability. Overall, Persistent Systems continues to demonstrate strong financial health within the competitive IT software sector.

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