Persistent Systems Reports Record High Sales and Profits Amid Debt Collection Challenges in December 2024
Persistent Systems has recently reported its financial results for the quarter ending December 2024, showcasing a range of noteworthy developments. The company's net sales reached a record high of Rs 3,062.28 crore, marking consistent growth over the last five quarters. This positive trend is mirrored in the operating profit, which also hit a peak of Rs 537.84 crore during the same period.Profit before tax (PBT) and profit after tax (PAT) figures reflect similar upward trajectories, with PBT recorded at Rs 439.41 crore and PAT at Rs 372.99 crore, both representing the highest levels in the last five quarters. Additionally, the earnings per share (EPS) reached Rs 23.93, indicating enhanced profitability and value creation for shareholders.
However, the financial results also highlight a challenge, as the debtors turnover ratio has declined to 5.05 times, the lowest in the last ten half-yearly periods, suggesting a slowdown in the company's ability to settle its debts.
Overall, Persistent Systems has experienced evaluation changes in its financial score, reflecting the dynamics of its recent performance.
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