Persistent Systems announced a good increase in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 20.51% to Rs 688.04 million from Rs 570.95 million in the same quarter last year.
Net sales for the quarter rose 21.75% to Rs 4,349.87 million, compared with Rs 3,573 million for the prior year period.
Earnings per share for the quarter stood at Rs 17.20, registering 20.53% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 4,349.87 | 3,572.88 | 21.75 |
| Net Profit | 688.04 | 570.95 | 20.51 |
| Basic EPS | 17.20 | 14.27 | 20.53 |
Shares of the company declined Rs 20.3, or 1.58%, to trade at Rs 1,265.00. The total volume of shares traded was 12,141 at the BSE (12.27 p.m., Monday).
