Persistent Systems disclosed a marginal decline in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 8.21% to Rs 557.85 million from Rs 607.73 million in the same quarter previous year.
Net sales for the quarter declined marginally 2.23% to Rs 3,010.62 million, compared with Rs 3,079.28 million for the prior year period.
Earnings per share for the quarter stood at Rs 13.95, registering 8.16% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Sep - 14 | Sep - 13 | %Change |
Net Sales | 3,010.62 | 3,079.28 | (2.23) |
Net Profit | 557.85 | 607.73 | (8.21) |
Basic EPS | 13.95 | 15.19 | (8.16) |
Shares of the company declined Rs 74.35, or 5.56%, to trade at Rs 1,262.20. The total volume of shares traded was 10,555 at the BSE (2.08 p.m., Monday).