Persistent Systems Management On Stock Split News, Dividend And Strong Q3 Results

Persistent Systems posted a 20.2% YoY rise in Q3 net profit, reaching Rs 286.1 crore, attributed to a robust order book. On a QoQ basis, net profit surged by 8.7%. Q3 consolidated revenue hit Rs 2,498.2 crore, marking a 15.2% YoY increase and a 3.6% sequential rise. The EBIDTA margin rose to 17.7%, up from 13.7% in the previous quarter, aligning with the company's goal to enhance margins by 200-300 basis points over the next two to three years. Persistent Systems anticipates continued growth. BTTV's Sakshi Batra speaks with Sandeep Kalra, Chief Executive Officer, Persistent Systems. Watch this interview.