Persistent Systems disclosed a steady growth in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 11.80% to Rs 578.37 million from Rs 517.34 million in the same quarter previous year.
Net sales for the quarter rose 20.07% to Rs 3,078.05 million, compared with Rs 2,563 million for the prior year period.
Earnings per share for the quarter stood at Rs 14.46, registering 11.83% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 3,078.05 | 2,563.49 | 20.07 |
| Net Profit | 578.37 | 517.34 | 11.80 |
| Basic EPS | 14.46 | 12.93 | 11.83 |
Shares of the company declined Rs 4.05, or 0.38%, to trade at Rs 1,062.10. The total volume of shares traded was 1,274 at the BSE (9.50 a.m., Monday).
