Adani Enterp. 2439.55↑5.90(0.24%)
Adani Ports 743.75↓-1.65(-0.22%)
Apollo Hospitals 5026.45↑86.35(1.75%)
Asian Paints 3224.80↑12.05(0.38%)
Axis Bank 976.75↑8.55(0.88%)
B P C L 368.10↑11.95(3.36%)
Bajaj Auto 4780.75↑54.50(1.15%)
Bajaj Finance 7079.95↓-34.00(-0.48%)
Bajaj Finserv 1480.90↑5.80(0.39%)
Bharti Airtel 844.25↑14.80(1.78%)
Britannia Inds. 4893.15↑187.75(3.99%)
Cipla 960.45↓-11.60(-1.19%)
Coal India 230.70↑2.90(1.27%)
Divi's Lab. 3542.10↑4.20(0.12%)
Dr Reddy's Labs 4673.75↑37.10(0.80%)
Eicher Motors 3727.40↑22.30(0.60%)
Grasim Inds 1769.05↑2.65(0.15%)
H D F C 2648.55↑13.20(0.50%)
HCL Technologies 1129.05↑0.45(0.04%)
HDFC Bank 1607.70↑8.30(0.52%)
HDFC Life Insur. 594.45↑14.75(2.54%)
Hero Motocorp 2958.00↑53.20(1.83%)
Hind. Unilever 2716.20↑25.05(0.93%)
Hindalco Inds. 422.60↑7.05(1.70%)
ICICI Bank 940.20↓-1.90(-0.20%)
IndusInd Bank 1311.20↑5.20(0.40%)
Infosys 1288.95↑9.95(0.78%)
ITC 443.95↑1.15(0.26%)
JSW Steel 729.75↑16.90(2.37%)
Kotak Mah. Bank 1939.40↓-19.65(-1.00%)
Larsen & Toubro 2315.50↑37.55(1.65%)
M & M 1406.40↓-4.80(-0.34%)
Maruti Suzuki 9707.50↓-28.70(-0.29%)
Nestle India 22367.75↑662.35(3.05%)
NTPC 177.35↑1.95(1.11%)
O N G C 153.85↑0.20(0.13%)
Power Grid Corpn 239.20↑3.90(1.66%)
Reliance Industr 2498.15↑18.80(0.76%)
SBI Life Insuran 1245.80↑22.80(1.86%)
St Bk of India 589.20↑3.85(0.66%)
Sun Pharma.Inds. 1014.60↑0.80(0.08%)
Tata Consumer 823.10↑31.00(3.91%)
Tata Motors 567.95↑12.20(2.20%)
Tata Steel 111.50↑2.50(2.29%)
TCS 3274.90↑42.60(1.32%)
Tech Mahindra 1095.70↑9.45(0.87%)
Titan Company 2906.95↑25.50(0.88%)
UltraTech Cem. 8157.60↑48.05(0.59%)
UPL 693.95↓-0.05(-0.01%)
Wipro 402.80↑2.85(0.71%)

Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3

The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.

Premium

2 min read Last Updated : Jan 19 2023 | 11:28 AM IST

Shares of Persistent Systems were up 5 per cent at Rs 4,161.75 on the BSE in Thursday’s intra-day trade in an otherwise subdued market after the company reported a 6 per cent sequential increase in revenues at Rs 2,169.37 crore for the quarter ended December 2022 (Q3FY23), meeting Street estimates. The company reported 11th sequential quarter of revenue growth. It's earnings before interest and tax (Ebit) was up 11.57 per cent at Rs 333.21 crore, while margin expanded to 15.36 per cent. Net profit grew 8.15 per cent quarter-on-quarter (QoQ) at Rs 237.95 crore in Q3FY23. The board approve