*Persistent Systems Ltd.* | *CMP* Rs. 466 | *M Cap* Rs. 3561 Cr | *52 W H/L* 740/420
(Nirmal Bang Retail Research)
Dollar revenue came at $ 127 mn vs expectation of $ 126 mn, QoQ $ 129.4 mn, YoY $ 118.3 mn
*Result is in-line with expectations*
Revenue from Operations came at Rs. 926.4 Cr (0.4% QoQ, 11.4% YoY) vs expectation of Rs. 923.3 Cr, QoQ Rs. 922.7 Cr, YoY Rs. 831.9 Cr
EBIDTA came at Rs. 126.9 Cr (2.7% QoQ, 5.1% YoY) vs expectation of Rs. 124.2 Cr, QoQ Rs. 123.5 Cr, YoY Rs. 120.7 Cr
EBITDA Margin came at 13.7% vs expectation of 13.4%, QoQ 13.4%, YoY 14.5%
Adj. PAT came at Rs. 83.8 Cr vs expectation of Rs. 83.4 Cr, QoQ Rs. 87.9 Cr, YoY Rs. 84.5 Cr
Quarter EPS is Rs. 11
Share is trading at P/E of 9.6x FY21E EPS