Persistent Systems profit increased 13.31% in (Q2) FY 2020-21

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Team Infinities:

Persistent Systems Limited NSE Symbol:PERSISTENT, BSE Security Code:533179 has declared its 2nd(second) quarter un-audited Consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
1024.24 1012.61 922.85 2036.86 1785.00
Calculated Revenue of Persistent Systems Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
11.63 1.15%(Revenue Increase) 101.39 10.99%(Revenue Increase) 251.86 14.11%(Revenue Increase)

Revenue: Persistent Systems Limited's financial report shows that the company's revenue increased by 1.15% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.11.63 crores, as the company posted revenue of Rs.1024.24 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.1012.61 crores.
The result also shows that the company's revenue increased by 10.99% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.101.39 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.922.85 crores.
The company also reported that its revenue increased by 14.11% in 6 months end(April, 2020 - September, 2020) for revenue increase of Rs.251.86 crores, since the company reported revenue of Rs.2036.86 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1785.00 crores.

EBITDA Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
182.92 167.03 159.91 349.93 310.15
Calculated EBITDA of Persistent Systems Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
15.89 9.51%(EBITDA Increase) 23.01 14.39%(EBITDA Increase) 39.78 12.83%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 9.51% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.15.89 crores, as the company posted EBITDA of Rs.182.92 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.167.03 crores.
The result also shows that the company's EBITDA increased by 14.39% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.23.01 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.159.91 crores.
The company also reported that its EBITDA increased by 12.83% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.39.78 crores, since the company reported EBITDA of Rs.349.93 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.310.15 crores.

Profit and Loss Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
101.99(Profit ) 90.01(Profit ) 86.07(Profit ) 191.99(Profit ) 168.54(Profit )
Calculated Profit and Loss of Persistent Systems Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
11.98 13.31%(Profit Increase) 15.92 18.50%(Profit Increase) 23.45 13.91%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 13.31% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.11.98 crores, as the company posted profit of Rs.101.99 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.90.01 crores.
The result also shows that the company's profit increased by 18.50% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.15.92 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.86.07 crores.
The company also reported that its profit increased by 13.91% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.23.45 crores, since the company reported profit of Rs.191.99 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.168.54 crores.

EPS Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
13.34 11.78 11.26 25.12 21.90
Calculated EPS of Persistent Systems Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
1.56 13.24%(EPS Increase) 2.08 18.47%(EPS Increase) 3.22 14.70%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 13.24% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.1.56, as the company posted EPS of Rs.13.34; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.11.78.
The result also shows that the company's EPS increased by 18.47% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.2.08; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.11.26.
The company also reported that its EPS increased by 14.70% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.3.22, since the company reported EPS of Rs.25.12; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.21.90.

Assets Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current 6 months Ended(September, 2020) Corresponding 6 months Ended(September, 2019) Current 6 months Ended(September, 2020) Corresponding 6 months Ended(September, 2019)
Reported 984.63 1022.47 2277.42 1790.91
  Change Change % Change Change %
Calculated 37.84 3.70%(Assets Decrease) 486.51 27.17%(Assets Increase)

Assets:The company reported its non-current assets decreased by 3.70% in current quarter(September, 2020) for non-current assets decrease of Rs.37.84 crores, since the company reported net non-current assets of Rs.984.63 crores; in compare to corresponding quarter(September, 2019) when the company reported net non-current assets of Rs.1022.47 crores.
The balance sheet of the company also shows that, its current assets increased by 27.17% in current quarter(September, 2020) for current assets increase of Rs.486.51 crores, as the company reported net current assets of Rs.2277.42 crores; against corresponding quarter(September, 2019) when the company reported net current assets of Rs.1790.91 crores.

Liabilities Reported by Persistent Systems Limited for Second Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current 6 months Ended(September, 2020) Corresponding 6 months Ended(September, 2019) Current 6 months Ended(September, 2020) Corresponding 6 months Ended(September, 2019)
Reported 73.79 67.51 619.09 440.10
  Change Change % Change Change %
Calculated 6.28 9.30%(Liabilities Increase) 178.99 40.67%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities increased by 9.30% in current quarter(September, 2020) for non-current liabilities increase of Rs.6.28 crores, since the company reported net non-current liabilities of Rs.73.79 crores; in compare to corresponding quarter(September, 2019) when the company reported net non-current liabilities of Rs.67.51 crores.
The balance sheet of the company also shows that, its current liabilities increased by 40.67% in current quarter(September, 2020) for current liabilities increase of Rs.178.99 crores, as the company reported net current liabilities of Rs.619.09 crores; against corresponding quarter(September, 2019) when the company reported net current liabilities of Rs.440.10 crores.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.