PERSISTENT SYSTEMS LIMITED Consolidated Financial Highlights for the Financial Year 2023-2024:
FY23 FY24 Y-o-Y growth
Revenue (USD Million) 1,035.98 1,186.05 14.5%
Revenue (INR Million) 83,505.92 98,215.87 17.6%
EBITDA (INR Million) 15,191.25 17,243.02 13.5%
PBT (INR Million) 12,408.52 14,476.06 16.7%
PAT (INR Million) 9,210.93 10,934.92 18.7%
Consolidated Financial Highlights for the Quarter ended
Q4 FY24 Q-o-Q growth Y-o-Y growth
Revenue (USD Million) 310.89 3.4% 13.2%
Revenue (INR Million) 25,905.26 3.7% 14.9%
EBITDA (INR Million) 4,543.62 2.8% 9.1%
PBT (INR Million) 3,954.93 1.6% 16.1%
PAT (INR Million) 3,153.22 10.2% 25.4%
The Board of Directors recommended a final dividend of ?10 per share on the face value of ?5 per share for financial year 2023-24. The final dividend recommended by the Board is subject to the approval of the members during the ensuing Annual General Meeting.
In
'Our continued success this fiscal year is a testament to our innovative spirit, remarkable resilience, and strategic foresight, powering the digital transformation journeys of our clients. We approach every challenge as an opportunity and every achievement as a steppingstone for future endeavors. Our determination to excel in everything we do has helped us set new benchmarks in the industry. We will continue to push the boundaries to scale new heights in the coming year.'
'As we reflect on fiscal year 2024, I would like to extend my gratitude towards our incredible team, clients, partners, and investors, whose continued trust has powered our impressive journey.
Our industry-leading growth, strong operational rigor, and commitment to building differentiated capabilities led to Persistent's recognition as the 'Most Promising Company' of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. We were also included in three prestigious capital market indices - MSCI India Index, S&P BSE 100, and S&P BSE SENSEX Next 50.
As we enter the new fiscal year, we are confident in our ability to drive sustainable growth with strategic investments in disruptive technologies like AI and excited about the road ahead.'
Fourth Quarter FY24 Client Wins and Outcomes
The order booking for the quarter ended on
Some of the key wins for the quarter include:
Software,
Spearheading IT transformation initiatives, including upgrading legacy middleware stack to open-source and developing AI/ML applications for a leading consumer intelligence company
Enabling open-source software porting and validation to support large data volume for a key cloud infrastructure offering for one of the largest global technology companies
Setting up an offshore research and development center for the core energy control system for one of the largest European conglomerates
Banking,
Accelerating digital transformation and automation as well as engineering a GenAI platform for a leading insurance distribution and risk management firm
Driving new CRM experiences including workflow automation for sales, contact center, and marketing for the financial services arm of a Fortune 500 automobile company
Building next-generation banking platform for neo-banks and building societies leveraging Digital Engineering capabilities for a leading
Healthcare & Life Sciences
Developing a modern data and analytics platform in collaboration with one of the largest data warehousing firms and a leading hyperscaler for a drug wholesaler and contract research organization
Migrating clinical applications to a unified cloud platform and integrating them with electronic medical record applications for a leading renal care service provider
Building a centralized patient relationship management system to enhance patient care and operational efficiency for a leading biopharmaceutical company
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