Persistent Systems’ shares decline nearly 5% after the company reports a rise in quarterly revenue but a sharp fall in profit. Multiple outlets cite that net profit falls about 27% sequentially to Rs 352 crore, even as revenue increases to about Rs 4,664 crore in the September quarter.
The sell-off is linked to pressure on profitability. One report highlights margin contraction and acquisition-related costs as factors weighing on sentiment. Despite revenue growth of roughly 8% sequentially (and around 7.8% constant-currency growth cited by one source), brokerages remain divided on the stock. Kotak Securities keeps a “buy” view, while Citi maintains a “sell,” and other coverage points to valuation concerns as part of the disagreement. Investors are expected to focus on upcoming results and whether margins and profit stabilize after this quarter’s decline.
