Persistent Systems Q2 Review: Kotak Securities Maintains Buy, Citi Retains Sell After Q2 Results
Persistent Systems secured new business in a quarterly results development.
· NDTV Profit
Persistent Systems reported a 27.1% sequential decline in net profit to Rs 352 crore in the September quarter, even as revenue rose 8.4% to Rs 4,664 crore.
The analysis
Persistent Systems reported Rs 352 crore and Rs 4,664 crore, with movement of 8.4% and 27.1% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.8% on the day at ₹5,619.50, and has returned +15.1% over three months. It sits 14% below its 52-week high. The it sector has moved +2.9% over the same period, so Persistent Systems is running 12.2 points ahead of its peers.
For Persistent Systems, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is PERSISTENT.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
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