After the company’s net profit rose 8.2% to Rs 237.95 crore on a 5.9% increase in revenue to Rs 2,169.37 crore in the October-December quarter of FY23 over July-September of FY23, then Persistent Systems advanced 3.31% to Rs 4,092.60.

Gross profit for the period under review was Rs 733.36 crore, up 6.9% quarter-on-quarter. In contrast, EBITDA rose by 9.1% QoQ to Rs 401.56 crore, and EBITDA margin improved by 50 bps QoQ to 18.5% in the October-December quarter of FY23.

During the third quarter, profit before tax (PBT) stood at Rs 322.79 crore, up by 9.2% from Rs 295.60 crore in July-September FY23.

Compared with the October-December quarter of FY22, the company’s net profit and revenue increased by 34.9% and 45.4%, respectively.

In the last quarter of FY23, the order booking was at $440.2 million in total contract value (TCV) and $326.3 million in annual contract value (ACV) terms. The total headcount was 22,598, up 33% YoY. The attrition rate on a TTM basis was 21.6% in Q3 FY23 as against 23.7% in July-September of FY23 and 24.8% in the April-June quarter of FY23.

Interim dividend of Rs 28 per share on the face value of Rs 10 each for the financial year 2022-2023, declared after the approval of BOD. The company delivers enterprise modernization and digital engineering.