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PERSISTENT SYSTEMS REPORTS 11% GROWTH IN REVENUE FOR FY19

NEWS

PERSISTENT SYSTEMS REPORTS 11% GROWTH IN REVENUE FOR FY19, RECOMMENDS FINAL DIVIDEND OF Rs 3 PER SHARE MAKING TOTAL DIVIDEND OF Rs 11 PER SHARE

News Summary

Pune, India and Santa Clara, US – April 27th, 2019:Persistent Systems (BSE & NSE: #PERSISTENT), today announced the Company’s audited financial results for the quarter and year ended March 31, 2019, as approved by the Board of Directors.

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Consolidated Financial Highlights for the Financial Year 2018-19

FY18 FY19  Y o Y Growth
Revenue (USD Million) 470.55 480.97 2.20%
Revenue (INR Million ) 30337.03 33659.41 11.00%
EBITDA ( INR Million ) 4687.2 5805.36 23.90%
PBT ( INR Million ) 4292.61 4863.39 13.30%
PAT ( INR Million ) 3230.88 3516.79 8.80%

Consolidated Financial Highlights for the Quarter ended March 31,2019

Q4FY19 Q-o-Q Growth Y o Y Growth
Revenue (USD Million) 118.3 -2.10% 1.20%
Revenue (INR Million ) 8318.54 -3.70% 10.50%
EBITDA ( INR Million ) 1265.5 -25.70% 13.90%
PBT ( INR Million ) 1113.14 -14.10% 13.20%
PAT ( INR Million ) 844.75 -7.90% 14.60%

Dividend and Buyback

The Board of Directors at its meeting concluded on April 27, 2019, recommended final dividend of INR 3.00 per share on the face value of INR 10.00 each. In January 2019, the Board declared an interim dividend of INR 8.00 per share making total #dividend of INR 11.00 per share. The dividend recommended by the Board is subject to the approval of the members during the Annual General Meeting.

The Board had approved a share buyback via open market route for an amount of INR 2,250 Million at a maximum buyback price of INR 750 per share. As of April 26, 2019, the Company has purchased 2,230,113 shares for a total value of INR 1,421.71 Million representing 63% of the total buyback size. Read More

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