Latest news with #ArrkaInfosec
Business Standard
24-04-2025
- Business
- Business Standard
Persistent Systems rises after Q4 PAT jumps 6% QoQ to Rs 396 cr; declares dividend of Rs 15/sh
Persistent Systems rallied 2.78% to Rs 5,306.50 after the company's net profit advanced 6.1% to Rs 395.76 crore on a 5.87% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the companys consolidated net profit gained 25.51% to Rs 395.76 crore on a 25.15% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 505.21 crore in the fourth quarter of FY25, up 27.74% YoY from Rs 395.49 crore reported in the same quarter last year. In the March 2025 quarter, EBIT improved 34.94% to Rs 505.29 crore, compared to Rs 374.45 crore in Q4 FY24. The EBITDA margin also increased to 15.6%, up from 14.5% in the same period last year. In dollar terms, the IT firms revenue stood at $375.2 million in Q4 FY25, up 20.68% YoY and 4.2% QoQ. The order booking for the quarter ended on 31st March 2025, was at $517.5 million in total contract value (TCV) and at $350.2 million in annual contract value (ACV) terms. On a full-year basis, the companys net profit advanced 28.05% to Rs 1,400.16 crore on a 21.38% jump in revenue from operations to Rs 12,076.87 crore in FY25 over FY24. Sandeep Kalra, chief executive officer and executive director of Persistent, said, We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led, platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders. Meanwhile, the companys board of directors announced a final dividend of Rs 15 per equity share for the financial year ended 31 March 2025. The record date to determine shareholder eligibility will be announced later via stock exchange filing. Notably, this brings the total dividend paid during the year to Rs 35 per share, a move the company said was made in recognition of its 35th anniversary. Additionally, the board approved the appointment of Vinit Teredesai as chief financial officer (CFO) and additional director (executive) of the company, effective 24 April 2025, for a term ending 30 September 2028. Furthermore, the board has approved the merger of Arrka Infosec, a wholly owned subsidiary, into Persistent Systems. The merger is subject to necessary statutory approvals under the Companies Act, 2013, and will be carried out through the National Company Law Tribunal (NCLT) route. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries.
Business Standard
24-04-2025
- Business
- Business Standard
Board approves merger of Arrka Infosec into Persistent Systems
At meeting held on 24 April 2025The Board of Persistent Systems at its meeting held on 24 April 2025 has approved the proposal of Merger of Arrka Infosec (wholly owned subsidiary) into Persistent Systems subject to the receipt of necessary statutory approvals in accordance with the provisions of the Companies Act, 2013 through the National Company Law Tribunal route. Powered by Capital Market - Live News
News18
24-04-2025
- Business
- News18
Dividend Alert: This IT Company Announces Rs 15 Final Payout For FY25; Check Details
Last Updated: A BSE 100 IT company announced a final dividend of Rs 15 per equity share for FY2024-25. Persistent Systems Final Dividend 2025: Persistent Systems, Indian multinational IT company, on Thursday announced a final dividend of Rs 15 per equity share for the financial year 2024-25. However, the company will decide the record date for the purpose of payment of the final dividend for the FY2024-25 later in a separate intimation. 'This Final Dividend is subject to the approval of Members at the ensuing 35th Annual General Meeting which will be held on or before September 30, 2025," as informed by the company in the filing. 'The Book Closure and Record date for the purpose of payment of the Final Dividend for the Financial Year 2024-25 will be determined later and will be informed separately." Merger Of Arrka Infosec Approved advetisement The board members in the meeting on April 24 also approved the merger of Arrka Infosec Private Limited into Persistent Systems Limited, subject to the receipt of necessary statutory approvals in accordance with the provisions of the Companies Act, 2013 through the National Company Law Tribunal route. Arrka Infosec Private Limited is a Wholly Owned Subsidiary of Persistent Systems Limited (Holding Company). Arrka Infosec has total of 103,401 equity shares with the face value of Rs 10. On Wednesday, Persistent Systems' shares settled 4 per cent higher to Rs 5,162.70 apiece. The day's high and low stood at Rs 5,248.95 and Rs 5,026. respectively. Persistent Systems Share Price History Advertisement Persistent Systems' share price history can be observed through its financial performance over recent quarters and fiscal years. For the December 2024 quarter, revenue stood at Rs 3,001.67 million, showing an increase from Rs 2,847.41 million in the September 2024 quarter. For the fiscal year 2023-2024, the cumulative revenue reached Rs 6,514.22 million. Net profit for the December 2024 quarter was Rs 333.61 million, up from Rs 285.96 million in September 2024, totaling Rs 985.67 million for the fiscal year. top videos View All The Earnings Per Share (EPS) for December 2024 was Rs 21.41, compared to Rs 18.46 in the previous quarter, with a yearly EPS of Rs 64. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. Location : New Delhi, India, India First Published: April 24, 2025, 07:27 IST News business » markets Dividend Alert: This IT Company Announces Rs 15 Final Payout For FY25; Check Details
