Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Persistent Systems Limited Interim / Quarterly Report 2023

Apr 26, 2023

60826_rns_2023-04-26_79eb9d75-b27d-4419-9c51-74ac7e92a60f.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [107 x 25] intentionally omitted <==

NSE & BSE / 2023-24 / 020

April 26, 2023

The Manager Corporate Services National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Ref: Symbol: PERSISTENT

The Manager Corporate Services BSE Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533179

Dear Sir/Madam,

Sub: Submission of the Newspaper Advertisement under Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’), and all other applicable regulations, if any, we enclose the copies of the newspaper advertisements published on Wednesday, April 26, 2023, regarding the Audited Financial results of the Company for the quarter and period ended March 31, 2023, as specified in Regulation 33 of the SEBI LODR Regulations.

The details of the publication are as follows:

Sr. No. Newspaper **Language ** Editions
1 Financial Express English All
2 Loksatta Marathi Pune

We request you to take the same on your records.

Please acknowledge the receipt.

Thanking you,

Yours sincerely, For Persistent Systems Limited

Amit Digitally signed by Amit Murari Murari Atre Date: 2023.04.26 Atre 15:32:32 +05'30' Amit Atre Company Secretary ICSI Membership No.: ACS 20507

Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696

Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - [email protected] | Website - www.persistent.com

WWW.FINANCIALEXPRESS.COM

WEDNESDAY, APRIL 26, 2023

Persistent Systems Limited

Registered Office : Bhageerath, 402, Senapati Bapat Road, Pune 411016, India Ph. No. +91(20)67030000; Fax +91(20)67030009; Email : [email protected], ‘www.persistent.com’. CIN L72300PN1990PLC056696

Statement of Consolidated audited results of Persistent Systems Limited for the quarter and the year ended March 31, 2023

==> picture [1435 x 1768] intentionally omitted <==

----- Start of picture text -----

in Million in Million
Quarter ended Year ended As at
Sr. Particulars Particulars
No. March 31, 2023 Dec 31, 2022 March 31, 2022 March 31, 2023 March 31, 2022 March 31, 2023 March 31, 2022
Income 8 Segment assets
1 Revenue from operations (net) 22,544.72 21,693.68 16,378.54 83,505.92 57,107.46 - BFSI 5,245.50 2,570.89
2 Other income 88.27 327.57 420.73 706.17 1,439.55 - Healthcare & Life Sciences 3,381.92 2,274.57
3 Total income (1+2) 22,632.99 22,021.25 16,799.27 84,212.09 58,547.01 - Software, Hi-Tech and Emerging Industries 11,873.99 7,769.14
4 Expenses Total allocable segment assets 20,501.41 12,614.60
- Employee benefits expense 13,463.57 12,754.19 10,073.67 49,695.65 34,593.10 Unallocable assets 45,690.04 41,576.41
- Cost of professionals 2,323.26 2,861.93 2,139.15 10,426.01 7,974.18 Total assets 66,191.45 54,191.01
- Finance costs 148.31 135.18 49.29 473.40 118.35
- Depreciation and amortization expense 697.25 683.51 511.35 2,718.95 1,660.12 Note for segment wise information:
- Other expenses 2,594.75 2,062.01 1,353.98 8,193.01 4,958.47 Operating segments are components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief
Total expenses 19,227.14 18,496.82 14,127.44 71,507.02 49,304.22 operating decision makers, in deciding how to allocate resources and assessing performance. The Group's chief operating decision makers are
5 Profit before exceptional items and tax (3-4) 3,405.85 3,524.43 2,671.83 12,705.07 9,242.79 the Chief Executive Officer and Chairman & Managing Director.
6 Exceptional item Segment wise capital employed
Provision for export incentives - 296.55 - 296.55 - Segregation of assets (other than trade receivables and unbilled revenue), liabilities, depreciation and amortization and other non-cash expenses
into various reportable segments have not been presented as the assets and liabilities are used interchangeably among segments and the Group
7 Profit before tax (5-6) 3,405.85 3,227.88 2,671.83 12,408.52 9,242.79
is of the view that it is not practical to reasonably allocate the other assets, liabilities and other non-cash expenses to individual segments and an
8 Tax expense
- Current tax 993.44 701.14 601.27 3,115.31 2,322.85 ad-hoc allocation will not be meaningful.
- Tax (credit) / charge in respect of (15.42) 4.57 40.87 (3.54) 42.57 Notes :
- Deferredearlier yearstax /(credit)periods/ charge (87.30) 142.63 19.79 85.82 (26.49) 1 The audited condensed interim consolidated financial statements for the quarter and year ended March 31, 2023, have
been taken on record by the Board of Directors at its meeting held on April 24, 2023 as recommended by the Audit
Total tax expense 890.72 848.34 661.93 3,197.59 2,338.93
9 Profit for the period / year (7-8) 2,515.13 2,379.54 2,009.90 9,210.93 6,903.86 Committee at its meeting held on April 23, 2023. The statutory auditors have expressed an unqualified audit opinion.
10 Other comprehensive income The information presented above is extracted from the audited condensed interim consolidated financial statements.
A. Items that will not be reclassified 2 The above consolidated financial results have been prepared from the condensed interim consolidated financial
to profit or loss statements, which are prepared in accordance with Indian Accounting Standards ("Ind AS"), the provisions of the
- Remeasurements of the defined (16.37) (45.68) (189.63) (17.69) (248.05) Companies Act, 2013 ("the Companies Act"), as applicable and guidelines issued by the Securities and Exchange Board
benefit liabilities / asset of India ("SEBI"). The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies
- Income tax effect on above 4.23 11.44 96.24 5.31 64.18 (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the interim
(12.14) (34.24) (93.39) (12.38) (183.87) consolidated financial results (including notes) are reported in millions of Indian rupees ( in ₹ millions) except share and
B. Items that may be reclassified to per share data, unless otherwise stated.
profit or loss
- Effective portion of cash flow hedge 287.75 111.54 (86.24) (63.55) (130.49) 3 The Board of Directors at its meeting held in January 2023 approved the payment of an Interim Dividend of ₹ 28 per
- Income tax effect on above (72.42) (28.08) 21.67 15.99 32.84 Equity Share of ₹ 10 each for FY 2022-23. Accordingly, an amount of ₹ 2,139.55 Million was paid as Interim Dividend out
- Exchange differences in translating the 140.26 193.43 (194.88) 798.19 138.96 of the total dividend amount of ₹ 2,139.90 Million. The remaining amount of ₹ 0.35 Million is unclaimed and the
financial statements of foreign operations Company will make due efforts to pay the same to the respective Shareholders.
355.59 276.89 (259.45) 750.63 41.31 4 The Board of Directors recommended final dividend of ₹ 12 per share and special dividend of ₹ 10 per share on achieving
$1 billion in annual revenue, on the face value of ₹ 10 each. In January 2023, the Board had declared an interim dividend
Total other comprehensive income / (A+B) 343.45 242.65 (352.84) 738.25 (142.56)
(loss) for the period / year of ₹ 28 per share making the total dividend ₹ 50 per share. The final dividend recommended by the Board is subject to the
11 Total comprehensive income for the (9+10) 2,858.58 2,622.19 1,657.06 9,949.18 6,761.30 approval of the members during the ensuing Annual General Meeting.
period / year (Comprising Profit and 5 Persistent Systems Inc., USA (a wholly owned subsidiary of the Company) formed its wholly-owned subsidiary in Poland
Other Comprehensive Income for the
on April 5,2023. The new entity will be a Step- Down Subsidiary of the Company.
period / year)
12 Paid-up equity share capital 764.25 764.25 764.25 764.25 764.25 6 The Board of Directors of the Company at its meeting held on Wednesday, March 22, 2023, approved the issuance of
(Face value of share ₹ 10 each) 500,000 (Five Hundred Thousand only) Equity Shares of ₹ 10 each to the PSPL ESOP Management Trust (‘ESOP Trust’) at
13 Other equity excluding revaluation reserves 32,917.95 the allotment price of ₹ 2,789 per Equity Share, aggregating to the total consideration of ₹ 1,394.50 Million and the
14 Earnings per equity share (in ) Board has authorized the Stakeholders Relationship and ESG Committee to allot the said Equity Shares to the ESOP
(Nominal value of share 10 each)
- Basic 33.65 31.90 26.30 123.73 90.34 Trust. The ESOP Trust made the payment of the consideration on April 5, 2023, and accordingly, 500,000 (Five Hundred
- Diluted 32.91 31.14 26.30 120.52 90.34 Thousand only) Equity Shares of ₹ 10 each were allotted to the ESOP Trust on April 6, 2023. Consequent to this, the
����� 15 Dividend per share (in ) paid-up share capital of the Company is increased from 76.43 Million Equity Shares to 76.93 Million Equity Shares.
������������������ (Nominal value per share 10) Listing of the 500,000 shares on the Stock Exchanges is completed.
- Interim dividend - 28.00 - 28.00 20.00 7 In accordance with para 4 of Notified Indian Accounting Standard 108 (Ind AS-108) “Operating Segments”, the
� ���������������������������������������������� � �������������������������������������������������������� � ���������������� � Total dividend - Final dividend 22.00 22.00 28.00 - 11.00 11.00 50.00 22.00 31.00 11.00 8 TheCompany has disclosed segment information only on the basis of consolidated financial results.investors are requested to visit the following website of the Company and Stock Exchanges for further details:
��������������������������������������������������������������������� • Company's website: https://www.persistent.com/investors
�������������������� ������������������� Audited consolidated statement of assets and liabilities • BSE Ltd: www.bseindia.com
���������������������� ��������������������� �������������������������������������� in Million • National Stock Exchange of India Ltd.: www.nseindia.com
���������������������� ������������������������������������ ���������� Particulars March 31, 2023As at March 31, 2022As at
�� ������������������������������������ ���������������������������������������
�������������������������������������������� �������������������������������������������������������������������������������������������������� � ����������������� �� ���������������� �������������������������������������������������������������������������������������������������������������������������� ASSETSNon-current assets CapitalProperty,work-in-progressplant and equipment 4,859.95161.38 1,071.202,917.67 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2023Particulars For the year ended in Million
������������������������������ ������������������������������������������������������ Right- of- use assets 2,198.21 1,358.21 March 31, 2023 March 31, 2022
Goodwill 7,183.71 2,790.22
�������������������������������������������
�������������������������� Other intangible assets 9,171.42 8,269.63
������������������������������������������������������ Financial assets Cash flow from operating activities
������������������������������������������������������������������������� -- InvestmentsTrade receivables 4,516.00125.54 3,877.72- Profit before tax Adjustments for: 12,408.52 9,242.79
�� ���������������������������������������������������� �������������������������� - Loans - 3,522.00 Interest income (512.63) (600.22)
Finance costs 473.40 118.35
���������������������������������������������������������������� - Other non-current financial assets 946.16 340.74
Depreciation and amortization expense 2,718.95 1,660.12
�� ��������������������������������������������������� ������������������������������������������������������� Deferred tax assets (net) 1,129.29 1,122.72 Unrealised exchange loss/ (gain) (net) 190.68 (25.92)
���������������������� ������������������������������ ����������������� ����������������������������������������������� Total non-current assets Other non-current assets 31,012.44 720.78 25,801.72 531.61 ExchangeChange in lossforeignon derivativecurrency translationcontracts reserve 491.8988.69 305.6479.38
������������������������������������� �������������������������������������� Current assets Exchange (gain) / loss on translation of foreign currency cash and cash equivalents (10.54) 1.70
���������������������� ������������������������������������������������������������ ������������������������������������������ Financial- Investmentsassets 1,879.66 4,346.91 BadAllowancedebts / (Reversal) for expected credit loss (net) 82.333.03 (105.06)65.27
����������������������� ���������������������������������������������������������������� ��������������������������������������������������������������������������������������������������������������������� --- CashTradeBank andbalancesreceivablescash otherequivalents(net)than cash and cash equivalents 15,704.644,362.684,670.12 6,166.599,484.292,977.99 LossEmployeeRemeasurementsExcess/ Impairmentprovisionstock compensationinofofrespectthenondefinedcurrentof earlierexpensesbenefitinvestmentsyearsliabilitieswritten/ backasset (before tax effects) 1,357.14(32.44)(17.69)- (183.87)(66.00)950.23148.40
���������������������������� �������������������������������������� - Other current financial assets 4,855.61 3,231.00 Profit on sale/ fair valuation of financial assets designated as FVTPL (196.52) (354.30)
�������������������������������������� �������������������������������������������� � ��� Current tax assets (net) 451.71 179.57 Profit on sale of property, plant and equipment (net) (1.69) (12.45)
��� ����������������������������� ���������� Other current assets 3,254.59 2,002.94 Provision for export incentives 296.55 -
�������������������� Total current assets 35,179.01 28,389.29 Operating profit before working capital changes 17,339.67 11,224.06
��� ��������������������������������������� ������������� TOTAL ASSETS 66,191.45 54,191.01
���������������������������������������� Movements in working capital :
���������������������������������� EQUITY AND LIABILITIES Decrease in non-current and current loans 1.83 5.69
����������������������� ������������������������������������������ Equity Decrease / (Increase) in other non current assets 435.75 (147.89)
������������������������������������������ ������������� Equity share capital 764.25 764.25 Increase in other financial assets (1,541.68) (869.22)
����������������������� ������������������������������������������������� ������� LiabilitiesTotal Equity Other equity 39,650.78 38,886.53 33,682.20 32,917.95 (Increase)IncreaseIncrease inin/tradetradeDecreasereceivablespayables,in othercurrentcurrentliabilitiesassetsand non current liabilities (1,233.36)(5,554.83)2,687.81 (3,508.56)2,489.72146.71
�������������������������������������������������� ��������������������������������������� Non- current liabilities Increase in provisions 827.07 1,476.47
������������������������������������������������� Financial liabilities Operating profit after working capital changes 12,962.26 10,816.98
�������������������������������������������������������������������������������� - Direct taxes paid (net of refunds) (3,404.64) (2,367.12)
Borrowings 2,057.59 2,800.79
��������������������������������������������������������������������������������� - Lease liabilities 1,592.20 1,114.29 Net cash generated from operating activities (A) 9,557.62 8,449.86
��������������������������������������������������������� - Other financial liabilities 2,888.92 2,088.60 Cash flows from investing activities
������������������������������������������������������������������������� Other non-current liabilities 47.86 - Payment towards capital expenditure (including intangible assets, (4,332.99) (3,853.97)
������������������������������������������������������������������������������������� capital advances and capital creditors)
���������������������������������� Provisions 373.03 245.54 Proceeds from sale of property, plant and equipment 11.98 46.02
���������������������������������������������������������������������������������������������� Total Non- current liabilities 6,959.60 6,249.22 Acquisition of step-down subsidiaries/businesses including cash and cash equivalents: (4,310.57) (6,154.02)
����������������������������������������������������������� Current liabilities ₹ 642.81 Million (Previous year ₹ 61.07 million)
�������������������� ���������������������������������������������������������������������������������������������������������������������� Financial-- LeaseBorrowingsliabilitiesliabilities 2,227.51676.39 1,524.56342.58 ProceedsInvestmentsPurchase fromof bondsin sale/mutualmaturityfunds of bonds (37,285.09)(237.41)31.49 (33,456.80)(711.90)499.95
��������������� ����������������������������������������������������������������������������� - Trade- Totalpayablesoutstanding dues of micro and small enterprises 34.04 10.30 ProceedsProceeds fromfrom maturitysale / maturityof bankofdepositsmutual fundshaving original maturity over three months 40,054.821,715.51 35,762.241,121.92
������������ ����������������������� - Total outstanding dues of creditors other than micro and small enterprises 5,655.04 4,288.41 Investments in deposits with financial institutions (400.00) (100.00)
- Other financial liabilities 3,944.70 2,173.60 Investment in common / preferred stocks - (123.61)
Other current liabilities 2,100.01 1,621.76 Loan to ESOP Trust - (3,522.00)
Interest received 539.16 718.74
Provisions 4,649.24 3,949.66
Net cash used in investing activities (B) (4,213.10) (9,773.43)
Current tax liabilities (net) 294.14 348.72
Cash flows from financing activities
Total current liabilities 19,581.07 14,259.59 Repayment of long term borrowings in Indian rupee (1.86) (1.84)
TOTAL EQUITY AND LIABILITIES 66,191.45 54,191.01 Net proceeds from foreign currency long term borrowings (38.37) 4,280.99
Payment of lease liabilities (545.22) (350.83)
Audited standalone financial information Interest paid (473.42) (118.38)
in Million Dividends paid (2,980.58) (1,987.05)
Quarter ended Year ended Net cash (used in) / generated from financing activities (C) (4,039.45) 1,822.89
Particulars Net increase in cash and cash equivalents (A + B + C) 1,305.07 499.32
March 31, 2023 Dec 31, 2022 March 31, 2022 March 31, 2023 March 31, 2022 Cash and cash equivalents at the beginning of the year 2,977.99 2,419.30
Cash and cash equivalents acquired on acquisition 642.81 61.07
Revenue from operations (net) 14,834.82 13,072.29 10,350.10 51,175.53 35,754.80 Effect of exchange difference on translation of foreign 10.54 (1.70)
Profit before tax 3,442.06 2,417.12 2,590.34 10,502.72 9,120.61
currency cash and cash equivalents
Profit after tax 2,583.98 1,827.46 1,944.85 7,911.28 6,858.66 Impact of ESOP Trust consolidation (266.29) -
Cash and cash equivalents at the end of the year 4,670.12 2,977.99
Segment wise Revenue, Results and Capital Employed Components of cash and cash equivalents
The operating segments are: Cash on hand 0.25 0.24
a. Banking, Financial Services and Insurance (BFSI) Balances with banks
b. Healthcare & Life Sciences
On current accounts # 3,583.44 2,337.96
c. Software, Hi-Tech and Emerging Industries On saving accounts 33.21 1.64
in Million On exchange earner's foreign currency accounts 638.90 259.20
Quarter ended Year ended On Other accounts 414.32 378.95
Sr.
Particulars Cash and cash equivalents 4,670.12 2,977.99
No. March 31, 2023 Dec 31, 2022 March 31, 2022 March 31, 2023 March 31, 2022
# Of the cash and cash equivalent balance as at March 31, 2023, the Group can utilise ₹ 125.39 million (Previous year: ₹ 35.75 million) only
1 Segment revenue towards certain predefined activities specified in the agreement.
- BFSI 7,290.52 6,960.39 5,321.19 27,231.45 18,063.65 The above Cash Flow Statement has been prepared under "Indirect Method" as set out in Ind AS - 7 on "Statement of Cash Flows" notified
- Healthcare & Life Sciences 4,438.24 4,139.74 3,371.70 16,161.07 11,842.75 under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules
- Software, Hi-Tech and Emerging 10,815.96 10,593.55 7,685.65 40,113.40 27,201.06 issued thereafter.
Industries
Total 22,544.72 21,693.68 16,378.54 83,505.92 57,107.46
2 Less: Inter segment revenue - - - - -
3 Net sales/income from operations 22,544.72 21,693.68 16,378.54 83,505.92 57,107.46
4 Segment results i.e. profit before tax,
interest and depreciation and amortization
- BFSI 2,812.88 2,594.66 1,492.16 10,004.47 6,184.33
- Healthcare & Life Sciences 2,172.17 2,080.29 1,692.18 8,013.54 6,063.74
- Software, Hi-Tech and Emerging 3,050.06 3,566.13 2,873.73 12,282.50 9,269.10
Industries
Total 8,035.11 8,241.08 6,058.07 30,300.51 21,517.17
5 Less: By order of Board of Directors of Persistent Systems Limited
- Finance costs 148.31 135.18 49.29 473.40 118.35
- Other un-allocable expenses 4,569.22 5,205.59 3,757.68 18,124.76 13,595.58 Place : USA Dr. Anand Deshpande
6 Un-allocable income 88.27 327.57 420.73 706.17 1,439.55 Date : April 24, 2023 Chairman and Managing Director
7 Profit before tax 3,405.85 3,227.88 2,671.83 12,408.52 9,242.79 “For risks and uncertainties relating to forward-looking statements, please visit our website :- www.persistent.com”
----- End of picture text -----

Pune

WWW.LOKSATTA.COM ´Fb¯FZ, ¶Fb²F½FFS, sw Ed´FiÕX sqst

ÀFûÕXF´FcSX d½F·FF¦F d³Fd½FQF ÀFc¨F³FF

dU·FF¦Fe¹F SZ»UZ ½¹FUÀ±FF´FIY (IYF¸û), ¸F²¹F SZ»UZ, ÀFû»FF´FcS, ·FFS°FF¨¹FF SFáÑ´F°Fea¨¹FF U°Fe³û, JF»Fe»F IYF¸FFaÀFFNe ³FF¸FFadIY°F RY¸FÊ / IaYÂFFMQFSFaIYOc³F BÊ-d³FdUQF AF¸FadÂF°F IYS°F AFWZ°F. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 12-2023-CØFS, IYF¸FF¨û ³FFU : EÀFAFS. OeBÊE³F/CØFS/EÀF¹FcAFS dU·FF¦FF°F 2 U¿FFËÀFFNe dWUFTF AFd¯F ´FFUÀFF¼¹FF°F ¦FÀ°F §FF»F¯¹FFÀFFNe ÀFF±FeQFSF¨Fe °FS°FcQ. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 33194484.29, ¶F¹FF¯FF SæY¸F : ÷Y. 316000.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 24 (¨FûUeÀF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : VFc³¹F. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 20-2023-DENC, IYF¸FF¨û ³FFU : OeBÊE³F/¸F²¹F/ EÀF¹FcAFS dU·FF¦FF°F 2 U¿FFËÀFFNe dWUFTF AFd¯F ´FFUÀFF¼¹FF°F ¦FÀ°F §FF»F¯¹FFÀFFNe ÀFF±FeQFSF¨Fe °FS°FcQ. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 12953945.09, ¶F¹FF¯FF SæY¸F : ÷Y. 214800.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 24 (¨FûUeÀF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : VFc³¹F. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 24-2023-DENS, IYF¸FF¨û ³FFU : 1) IZYE»F¶Feþe - IY»F¶Fb¦FeÊ ¹û±û EIY U¿FÊ EE¸FÀFe ÀFW IZYE»FOe ÃF¸F°û¨¹FF ÀFFaO´FF¯Fe ´FidIiY¹FF ´FiIY»´FF¨Fe (EÀFMe´Fe) °FS°FcQ. 2) ÀFû»FF´FcS ¹û±û 0.5 E¸FE»FOe ÃF¸F°û¨¹FF UFGMS dSÀFF¹FIYλF¦F ´»FFaM¨û (O¶»FcAFS´Fe) AFG´FSZVF³F AFd¯F QZJ·FF»Fe¨û IYF¸F ÀFa°Fbd»F°F IYS¯û. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 6403561.12, ¶F¹FF¯FF SæY¸F : ÷Y. 128100.00, IYF¸F ´Fc¯FÊ IYS¯¹FF¨FF IYF»FFU²Fe : 12 (¶FFSF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : 06 (ÀFWF) ¸FdW³û ÎIYUF EIY ´FFUÀFFTF ¹FF´üIYe þû ³Fa°FS AÀû»F °Fû. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 25-2023-DENS, IYF¸FF¨û ³FFU : þc³F-2016 ¨¹FF AFSOeEÀFAû/E»FIZYAû ¨¹FF °FFª¹FF °F´FVFe»FF³FbÀFFS SFG¹F»Me AFd¯F RYe B°¹FFQeaÀFW ³FUe³F°F¸F ÀFb²FFS¯FFa³FbÀFFS SZ»UZ ¦FiFCaOUS 65 d¸F¸Fe ¸FVFe³F IiYVO ÀMû³F ¶FG»FFÀM¨FF ´FbSUNF AFd¯F ÀMGÎIY¦F AFd¯F Oe¹FcOe AFd¯F MeIZYO¶»FcOe OZ´Fû ¹û±û EOeBÊE³F ³û d³FQZÊdVF°F IZY»¹FF³FbÀFFS °û SZ»UZ WFG´FÀFÊ / UG¦F³ÀF B°¹FFQea¸F²¹û »FûO IYS¯û, EIcY¯F 60,000 E¸F 3. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 54975600.00, ¶F¹FF¯FF SæY¸F : ÷Y. 424900.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 18 (ANSF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : VFc³¹F. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 26-2023-DENS, IYF¸FF¨û ³FFU : EÀF¹FcAFS -O¶»¹FcOe dU·FF¦FF°F dIY¸Fe 538/2-3 ¹û±û ´Fb»F IiY¸FFaIY 538/3 (À´FG³F - 10/9.14 ¸Fe) ÀFFNe ´FeEÀFÀFe À»FG¶FõFSZ 9.14 ¸FeMS ÀMe»F ¦FOÊS ¶FQ»F¯û. AFd¯F ÀFû»FF´FcS dU·FF¦FF°Fe»F OeOe-E¸FE¸FAFS dU·FF¦FF°F 478/1 À´FG³F [1/9.14 ¸Fe.) IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 47736835.07, ¶F¹FF¯FF SæY¸F : ÷Y. 388700.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 12 (¶FFSF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : 12 (¶FFSF) ¸FdW³û. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 27-2023-DENS, IYF¸FF¨û ³FFU : EÀFAFS. OeBÊE³F / EÀF / EÀF¹FcAFS dU·FF¦FF°F 2 U¿FFËÀFFNe dWUFTF AFd¯F ´FFUÀFF¼¹FF°F ¦FÀ°F §FF»F¯¹FFÀFFNe ÀFF±FeQFSF¨Fe °FS°FcQ. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 24018773.18, ¶F¹FF¯FF SæY¸F : ÷Y. 270100.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 24 (¨FûUeÀF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : VFc³¹F. d³FdUQF ÀFc¨F³FF IiY¸FFaIY : 28-2023DENS, IYF¸FF¨û ³FFU : Oe¹FcOe-O¶»¹FcOe ¸F²¹û AFS¹Fc¶Fe - 75, 76, 77, 232, 236, 241 AFd¯F 242 ¹û±û OÑZ³ûþ AFd¯F dVFnIY IYF¸FF°F ÀFb²FFS¯FF. IYF¸FF¨Fe AaQFþZ ÎIY¸F°F : ÷Y. 37084289.83, ¶F¹FF¯FF SæY¸F : ÷Y. 335400.00, IYF¸F ´Fc¯FÊ Wû¯¹FF¨FF IYF»FFU²Fe : 06 (ÀFWF) ¸FdW³û. QZJ·FF»F IYF»FFU²Fe : 06 (ÀFWF) ¸FdW³û ÎIYUF EIY ´FFUÀFFTF ¹FF´üIYe þû ³Fa°FS AÀû»F °Fû. www.ireps.gov.in ¹FF UZ¶FÀFFBMUS CðȰF d³FdUQF A´F»FûO IYS¯¹FF¨Fe VûUM¨Fe °FFSeJ AFd¯F UZT : dQ. 15.05.2023 Sûþe 15.00 UFþZ´F¹F˰F. www.ireps.gov.in US d³FdUQF C§FO¯¹FF¨Fe °FFSeJ AFd¯F UZT - dQ. 15.05.2023 Sûþe 15.30 UFþ°FF. ¹FF d³FdUQZÀFFNe þFSe IZY»û»û IYû¯F°ûWe ¶FQ»F / VFb²QeIYS¯F »FÃFF°F §û¯¹FFÀFFNe ÀFa·FF½¹F d³FdUQFIYFSFa³FF d³FdUQF ¶FaQ Wû¯¹FF¨¹FF °FFSJZ´FcUeÊ UZ¶FÀFFBMUS UFSaUFS ·ûM QZ¯¹FF¨FF ÀFnF dQ»FF þF°Fû. UZ¶FÀFFBM : www.ireps.gov.in. dU·FF¦Fe¹F SZ»UZ ½¹FUÀ±FF´FIY (IYF¸û), ÀFû»FF´FcS

==> picture [37 x 8] intentionally omitted <==

----- Start of picture text -----

VAPL/48
----- End of picture text -----

rt

´F³F½FZÕ ¸FWF³F¦FS´FFdÕI F °FF. ´F³F½FZÕ, dªF. SF¹F¦FO-urq sqw

E-mail ID : [email protected] QcS²½F³Fe Ii . : qss-sxuvyquq/ur/us dQ³FFaI : sv.qu.sqst d³Fd½FQF ÀFc¨F³FF A. d³Fd½FQF Ii . I F¸FF¨FZ ³FF½F AaQFªF´FÂFI e¹F Ii . Sæ ¸F r) PMC/WS/39/2022-23 ´F³F½FZÕ ¸FWF³F¦FS´FFdÕI F ÃFZÂFF°FeÕ d½Fd½F²F ¦FF½FFa¸F²¹FZ ÷ . ´FF¯Fe´FbS½FNF ½¹F½FÀ±FF ´FbSd½F¯FZ. (d°FÀFSe ¸FF¦F¯Fe) rst,ru,tr,wwz/- ½FSeÕ BÊ-d³Fd½FQZ¶FF¶F°F¨Fe ¸FFdW°Fe ¾FFÀF³FF¨¹FF khttp://mahatenders.gov.inl ¹FF ÀFaIZ °FÀ±FTF½FS dQ. sw.qu.sqst SûªFe ´FidÀFð I S¯¹FF°F ¹FZBÊÕ. ÀFa¶Fad²F°F d³Fd½FQFI FSFa³Fe ¹FF¨Fe ³FûÔQ §¹FF½Fe. ÀFWe/- (ÀFd¨F³F ´F½FFS) C´FF¹Fb¢°F (A¸FȰF) ´F³F½FZÕ ¸FWF³F¦FS´FFdÕI F

Persistent Systems Limited

Registered Office : Bhageerath, 402, Senapati Bapat Road, Pune 411016, India

Ph. No. +91(20)67030000; Fax +91(20)67030009; Email : [email protected], ‘www.persistent.com’. CIN L72300PN1990PLC056696

==> picture [402 x 24] intentionally omitted <==

----- Start of picture text -----

Statement of Consolidated audited results of Persistent Systems Limited for
the quarter and the year ended March 31, 2023
----- End of picture text -----

in Million in Million
Sr. Particulars Quarter ended Year ended As at
Particulars
No. March 31, 2023 Dec 31, 2022 March 31, 2022 March 31, 2023 March 31, 2022 March 31, 2023
March 31, 2022
Income 8 Segment assets
1 Revenue from operations (net) 22,544.72 21,693.68 16,378.54 83,505.92 57,107.46 - BFSI
5,245.50
2,570.89
2 Other income 88.27 327.57 420.73 706.17 1,439.55 - Healthcare & Life Sciences
3,381.92
2,274.57
3 Total income (1+2) **22,632.99 ** 22,021.25 16,799.27 84,212.09 58,547.01 - Software, Hi-Tech and Emerging Industries
11,873.99
7,769.14
4 Expenses Total allocable segment assets
20,501.41
12,614.60
- Employee benefits expense 13,463.57 12,754.19 10,073.67 49,695.65 34,593.10 Unallocable assets
45,690.04
41,576.41
- Cost of professionals 2,323.26 2,861.93 2,139.15 10,426.01 7,974.18 Total assets
66,191.45
54,191.01
- Finance costs 148.31 135.18 49.29 473.40 118.35
- Depreciation and amortization expense 697.25 683.51 511.35 2,718.95 1,660.12 Note for segment wise information:
5
6
7
**8 **
- Other expenses
Total expenses
Profit before exceptional items and tax
Exceptional item
Provision for export incentives
Profit before tax
Tax expense
- Current tax
(3-4)
(5-6)
2,594.75
19,227.14
3,405.85
-
3,405.85
993.44
2,062.01
18,496.82
3,524.43
296.55
3,227.88
701.14
1,353.98
14,127.44
2,671.83
-
2,671.83
601.27
8,193.01
71,507.02
12,705.07
296.55
12,408.52
3,115.31
4,958.47
49,304.22
9,242.79
-
9,242.79
2,322.85
Segment wise capital employed
Operating segments are components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief
operating decision makers, in deciding how to allocate resources and assessing performance. The Group's chief operating decision makers are
the Chief Executive Officer and Chairman & Managing Director.
Segregation of assets (other than trade receivables and unbilled revenue), liabilities, depreciation and amortization and other non-cash expenses
into various reportable segments have not been presented as the assets and liabilities are used interchangeably among segments and the Group
is of the view that it is not practical to reasonably allocate the other assets, liabilities and other non-cash expenses to individual segments and an
ad-hoc allocation will not be meaningful.
- Tax (credit) / charge in respect of (15.42) 4.57 40.87 (3.54) 42.57 Notes :
9
10
earlier years / periods
- Deferred tax (credit) / charge
Total tax expense
Profit for the period / year
Other comprehensive income
A. Items that will not be reclassified
(7-8) (87.30)
890.72
2,515.13
142.63
848.34
2,379.54
19.79
661.93
2,009.90
85.82
3,197.59
9,210.93
(26.49)
2,338.93
6,903.86
1
2
The audited condensed interim consolidated financial statements for the quarter and year ended March 31, 2023, have
been taken on record by the Board of Directors at its meeting held on April 24, 2023 as recommended by the Audit
Committee at its meeting held on April 23, 2023. The statutory auditors have expressed an unqualified audit opinion.
The information presented above is extracted from the audited condensed interim consolidated financial statements.
The above consolidated financial results have been prepared from the condensed interim consolidated financial
to profit or loss statements, which are prepared in accordance with Indian Accounting Standards ("Ind AS"), the provisions of the
- Remeasurements of the defined (16.37) (45.68) (189.63) (17.69) (248.05) Companies Act, 2013 ("the Companies Act"), as applicable and guidelines issued by the Securities and Exchange Board
benefit liabilities / asset of India ("SEBI"). The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies
- Income tax effect on above 4.23 11.44 96.24 5.31 64.18 (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the interim
(12.14) (34.24) (93.39) (12.38) (183.87) consolidated financial results (including notes) are reported in millions of Indian rupees ( in₹millions) except share and
- Effective portion of cash flow hedge
B. Items that may be reclassified to
profit or loss
- Income tax effect on above
- Exchange differences in translating the
287.75
(72.42)
140.26
111.54
(28.08)
193.43
(86.24)
21.67
(194.88)
(63.55)
15.99
798.19
(130.49)
32.84
138.96
3 The Board of Directors at its meeting held in January 2023 approved the payment of an Interim Dividend of₹28 per
Equity Share of₹10 each for FY 2022-23. Accordingly, an amount of₹2,139.55 Million was paid as Interim Dividend out
of the total dividend amount of ₹ 2,139.90 Million. The remaining amount of ₹ 0.35 Million is unclaimed and the
per share data, unless otherwise stated.
financial statements of foreign operations 355.59 276.89 (259.45) 750.63 41.31 4 Company will make due efforts to pay the same to the respective Shareholders.
The Board of Directors recommended final dividend of₹12 per share and special dividend of₹10 per share on achieving
Total other comprehensive income /
(loss) for the period / year
(A+B) 343.45 242.65 (352.84) 738.25 (142.56) $1 billion in annual revenue, on the face value of₹10 each. In January 2023, the Board had declared an interim dividend
of₹28 per share making the total dividend₹50 per share. The final dividend recommended by the Board is subject to the
11 Total comprehensive income for the (9+10) 2,858.58 2,622.19 1,657.06 9,949.18 6,761.30 approval of the members during the ensuing Annual General Meeting.
12 period / year (Comprising Profit and
Other Comprehensive Income for the
period / year)
Paid-up equity share capital
(Face value of share ₹ 10 each)
764.25 764.25 764.25 764.25 764.25 5
6
Persistent Systems Inc., USA (a wholly owned subsidiary of the Company) formed its wholly-owned subsidiary in Poland
on April 5,2023. The new entity will be a Step- Down Subsidiary of the Company.
The Board of Directors of the Company at its meeting held on Wednesday, March 22, 2023, approved the issuance of
500,000 (Five Hundred Thousand only) Equity Shares of₹10 each to the PSPL ESOP Management Trust (‘ESOP Trust’) at
13
14
- Basic
- Diluted
(Nominal value of share
10 each)
Other equity excluding revaluation reserves
Earnings per equity share (in )
33.65
32.91
31.90
31.14
26.30
26.30
123.73
120.52
90.34
90.34
32,917.95
the allotment price of ₹ 2,789 per Equity Share, aggregating to the total consideration of ₹ 1,394.50 Million and the
Board has authorized the Stakeholders Relationship and ESG Committee to allot the said Equity Shares to the ESOP
Trust. The ESOP Trust made the payment of the consideration on April 5, 2023, and accordingly, 500,000 (Five Hundred
Thousand only) Equity Shares of₹10 each were allotted to the ESOP Trust on April 6, 2023. Consequent to this, the
15 Dividend per share (in ) paid-up share capital of the Company is increased from 76.43 Million Equity Shares to 76.93 Million Equity Shares.
(Nominal value per share
10)
Listing of the 500,000 shares on the Stock Exchanges is completed.
- Interim dividend - 28.00 - 28.00 20.00 7 In accordance with para 4 of Notified Indian Accounting Standard 108 (Ind AS-108) “Operating Segments”, the
- Final dividend 22.00 - 11.00 22.00 11.00 Company has disclosed segment information only on the basis of consolidated financial results.
Total dividend 22.00 28.00 11.00 50.00 31.00 8 The investors are requested to visit the following website of the Company and Stock Exchanges for further details:
Audited consolidated statement of assets and liabilities • BSE Ltd: www.bseindia.com
• Company's website: https://www.persistent.com/investors
in Million • National Stock Exchange of India Ltd.: www.nseindia.com
Particulars As at
March 31, 2023
As at
March 31, 2022
ASSETS CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2023
Non-current assets in Million
Property, plant and equipment 4,859.95 2,917.67 For the year ended
Capital work-in-progress 161.38 1,071.20 Particulars
Right- of- use assets 2,198.21 1,358.21 March 31, 2022
March 31, 2023
Goodwill 7,183.71 2,790.22
Other intangible assets 9,171.42 8,269.63
Financial assets Cash flow from operating activities
- Trade receivables 125.54 - Profit before tax
12,408.52
9,242.79
- Other non-current financial assets
Deferred tax assets (net)
- Investments
- Loans
946.16
1,129.29
4,516.00
-
340.74
1,122.72
3,877.72
3,522.00
Adjustments for:
Finance costs
473.40
118.35
Depreciation and amortization expense
2,718.95
1,660.12
Interest income
(512.63)
(600.22)
Unrealised exchange loss/ (gain) (net)
190.68
(25.92)
Other non-current assets 720.78 531.61 Change in foreign currency translation reserve
491.89
305.64
Total non-current assets 31,012.44 25,801.72 Exchange loss on derivative contracts
88.69
79.38
Current assets Exchange (gain) / loss on translation of foreign currency cash and cash equivalents
(10.54)
1.70
Financial assets Bad debts
82.33
65.27
- Bank balances other than cash and cash
- Other current financial assets
- Investments
- Cash and cash equivalents
- Trade receivables (net)
equivalents 4,362.68
4,855.61
1,879.66
4,670.12
15,704.64
6,166.59
3,231.00
4,346.91
2,977.99
9,484.29
Allowance / (Reversal) for expected credit loss (net)
3.03
(105.06)
Employee stock compensation expenses
1,357.14
950.23
Loss / Impairment of non current investments
-
148.40
Remeasurements of the defined benefit liabilities / asset (before tax effects)
(17.69)
(183.87)
Excess provision in respect of earlier years written back
(32.44)
(66.00)
Profit on sale/ fair valuation of financial assets designated as FVTPL
(196.52)
(354.30)
Current tax assets (net) 451.71 179.57 Profit on sale of property, plant and equipment (net)
(1.69)
(12.45)
Other current assets 3,254.59 2,002.94 Provision for export incentives
296.55
-
Total current assets 35,179.01 28,389.29 Operating profit before working capital changes
17,339.67
11,224.06
TOTAL ASSETS 66,191.45 54,191.01
EQUITY AND LIABILITIES Movements in working capital :
Decrease in non-current and current loans
1.83
5.69
Equity Decrease / (Increase) in other non current assets
435.75
(147.89)
Equity share capital 764.25 764.25 Increase in other financial assets
(1,541.68)
(869.22)
Other equity 38,886.53 32,917.95 (Increase) / Decrease in other current assets
(1,233.36)
146.71
Total Equity 39,650.78 33,682.20 Increase in trade receivables
(5,554.83)
(3,508.56)
Liabilities Increase in trade payables, current liabilities and non current liabilities
2,687.81
2,489.72
Non- current liabilities Increase in provisions
827.07
1,476.47
Financial liabilities Operating profit after working capital changes
12,962.26
10,816.98
Provisions
- Lease liabilities
- Other financial liabilities
Other non-current liabilities
- Borrowings
373.03
1,592.20
2,888.92
47.86
2,057.59
245.54
1,114.29
2,088.60
-
2,800.79
Proceeds from sale of property, plant and equipment
11.98
46.02
capital advances and capital creditors)
Payment towards capital expenditure (including intangible assets,
(4,332.99)
(3,853.97)
Cash flows from investing activities
Net cash generated from operating activities
(A)
9,557.62
8,449.86
Direct taxes paid (net of refunds)
(3,404.64)
(2,367.12)
Total Non- current liabilities 6,959.60 6,249.22 Acquisition of step-down subsidiaries/businesses including cash and cash equivalents:
(4,310.57)
(6,154.02)
Current liabilities ₹642.81 Million (Previous year₹61.07 million)
Financial liabilities Purchase of bonds
(237.41)
(711.90)
- Borrowings 2,227.51 1,524.56 Proceeds from sale/ maturity of bonds
31.49
499.95
- Lease liabilities 676.39 342.58 Investments in mutual funds
(37,285.09)
(33,456.80)
- Trade payables Proceeds from sale / maturity of mutual funds
40,054.82
35,762.24
- Total outstanding dues of micro and small enterprises 34.04 10.30 Proceeds from maturity of bank deposits having original maturity over three months
1,715.51
1,121.92
- Total outstanding dues of creditors other than micro and small enterprises 5,655.04 4,288.41 Investments in deposits with financial institutions
(400.00)
(100.00)
- Other financial liabilities 3,944.70 2,173.60 Investment in common / preferred stocks
-
(123.61)
Total current liabilities
Current tax liabilities (net)
Other current liabilities
Provisions
19,581.07
294.14
2,100.01
4,649.24
14,259.59
348.72
1,621.76
3,949.66
Loan to ESOP Trust
-
(3,522.00)
Interest received
539.16
718.74
Repayment of long term borrowings in Indian rupee
(1.86)
(1.84)
Net cash used in investing activities
(B)
(4,213.10)
(9,773.43)
Cash flows from financing activities
TOTAL EQUITY AND LIABILITIES 66,191.45 54,191.01 Net proceeds from foreign currency long term borrowings
(38.37)
4,280.99
Payment of lease liabilities
(545.22)
(350.83)
Audited standalone financial information Interest paid
(473.42)
(118.38)
in Million Dividends paid
(2,980.58)
(1,987.05)
Quarter ended Year ended Net cash (used in) / generated from financing activities
(C)
(4,039.45)
1,822.89
Particulars March 31, 2023 Dec 31, 2022 March 31, 2022 March 31, 2023 March 31, 2022 Net increase in cash and cash equivalents (A + B + C)
1,305.07
499.32
Cash and cash equivalents at the beginning of the year
2,977.99
2,419.30
Profit after tax
Revenue from operations (net)
Profit before tax
2,583.98
14,834.82
3,442.06
1,827.46
13,072.29
2,417.12
1,944.85
10,350.10
2,590.34
7,911.28
51,175.53
10,502.72
6,858.66
35,754.80
9,120.61
Cash and cash equivalents acquired on acquisition
642.81
61.07
Effect of exchange difference on translation of foreign
10.54
(1.70)
currency cash and cash equivalents
Impact of ESOP Trust consolidation
(266.29)
-
Segment wise Revenue, Results and Capital Employed Cash and cash equivalents at the end of the year
4,670.12
2,977.99
Components of cash and cash equivalents
The operating segments are: Cash on hand
0.25
0.24
a. Banking, Financial Services and Insurance (BFSI) Balances with banks
c. Software, Hi-Tech and Emerging Industries
b. Healthcare & Life Sciences
On current accounts #
3,583.44
2,337.96
On saving accounts
33.21
1.64
in Million On exchange earner's foreign currency accounts
638.90
259.20
Sr.
No.
Particulars March Quarter ended
March
Dec 31, 2022
31, 2023
Year ended
31, 2022
March 31, 2023
March 31, 2022
On Other accounts
414.32
378.95
Cash and cash equivalents
4,670.12
2,977.99
# Of the cash and cash equivalent balance as at March 31, 2023, the Group can utilise₹125.39 million (Previous year:₹35.75 million) only
1 Segment revenue towards certain predefined activities specified in the agreement.
- BFSI 7,290.52 6,960.39
5,321.19
27,231.45 18,063.65 The above Cash Flow Statement has been prepared under "Indirect Method" as set out in Ind AS - 7 on "Statement of Cash Flows" notified
- Software, Hi-Tech and Emerging
- Healthcare & Life Sciences
10,815.96
4,438.24
10,593.55
7,685.65
4,139.74
3,371.70
40,113.40
16,161.07
27,201.06
11,842.75
under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules
issued thereafter.
Industries
Total 22,544.72 21,693.68
16,378.54
83,505.92
57,107.46
2 Less: Inter segment revenue - - - - -
3 Net sales/income from operations 22,544.72 21,693.68
16,378.54
83,505.92 57,107.46
4 Segment results i.e. profit before tax,
interest and depreciation and amortization
- BFSI 2,812.88 2,594.66
1,492.16
10,004.47 6,184.33
- Healthcare & Life Sciences 2,172.17 2,080.29
1,692.18
8,013.54 6,063.74
- Software, Hi-Tech and Emerging 3,050.06 3,566.13
2,873.73
12,282.50 9,269.10
Industries
Total 8,035.11 8,241.08
6,058.07
30,300.51
21,517.17
5 Less: By order of Board of Directors of Persistent Systems Limited
- Finance costs 148.31 135.18 49.29 473.40 118.35
- Other un-allocable expenses 4,569.22 5,205.59
3,757.68
18,124.76 13,595.58 Dr. Anand Deshpande
Place : USA
6 Un-allocable income 88.27 327.57 420.73 706.17 1,439.55 Chairman and Managing Director
Date : April 24, 2023
7 Profit before tax 3,405.85 3,227.88
2,671.83
12,408.52
9,242.79 “For risks and uncertainties relating to forward-looking statements, please visit our website :- www.persistent.com”