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Persistent Systems Ltd.

BSE: 533179 Sector: IT
NSE: PERSISTENT ISIN Code: INE262H01013
BSE 00:00 | 16 Aug 3728.20 2.55
(0.07%)
OPEN

3750.55

HIGH

3783.90

LOW

3708.00

NSE 00:00 | 16 Aug 3727.95 4.55
(0.12%)
OPEN

3777.00

HIGH

3777.00

LOW

3706.90

OPEN 3750.55
PREVIOUS CLOSE 3725.65
VOLUME 9391
52-Week high 4986.85
52-Week low 3063.10
P/E 41.02
Mkt Cap.(Rs cr) 28,495
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3750.55
CLOSE 3725.65
VOLUME 9391
52-Week high 4986.85
52-Week low 3063.10
P/E 41.02
Mkt Cap.(Rs cr) 28,495
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Persistent Systems Ltd. (PERSISTENT) - Chairman Speech

Company chairman speech

Dear Shareowners

The year 2020-21 was an unusual year which changed the world. The pandemic whichstarted early in the year was an unchartered territory for all of us. Our focus shifted tosafety and wellbeing of our people. As we shifted from office to home our prioritiesmoved to creating safe remote working environment with minimal possible disruption to thebusiness. To ensure continuous services to our customers we leveraged our businesscontinuity and crisis management teams to handle this exceptional situation. We are proudof the determination and resiliency shown by our employees in dealing with such anadversity.

As we defined our new normal we elevated collaboration to deliver value to ourcustomers. While remote working became a part of life accelerated digital adoptionpresented enormous opportunities for the companies in our space and it was heartening tosee how we stepped up during the year which had one of most severe crisis the world hasseen.

We registered double-digit growth for the year @ 12.9% in USD terms and 17.4% in INRterms. Our CAGR of revenue since IPO stands at 14.6%. PAT for the year grew by 32.4%.Improved revenue continuing focus on cost management and savings infrastructure andtravel expenses helped us improve margins.

Our DSO as on March 31 2021 was at 55 days demonstrating significant improvement incustomer collections. The cash position of the Company continues to be healthy with cashand cash equivalents of Rs.19630 million as on March 31 2021.

We acquired CAPIOT Group an IT services provider having presence in India and US. Theacquisition will help us in strengthening MuleSoft TIBCO and API-led integrationcapabilities.

On the CSR front we pledged to contribute Rs.250 million to support the globalresponse to COVID-19 pandemic. We have already contributed major portion of this amountduring the year FY21 while the balance is being utilised for the vaccination drive.

The Board has recommended a final dividend of Rs.6 per share and this along with aninterim dividend declared in January 2021 of Rs.14 per share would make a total dividendof Rs.20 for the year with a pay-out ratio of 33.8%. The EPS for the year was at Rs.58.97per share with a YoY growth of 32.9%

With collective and focused efforts of our leadership team and all the employees welook forward to continuing the momentum generated over the last several quarters.

I would like to extend my sincere thanks to all our investors who have invested in ourvision. I would also to thank all our employees for the resilience shown by them. We willstrive to deliver value to our customers and enhance shareholder value.

Sincerely

Sunil Sapre

Executive Director and Chief Financial Officer

DIN: 06475949

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