Persistent Systems reported a 23.4% jump in PAT to Rs 325 crore and a 20% YoY increase in revenue. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore. Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
Explained: Why Vedanta Aluminium, Hindalco, Nalco shares tumbled up to 7% on Friday
Vedanta Aluminium, Hindalco and NALCO fell as aluminium prices retreated after Norsk Hydro resumed Alunorte refinery production, easing supply shortage concerns.