Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday s trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order book in Q3 FY24.
The EBITDA margin or operating margin increased to 17.7% from 13.7% in the previous quarter. Persistent Systems had said earlier that it expected to improve margins by 200-300 basis over the next two to three years.