Persistent Systems Limited announced audited consolidated and unconsolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company announced income from operations, net of INR 4,327.57 million compared to INR 3,329.85 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 781.35 million compared to INR 626.28 million a year ago. Profit from ordinary activities before tax was INR 865.27 million compared to INR 710.04 million a year ago. Net profit was INR 641.98 million or INR 16.05 per diluted share for before and after extraordinary items compared to INR 495.08 million or INR 12.38 per diluted share for before and after extraordinary items a year ago. EBIDTA was INR 1,197.25 million, representing a year on year growth of 45.3% and quarter on quarter growth of 6.7%.

For the nine months, on consolidated basis, the company announced income from operations, net of INR 12,224.16 million compared to INR 9,605.53 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 2,269.63 million compared to INR 1,685.74 million a year ago. Profit from ordinary activities before tax was INR 2,503.32 million compared to INR 1,908.30 million a year ago. Net profit was INR 1,820.78 million or INR 45.52 per diluted share for before and after extraordinary items compared to INR 1,357.33 million or INR 35.93 per diluted share for before and after extraordinary items a year ago. EBIDTA was INR 3,096.25 million against INR 2,521.00 million for the nine months ended December 31, 2012, representing a growth of 22.8%.

For the quarter, on unconsolidated basis, the company announced income from operations, net of INR 3,041.27 million compared to INR 2,557.21 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 734.81 million compared to INR 565.79 million a year ago. Profit from ordinary activities before tax was INR 843.38 million compared to INR 651.92 million a year ago. Net profit was INR 604.25 million or INR 15.11 per diluted share for before and after extraordinary items compared to INR 480.38 million or INR 12.01 per diluted share for before and after extraordinary items a year ago.

For the nine months, on unconsolidated basis, the company announced income from operations, net of INR 8,763.11 million compared to INR 7,404.02 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 2,327.08 million compared to INR 1,516.04 million a year ago. Profit from ordinary activities before tax was INR 2,572.66 million compared to INR 1,741.10 million a year ago. Net profit was INR 1,907.33 million or INR 47.68 per diluted share for before and after extraordinary items compared to INR 1,300.75 million or INR 32.52 per diluted share for before and after extraordinary items a year ago.