Persistent Delivers Strong Q4
- 24th April 2025
Aaj Ka Bazaar
Wall Street indices closed higher on Wednesday, buoyed by comments from Treasury Secretary Scott Bessent, who stated that the high tariffs between the US and China were unsustainable. Additionally, former President Trump signaled openness to easing trade tensions between the world’s two largest economies. The Dow Jones Industrial Average rose 1.07%, the S&P 500 gained 1.67%, and the Nasdaq Composite advanced 2.50%. Meanwhile, markets in the Asia-Pacific region showed a mixed trend. Japan’s Nikkei climbed 0.89%, while Hong Kong’s Hang Seng Index and mainland China’s CSI 300 edged down by 0.1% and 0.16%, respectively. Indian benchmark indices are expected to open lower, as indicated by the GIFT Nifty trading in the red. Sentiment is likely to be impacted by diplomatic and economic actions taken in response to the terrorist attack in Pahalgam on Tuesday. These include the suspension of the Indus Waters Treaty, halting trade with Pakistan via the Attari-Wagah border, and visa cancellations. On the stock-specific front, Bharat Petroleum Corporation Ltd (BPCL) has signed a joint venture agreement with GPS Renewables Pvt Ltd to set up a nationwide network of compressed biogas (CBG) plants. The initiative aims to strengthen India’s renewable energy infrastructure and support BPCL’s Net Zero ambitions. The JV will focus on converting organic biomass waste into CBG using advanced waste-to-energy technologies.
Markets Around Us
BSE Sensex – 79,927.42 (-0.24%)
Nifty 50 – 24,255.10 (-0.30%)
Bank Nifty – 55,389.20 (0.03%)
Dow Jones – 39,527.57 (-0.20%)
Nasdaq – 16,708.05 (2.50%)
FTSE – 8,403.18 (0.89%)
Nikkei 225 – 35,121.09 (0.72%)
Hang Seng – 21,786.80 (-1.29%)
Sector: Computer software
Persistent Q4 Profit Surges
Persistent Systems’ shares rose 3% after the company posted strong Q4 results for FY25. Net profit jumped 25.5% year-on-year to ₹396 crore, while revenue grew over 25% to ₹3,242 crore. The company also declared a final dividend of ₹15 per share, taking the total FY25 payout to ₹35 as it marks its 35th anniversary. CEO Sandeep Kalra highlighted it was their 20th consecutive quarter of revenue growth, with a stable EBIT margin of 15.6%. He credited the performance to client trust, disciplined execution, and a focus on innovation. Persistent plans to hit $2 billion in annual revenue by FY27 through AI-led, platform-driven services. The company also reported a healthy Total Contract Value (TCV) of $517.5 million and Annual Contract Value (ACV) of $350.2 million for the quarter. Founder Anand Deshpande emphasized their early bets on AI and consistent focus on delivering tech solutions that add long-term value.
Why it Matters:
Persistent Systems reported a strong Q4 with a 25% jump in profit and over 25% revenue growth, showing solid business momentum. The ₹35 total dividend marks its 35th anniversary and reflects investor-friendly policies. With a sharp focus on AI-driven services, the company is well-positioned for long-term growth and market leadership.
NIFTY 50 GAINERS
INDUSINDBK – 826.05 (4.01%)
NESTLEIND – 2482.50 (2.02%)
ASIANPAINT – 2479.10 (2.02%)
NIFTY 50 LOSERS
TATACONSUM – 1126.40 (-2.06%)
BHARTIARTL – 1856.90 (-1.31%)
ETERNAL- 237.10 (-0.89)
Sector : Housing Finance Company
Bajaj Housing Q4 Profit Soars
Bajaj Housing Finance shares rose 4.5% to ₹137 after reporting strong Q4FY25 results. Net profit jumped 54% YoY to ₹587 crore, while net interest income increased 31% to ₹823 crore. Asset quality remained stable, with gross NPAs at 0.29% and net NPAs at 0.11%. Disbursements also rose to ₹14,250 crore, up from ₹11,393 crore a year ago. The company’s Assets Under Management (AUM) crossed ₹1.14 lakh crore, marking 26% annual growth. While the numbers look strong, HSBC maintained a “Reduce” rating, citing concerns over rising costs, margin pressure, and expected slowdown in earnings growth. Still, Bajaj Housing has delivered robust performance despite industry competition. So far in 2025, the stock has gained 3.6%, outpacing the Nifty 50’s 2% rise. The company remains on a growth path, but analysts will be watching how it manages margins and credit costs in the coming quarters.
Why it Matters:
Bajaj Housing Finance delivered a strong Q4 with a 54% profit surge and steady asset quality, signaling solid operational performance. Disbursements and AUM saw healthy growth, reflecting strong demand. While analysts remain cautious about margin pressure, the company’s consistent profitability shows its resilience in a competitive market.
Around the World
Most Asian markets edged up on Thursday, following gains on Wall Street after President Trump hinted at easing U.S.-China trade tensions and softer comments on the Federal Reserve. However, optimism faded as there was no clear progress, and U.S. officials suggested China must make the first move. Japan led the gains, with the Nikkei 225 rising nearly 1% on reports of renewed U.S. trade talks. Japanese automakers like Toyota and Honda jumped after news that Trump might exclude auto parts from tariffs. Nintendo also surged on strong demand for its upcoming Switch 2. In contrast, South Korea’s KOSPI fell 0.6% after GDP unexpectedly shrank in Q1, overshadowing strong earnings from chipmaker SK Hynix. China, Singapore, and Australia posted moderate gains, while Hong Kong dipped due to profit booking in tech stocks. Indian markets were cautious, with futures indicating a weak open amid geopolitical tensions in Kashmir. Markets await earnings from major Chinese firms like BYD and PetroChina.
Option Traders Corner
Max Pain
Nifty 50 – 24200
Bank Nifty – 54200
Nifty 50 – 24269 (Pivot)
Support – 24,179, 24,030, 23,940
Resistance – 24,418, 24,508, 24,658
Bank Nifty – 55543 (Pivot)
Support – 54,988, 54,607, 54,052
Resistance – 55,925, 56,479, 56,861
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