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Persistent Systems Drops 4 Percent on Profit Dip, Sri Lotus Developers Hits 52-Week High
M
Moneycontrol•16-10-2026, 10:10
Persistent Systems Drops 4 Percent on Profit Dip, Sri Lotus Developers Hits 52-Week High
- •Persistent Systems shares fell 4 percent after reporting a 25.4 percent year-on-year decline in consolidated Q2 net profit to Rs 351.5 crore.
- •Angel One share price declined 2 percent despite posting a 58.2 percent jump in consolidated Q2 net profit to Rs 335 crore.
- •Sri Lotus Developers and Realty touched a 52-week high following a 77.9 percent surge in Q2 net profit to Rs 82.1 crore.
- •Broader market indices traded lower with the Nifty Midcap index falling 0.32 percent while the BSE market breadth remained negative.
Key Questions Answered
Persistent Systems shares declined 4 percent because the company reported a 25.4 percent year-on-year drop in consolidated Q2 net profit down to Rs 351.5 crore, alongside contracting EBIT margins, despite a 30.3 percent increase in revenue to Rs 4,663.9 crore.
Sri Lotus Developers and Realty touched a 52-week high after reporting a 77.9 percent year-on-year increase in consolidated Q2 net profit to Rs 82.1 crore and a 52.5 percent rise in revenue to Rs 268.6 crore.
Angel One experienced a 2 percent decline in share price despite posting a 58.2 percent year-on-year surge in consolidated Q2 net profit to Rs 335 crore and an 18.7 percent increase in revenue to Rs 1,427 crore.
