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Earnings Call

Persistent Systems Earnings Call: Key Takeaways

Persistent Systems reported strong FY26 performance with $1,654.4M revenue (+17.4% YoY) and 15.6% EBIT margin. The strategy centers on an AI-led, platform-driven 'Sixth Orbit' pivot.

Why this was an Alfa AlertNot a filter event. Results are in line with the consistent growth trajectory; no specific guidance beat over 5% was stated.
Highlights
Revenue growth17.4% YoY in USD for FY26.
MarginsEBIT margin 15.6% in FY26; Q4FY26 improved to 16.3%.
Order bookTTM TCV at $2,405.3M; ACV at $1,780.1M.
Demand visibilityStrong, supported by $1.46B in new TCV bookings.
Management confidenceHigh, citing 24 sequential quarters of growth.

Growth

FY26 revenue grew 23.5% in INR terms to ₹147.5B; PAT grew 33.2% to ₹18.65B.

Outlook

Strong deal momentum with TTM TCV at $2.4B. Focus on scaled AI adoption and enterprise modernization.

Risks

Client concentration (top 10 at 42.1%), wage increases in India, and currency fluctuations.

Source

Earnings Call filed with NSE, NSE: PERSISTENT. Summary written with AI assistance from the document.

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Persistent Systems Ltd: key numbers

Share price
₹5,372.00
Market cap
₹84,018 Cr
Revenue (annual)
₹14,748 Cr
Net profit (annual)
₹1,865 Cr
P/E (TTM)
43.7×Sector 22.1×
Promoter holding
30.29%+0.00% QoQ
FII holding
20.79%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Acquisition

Persistent Systems Acquisition Worth ₹6,682 Cr

Persistent Systems secured an 83.25% stake in Nagarro SE through a voluntary takeover offer and prior agreement. An additional acceptance period runs until October 6, 2026.

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Management Change

Persistent Systems Management Change

Cdr. Jayant Shivaji Konde has resigned as Senior Vice President – Administration at Persistent Systems. The resignation is effective September 18, 2026.

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Open Offer

Persistent Systems Open Offer

Persistent Systems confirmed the minimum acceptance condition for its Nagarro SE takeover offer was fulfilled on September 17, 2026. No monetary value is disclosed.

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Annual General Meeting

Persistent Systems Annual General Meeting

Persistent Systems has called an EGM on October 5, 2026, to seek shareholder approval for raising up to USD 1,250 million via debt and securities issuance.

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