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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% growth YoY) and 15.6% EBIT margin. The strategy centers on an AI-led, platform-driven approach for digital engineering.

Why this was an Alfa AlertNot a filter event. Results are strong but no prior guidance provided to verify a material beat.
Highlights
Revenue growth17.4% YoY in USD; 23.5% YoY in INR for FY26.
MarginsFY26 EBIT margin 15.6%; PAT margin 12.6% (impacted by labor codes).
Order bookTTM TCV at $2,405.3M; TTM ACV at $1,780.1M.
Demand visibilityStrong momentum in BFSI, Healthcare, and Software/Hi-Tech segments.
Management confidenceHigh, citing 24 sequential quarters of revenue growth and AI leadership.

Growth

FY26 Revenue reached ₹147.5B (+23.5% YoY). Q4 FY26 Revenue at $436M (+16.2% YoY); PAT margin at 13.1%.

Outlook

Total FY26 dividend of ₹40/share. Focus on 'Sixth Orbit' strategy: AI-led services, agentic AI, and outcome-based models.

Risks

Currency fluctuations, high U.S. customer concentration, wage increases in India, and intense IT services competition.

Source

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

Read the document ↗

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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17:12 IST NSE
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.

Value
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12:35 IST NSE
Business Update

Persistent Systems Business Update

Persistent Systems earned the Databricks Brickbuilder Specialization for BFSI. The certification highlights its expertise in governed AI for financial services.

21:48 IST BSE
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.

14:16 IST NSE
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.

23:17 IST NSE
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.

Value
₹11,875 Cr