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Earnings Call

Persistent Systems Earnings Call: Key Takeaways

Persistent delivered strong FY26 performance with $1.65B revenue, up 17.4% YoY. Strategy pivots to AI-led, platform-driven engineering with 24 consecutive quarters of growth.

Why this was an Alfa AlertNot a filter event. Results are consistent with long-term growth trajectory but no 10%+ guidance beat explicitly stated.
Highlights
Revenue growth17.4% YoY in USD; 23.5% in INR for FY26.
MarginsFY26 EBIT margin 15.6%; Q4FY26 improved to 16.3%.
Order book$600.8M TCV in Q4FY26; $408.9M New TCV.
Demand visibilityStrong, backed by $2.4B TTM TCV and $1.78B TTM ACV.
Management confidenceHigh, citing AI-first strategy and 24 quarters of sequential growth.

Growth

FY26 Revenue grew 17.4% ($1,654.4M) and PAT grew 33.2% (₹18,651M). Q4FY26 revenue up 16.2% YoY.

Outlook

Final dividend of ₹18 (total ₹40 for FY26). Focusing on 'Sixth Orbit' AI-driven services and expanding global footprint.

Risks

Client concentration (Top 10 at 42.1%), wage hikes, and immigration restrictions mentioned as general cautionary risks.

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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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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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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