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Earnings Call

Persistent Systems Earnings Call: Key Takeaways

Persistent delivered strong FY26 growth, hitting $1.65B revenue (+17.4% YoY) with 15.6% EBIT margins. Strategy pivots toward AI-led, platform-driven services under their 'Sixth Orbit' phase.

Why this was an Alfa AlertNot a filter event. Results and growth are consistent with long-term trajectory but do not meet the 50% YoY single-year growth or 10%+ guidance beat threshold.
Highlights
Revenue growth17.4% YoY in USD; 23.5% YoY in INR for FY26.
MarginsFY26 EBIT margin at 15.6%; Q4FY26 margin improved to 16.3%.
Order bookTTM TCV at $2,405.3M; ACV at $1,780.1M.
Demand visibilityPositive momentum across BFSI, Healthcare, and Software/Hi-Tech segments.
Management confidenceStrong; emphasizing AI-first strategy and consistent execution across 24 quarters.

Growth

FY26 Revenue grew 17.4% to $1,654.4M. PAT rose 33.2% YoY to ₹18,651M. Q4FY26 marked 24 sequential quarters of growth.

Outlook

Focus on 'Agentic AI' and enterprise modernization. Full-year dividend of ₹40 per share declared for FY26.

Risks

Currency fluctuations, high U.S. customer concentration, wage inflation in India, and potential disruptions from new labor codes.

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.

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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