Persistent Systems Q2 Results: Profit Up 11%, Beats Street Estimates
Persistent Systems' topline in the second quarter of current fiscal rose 7% to Rs 3,580.70 crore, compared to Rs 3,333.50 crore in the quarter ended June.
Persistent Systems announced its September quarter results on Wednesday, reporting a rise of 11% in consolidated net profit to Rs 471.40 crore, compared to Rs 424.90 crore in the preceding June quarter of FY26.
The Pune-based multinational tech company's topline (revenue from operations) in the second quarter of current fiscal rose 7% to Rs 3,580.70 crore, compared to Rs 3,333.50 crore in the quarter ended June.
Persistent Systems Q2 Highlights (Consolidated, QoQ)
Revenue up 7.4% to Rs 3,580.70 crore versus Rs 3,333.50 crore
Net Profit up 11% to Rs 471.40 crore versus Rs 424.90 crore
Ebit up 13% to Rs 583.00 crore versus Rs 517.70 crore
Margin at 16.3% versus 15.5%
Our AI strategy builds on a strong platform-led foundation and is powered by deep domain knowledge, differentiated IPs, accelerators and strategic partnerships. This integrated approach brings together enterprise readiness for AI transformation, engineering hyper-productivity and business hyper-productivity, enabling clients to scale innovation, modernize their core and achieve measurable impact faster," said Sandeep Kalra, Chief Executive Officer and Executive Director.
The company's order booking for the quarter ended on Sept. 30, 2025, and stood at $609.2 million in Total Contract Value, as well as $447.9 million in Annual Contract Value.
In USD terms, Persistent Systems achieved $406.2 million in revenue during the September quarter of FY26 with 17.6% year-on-year growth.
Persistent Systems expects a recovery in demand for the IT companies in the US market in the coming quarters of the current fiscal. The uncertainties triggered by the tariffs imposed by US President Donald Trump are expected to be resolved over the next two quarters, according to the company’s CEO Sandeep Kalra.
“In the next two to three quarters, we believe that the macro should settle down. Also, given the fact that next year, late next year, there are US elections. All this has to settle down well for the incumbent government to do the right things. So, all of this should bode well for the demand environment,” he told NDTV Profit earlier.
Shares of the company ended 0.56% lower at Rs 5,299.80 apiece, as compared to a 0.32% decline in the benchmark NSE Nifty 50.
