Persistent Systems Limited has disclosed the outcome of its non-deal roadshow held on Tuesday, August 4, 2026, confirming engagements with several institutional investors. The company informed the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that no unpublished price-sensitive information was shared during these sessions. Management reiterated details from its earnings call on Monday, August 3, 2026, which covered results for the quarter ended June 30, 2026.

The roadshow aimed to maintain transparency with the investment community. Persistent Systems emphasized that all interactions were strictly confined to publicly available information to ensure fair disclosure across market participants. The sessions included both one-on-one meetings and a group discussion with various financial institutions.

The schedule for the confirmed interactions on August 4, 2026, is as follows:

Amit Atre, Company Secretary of Persistent Systems Limited, signed the disclosure filed on August 4, 2026. The company previously intimated the exchanges about the upcoming roadshow on July 30, 2026. The second day of engagements, scheduled for Wednesday, August 5, 2026, includes meetings with Invesco Mutual Fund, UTI Mutual Fund, Motilal Oswal Mutual Fund, Tata Mutual Fund, and Axis Mutual Fund.

What the Numbers Show

The confirmation of these meetings underscores the company's commitment to regular investor communication following its quarterly results announcement. By restricting discussions to publicly available data, Persistent Systems ensures compliance with regulatory standards while keeping institutional stakeholders informed about its performance for the quarter ended June 30, 2026.

Persistent Systems reported a consolidated net profit of ₹4,830.4 million for the quarter ended June 30, 2026, driven by a 29.1% year-on-year surge in revenue to ₹43,032.3 million (US$452.4 million). The Board of Directors approved these audited results on August 2, 2026, alongside the proposed acquisition of up to 100% of Nagarro SE at EUR 81 per share. This strategic move aims to strengthen the company’s European footprint and diversify its global IT services platform, signaling aggressive expansion despite a complex regulatory landscape requiring shareholder and Reserve Bank of India approvals.

The financial performance was validated by statutory auditors B S R & Co. LLP, who issued an unmodified opinion on both standalone and consolidated statements. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in Financial Express and Loksatta on August 3, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and the Companies Act, 2013.

Financial Performance

Consolidated total income reached ₹43,738.63 million, up from ₹33,882.49 million in Q1FY26. Earnings before interest and taxes (EBIT) grew 32.7% year-on-year to ₹6,868.8 million, outpacing revenue growth and reflecting operational leverage. Profit before tax stood at ₹6,231.0 million against a tax expense of ₹1,400.58 million. Basic earnings per share (EPS) were ₹30.88, compared to ₹27.43 in the prior year.

Standalone revenue from operations increased 26.4% YoY to ₹41,178.01 million, with a net profit of ₹4,020.24 million. Standalone basic EPS rose to ₹25.70 from ₹23.71 in Q1FY26.

Strategic Developments: Nagarro Acquisition

The Board approved the acquisition of Nagarro SE through its subsidiary Galaxy Germany Holding SE ('BidCo') at EUR 81 per share. A Share Purchase Agreement was signed with Lantano Beteiligungen GmbH to initially acquire a 21% shareholding. To secure bridge financing of EUR 1,400 million from Barclays Bank PLC, the Board approved a corporate guarantee of up to EUR 1,540 million, supported by pledges on BidCo’s shareholding and inter-company receivables. This transaction is subject to approval at the 36th Annual General Meeting and requisite regulatory clearances, including RBI approval.

Additionally, Persistent Systems Ireland Operations Limited established a new subsidiary in Estonia via acquisition on May 22, 2026. A Business Purchase Agreement with Concise Systems OÜ was executed on May 28, 2026, with closing conditions met on July 1, 2026; this had no accounting impact in Q1FY27. The merger of MediaAgility India Private Limited into the holding company remains pending necessary approvals.

Operational Highlights

The company achieved a record quarterly Total Contract Value (TCV) of US$1.15 billion, highlighted by a 6.5-year strategic services agreement with a leading global technology company valued at more than US$650 million. Trailing twelve-month (TTM) TCV stood at US$3,030.7 million, while TTM Annual Contract Value (ACV) was US$1,931.7 million.

Employee headcount increased to 28,640 as of June 30, 2026, from 27,502 in the previous quarter. The technical workforce comprised 26,905 employees. Utilization rate was 86.5%, including trainees, while the trailing twelve-month attrition rate declined to 12.3% from 13.0% in the prior quarter. Days Sales Outstanding (DSO) for billed receivables was 61 days.

What the Numbers Show

EBIT growth of 32.7% significantly outpaced net profit growth of 13.7%, indicating strong operational leverage despite higher employee benefits expense. While top-line expansion is robust, the disproportionate rise in operational costs suggests that cost management remains a key focus area as the company scales. However, the maintenance of a 16.0% EBIT margin amidst aggressive hiring (headcount up 4.1% QoQ) demonstrates disciplined execution in managing leverage during high-growth phases.