Persistent Systems Limited has announced its financial results for the first quarter of fiscal year 2026, demonstrating robust growth and solid performance across key metrics.

Financial Highlights

• Revenue reached $389.70 million, marking an 18.8% year-over-year increase and a 3.9% quarter-over-quarter growth.
• Profit After Tax (PAT) stood at Rs 4,249.40 million, showing a significant 38.7% year-over-year growth.
• EBITDA margin improved to 18.3%, up from 16.6% in Q1 FY25.
• Basic Earnings Per Share (EPS) increased to Rs 27.43, compared to Rs 20.09 in Q1 FY25.

Operational Performance

The company's performance was strong across all three of its primary segments:

Key Developments

• The company approved the issuance of 1,350,000 equity shares to the PSPL ESOP Management Trust.
• Yogesh Patgaonkar, Chief People Officer, will retire effective July 31, 2025. Rajiv Naithani will assume the role of Chief People Officer from August 1, 2025.
• Shimona Chadha joined as the new Chief Marketing Officer to drive global marketing strategy and brand positioning.

Management Commentary

Sandeep Kalra, Chief Executive Officer and Executive Director, stated, "We delivered our 21st sequential quarter of revenue growth, up 3.9% Q-o-Q and 18.8% Y-o-Y, while sustaining operating margins in a challenging macroeconomic environment. This performance reflects the strength of our AI-led, platform-driven strategy, focus on customer value creation, and our ability to unlock measurable outcomes."

Recent Recognitions

• Named the fastest-growing IT Services Brand in Brand Finance's India 100 2025 Report.
• Recognized as a Leader in ISG Provider Lens™ 2025 for Digital Engineering Services.
• Cited as a Leader in Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025.
• Named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant-A Insights Group.

Dividend

The 35th Annual General Meeting approved a final dividend of Rs 15 per equity share for the Financial Year 2024-25, in addition to the interim dividend of Rs 20 per share, bringing the total dividend for FY25 to Rs 35 per equity share.

Persistent Systems continues to demonstrate strong financial performance and strategic growth, reinforcing its position as a leader in the IT services sector. The company's focus on AI-led and platform-driven services, along with its commitment to talent development and client value creation, positions it well for continued success in the evolving technology landscape.

Persistent Systems , a prominent player in the Indian IT services sector, witnessed a notable block trade on the National Stock Exchange (NSE) recently. The transaction involved approximately 29,370 shares of the company, valued at Rs. 16.41 crore.

Block Trade Details

The block trade was executed at a price of Rs. 5,588.00 per share, reflecting current market valuations for Persistent Systems. This substantial transaction underscores the continued interest in the company's stock among institutional investors and large traders.

Market Impact

Block trades of this magnitude often attract attention in the market as they can potentially influence short-term price movements and liquidity. However, it's important to note that such trades are typically pre-arranged between parties and may not necessarily indicate a shift in the overall market sentiment towards the stock.

About Persistent Systems Ltd.

Persistent Systems is a global technology services company known for its expertise in software product engineering and digital transformation. The company has established a strong presence in various industry verticals, including healthcare, financial services, and telecommunications.

While this block trade represents a significant transaction, investors and market observers are advised to consider it in the broader context of the company's performance and market conditions. As always, it's crucial to conduct thorough research and consider multiple factors when making investment decisions.