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In US dollar terms, revenue increased 20% YoY and 7.8% QoQ to $487.6 million. The company reported order bookings of $633.5 million in total contract value (TCV) and $481 million in annual contract value (ACV) for the quarter ended 30 September 2026.
Profit before tax stood at Rs 453.7 crore in Q2 FY27, down 27.2% vs the previous quarter and 26.4% vs the year-ago quarter. EBITDA increased 26.4% YoY and 7.8% QoQ to Rs 864.4 crore. EBIT rose 19.5% YoY and 1.6% QoQ to Rs 697.7 crore. The EBIT margin stood at 15.0% in Q2 FY27.
Gross profit increased 22.2% YoY to Rs 1,574 crore from Rs 1,288.3 crore. Total direct costs rose 34.8% YoY to Rs 3,089.9 crore. Selling and marketing expenses increased 20.3% to Rs 345.2 crore, while administrative and other expenses rose 14.7% to Rs 364.4 crore.
The company reported an exceptional expense of Rs 185.3 crore related to the proposed Nagarro acquisition. Other income and exchange losses also weighed on profit during the quarter. Other income stood at a loss of Rs 13.1 crore, compared with income of Rs 58.9 crore in Q2 FY26, while exchange loss amounted to Rs 45.6 crore, against an exchange gain of Rs 27.2 crore a year earlier.
Chief executive officer and executive director Sandeep Kalra said the company recorded its 26th consecutive quarter of revenue growth. He highlighted progress on the proposed Nagarro acquisition, including securing approximately 94.04% of its share capital and voting rights, excluding treasury shares. Shareholders also approved an equity raise of up to $450 million, with combined equity and borrowings capped at $1.25 billion.
Kalra said the proposed acquisition is intended to strengthen engineering capabilities, diversify geographic presence and expand global delivery capabilities. He also highlighted continued investment in AI capabilities and platforms.
Persistent Systems is a global digital engineering and enterprise modernisation company offering AI-led solutions across software engineering, product development, data analytics, cloud computing and business automation. It employs over 29,500 people across 21 countries.
Persistent Systems has inaugurated its third facility in Hyderabad at Phoenix Equinox in Gachibowli. The expansion strengthens Persistent's ability to deliver programs in AI deployment, payments modernization, cloud platforms and operational resilience for banking, financial services and insurance clients.
The facility provides secure, dedicated workspaces for program delivery and areas for Persistent and client teams to collaborate on AI deployment and systems modernization. It builds on the Company's Financial Services expertise and digital engineering capabilities to support clients working on critical technology programs within regulated environments.
Persistent has more than 3,000 employees in Hyderabad, with existing offices at WaveRock and Sattva Knowledge City. The new facility extends this established presence and supports access to engineering and financial services talent in the city's ecosystem of financial institutions, global capability centers and fintech companies.
Persistent Systems Ltd gained for a third straight session today. The stock is quoting at Rs 5980, up 3.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.78% on the day, quoting at 22538.75. The Sensex is at 72509.5, up 0.81%. Persistent Systems Ltd has risen around 9.17% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.26% in last one month and is currently quoting at 28349.6, up 4.52% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 4.36 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 5959.5, up 3.49% on the day. Persistent Systems Ltd is up 12.03% in last one year as compared to a 10.37% drop in NIFTY and a 15.86% drop in the Nifty IT index.
The PE of the stock is 52.58 based on TTM earnings ending June 26.
Persistent Systems Ltd, ITC Ltd, FSN E-Commerce Ventures Ltd, Uno Minda Ltd are among the other stocks to see a surge in volumes on BSE today, 05 October 2026.
GSPL Transmission Ltd registered volume of 3.12 lakh shares by 10:45 IST on BSE, a 26.87 fold spurt over two-week average daily volume of 11615 shares. The stock slipped 4.99% to Rs.130.35. Volumes stood at 6825 shares in the last session.
Persistent Systems Ltd witnessed volume of 2.28 lakh shares by 10:45 IST on BSE, a 8.22 times surge over two-week average daily volume of 27687 shares. The stock increased 3.36% to Rs.5,536.00. Volumes stood at 46301 shares in the last session.
ITC Ltd clocked volume of 54.95 lakh shares by 10:45 IST on BSE, a 6.25 times surge over two-week average daily volume of 8.80 lakh shares. The stock gained 1.50% to Rs.260.85. Volumes stood at 25.27 lakh shares in the last session.
FSN E-Commerce Ventures Ltd registered volume of 5.49 lakh shares by 10:45 IST on BSE, a 6.13 fold spurt over two-week average daily volume of 89547 shares. The stock rose 4.64% to Rs.338.20. Volumes stood at 1.26 lakh shares in the last session.
Uno Minda Ltd saw volume of 2.22 lakh shares by 10:45 IST on BSE, a 5.67 fold spurt over two-week average daily volume of 39182 shares. The stock dropped 2.13% to Rs.1,091.30. Volumes stood at 55252 shares in the last session.
Persistent Systems Ltd is up for a third straight session in a row. The stock is quoting at Rs 5512.5, up 2.71% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 22462.4. The Sensex is at 72065.15, up 0.22%. Persistent Systems Ltd has dropped around 0.5% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 6.18% in last one month and is currently quoting at 28304.7, down 0.57% on the day. The volume in the stock stood at 5.4 lakh shares today, compared to the daily average of 4.28 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 5512.5, up 2.2% on the day. Persistent Systems Ltd is up 6.23% in last one year as compared to a 10.43% drop in NIFTY and a 18.95% drop in the Nifty IT index.
The PE of the stock is 48.75 based on TTM earnings ending June 26.
Persistent Systems secured 7,568,145 shares, representing approximately 61.15% of Nagarro SE's ( Nagarro) outstanding share capital (i.e., excluding treasury shares) by way of a Voluntary Public Takeover Offer (the Offer) during the acceptance period completed as of 17 September 2026. The Company already secured a stake of approximately 22.10% shareholding in Nagarro (excluding treasury shares) under a share purchase agreement with Lantano Beteiligungen GmbH. As a result, the Company secured an aggregate shareholding of 83.25% (excluding treasury shares) as of 17 September 2026, thereby exceeding the minimum threshold requirement, i.e., 50% plus one share, under the Offer.
In view of the aforesaid development, under the prevailing laws an additional acceptance period of two weeks will commence on 23 September 2026, and run until 06 October 2026. During the additional acceptance period, Nagarro's Shareholders, who have not yet tendered their shares may accept the Offer.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems: “We have offered Nagarro shareholders an attractive opportunity to realize full and immediate value. The success of the offer confirms its appeal and the strategic logic behind combining Persistent and Nagarro. We now look forward to completing the remaining steps toward closing, so we may start building the global AI-led digital engineering leader we envisioned together.'
Following the consummation of the Offer and acting on a taking private strategy, Persistent intends to terminate the admission of Nagarro shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and trading on the open market of other stock exchanges as soon as practicable and legally feasible. The termination of admission to trading on the regulated market would result in Nagarro being excluded from the SDAX and a reduction in liquidity of Nagarro shares. Pursuant to the Business Combination Agreement, Nagarro's Management Board is, subject to its fiduciary duties, willing to support the delisting of the Nagarro shares.