Persistent Systems' September-quarter profit falls 25% to about ₹352 crore

What happened

• Persistent Systems reported a net profit of about ₹352 crore for the September 2026 quarter, against ₹471 crore a year earlier, a fall of about 25%, according to HDFC Sky (₹351.51 crore) and Upstox (₹352 crore). Upstox said profit was down 27% from ₹483 crore in the June quarter.
• Revenue from operations was about ₹4,664 crore. The two outlets differ on the year-on-year growth rate (HDFC Sky 30.25%, Upstox 8.3%), so it is not given here.
• Upstox put EBITDA at ₹633 crore against ₹697 crore in the June quarter, with the margin at 13.5% against 16.1%.
• HDFC Sky said the company booked ₹185.34 crore of acquisition-related expenses for its buyout of Germany's Nagarro SE, and that its subsidiary held about 94.04% of Nagarro on 6 October.
• Total contract value of new deals was $633.5 million and annual contract value $481 million, both outlets said.
• The shares closed at ₹5,840 on Kite data, down 0.98% from ₹5,898. Upstox said the results came after the close.

Why it matters

Good to know: Total contract value is the full value of a deal over its term; annual contract value is the portion expected in the first year.

Key facts

Net profit

About ₹352 crore (₹471 crore a year earlier)

EBITDA margin (Upstox)

13.5% (16.1% in June quarter)

Nagarro deal costs (HDFC Sky)

₹185.34 crore

New deals, total contract value

$633.5 million

Read the source

• Persistent Systems Q2 Net Profit Falls 25% to Rs 351 Cr; Revenue Up 30%HDFC Sky
• Persistent Systems Q2 profit declines 27% QoQ to ₹352 crore as margins shrink, TCV at $633 millionUpstox

Persistent Systems in the news before

1. 23 OCT 2026 · EVENING · CORPORATE ACTIONSPersistent Systems opens ₹4,265 crore share sale to institutions at ₹5,550 floor price