Persistent Systems Q1 PAT climbs 7% QoQ to Rs 425 cr
On a year on year basis, the companys net profit and revenue 38.7% and 21.8% QoQ in Q1 FY26.
Profit before tax (PBT) stood at Rs 555.41 crore, up 9.94% QoQ and 63.9% YoY.
EBIT in the June 2025 quarter, EBIT improved 2.5% to Rs 517.81 crore, compared to Rs 505.29 crore in Q4 FY25. The EBITDA margin also increased to 15.5%, up from 14% in the same period last year.
In dollar terms, the IT firms revenue stood at $389.7 million in Q1 FY26, up 18.8% YoY and 3.9% QoQ.
The order booking for the quarter ended on 30th June 2025, was at $520.8 million in total contract value (TCV) and at $385.3 million in annual contract value (ACV) terms.
Sandeep Kalra, chief executive officer (CEO) and executive director, Persistent, said: 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.
Our innovation-led execution and sharp focus on talent continue to drive momentum. This has earned us recognition as a Leader in the ISG Provider Lens 2025 for Digital Engineering Services and in the Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix Assessment 2025. We are also proud to achieve top rankings in Extels Asia Executive Team survey for Investor Relations and stakeholder trust.
Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries.
The scrip tumbled 7.16% to Rs 5204.00 on the BSE.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
27 minutes ago
- Business Standard
Net direct tax mop-up falls nearly 4% to ₹6.64 trn in FY26 on high refunds
Total net collections stood at about Rs 6.64 trillion, a 3.95 per cent fall over Rs 6.91 trillion collected in the same period last fiscal (2024-25) Press Trust of India New Delhi Net direct tax collection dipped 3.95 per cent to Rs 6.64 trillion so far this fiscal, mainly on account on higher refunds, according to government data released on Tuesday. Direct tax includes taxes on income paid by companies, individuals, and by professionals, and other entities. Net corporate tax collection stood at about Rs 2.29 trillion, while non-corporate tax (which includes individuals, Hindu Undivided Families (HUFs) and firms) was at Rs 4.12 trillion. Securities Transaction Tax (STT) mop-up was Rs 22,362 crore between April 1-August 11. Total net collections stood at about Rs 6.64 trillion, a 3.95 per cent fall over Rs 6.91 trillion collected in the same period last fiscal (2024-25). Refunds issued so far this fiscal jumped 10 per cent to Rs 1.35 trillion. Gross collections (before refunds) stood at Rs 7.99 trillion between April 1-August 11, a 1.87 per cent dip over Rs 8.14 trillion in the year-ago period. In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 trillion, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
27 minutes ago
- Business Standard
Karur Vysya Bank expands footprint in Maharashtra, Andhra Pradesh
Private sector Karur Vysya Bank has strengthened its footprint with the inauguration of three new branches in Maharashtra, Andhra Pradesh and Tamil Nadu. The Karur-based bank has opened a new branch in KK Nagar, Udayanpatti, Tiruchirappalli in Tamil Nadu, Thane in Maharashtra, and Kurnool in Andhra Pradesh, the bank's Managing Director and CEO Ramesh Babu said. The new branches, which were inaugurated on Monday, would offer a comprehensive range of banking services including accounts, deposits and loans. It would also provide all banking transactions and would meet the specific needs of the customers, a press release from the bank said on Tuesday. Commenting on the branch expansion, Babu said, It is a part of the strategic initiative to strengthen the bank's presence in potential markets and bring services closer to customers. "At KVB, we are continuously working to enhance our service delivery through a combination of physical branches and digital platforms. Last financial year, we opened 50 new branches, and we plan to further strengthen our presence this year to support our growing customer base," the Managing Director said. The bank's mobile application KVB DLite, has been recently upgraded and offers over 150 financial and non-financial services, he said. On July 25, Karur Vysya Bank for the April-June 2025 quarter reported a net profit of Rs 521.45 crore, up from Rs 458.65 crore registered in the year-ago period. The total income during the quarter under review grew to Rs 3,015.80 crore, from Rs 2,672.88 crore registered during the corresponding quarter of last financial year.
India.com
27 minutes ago
- India.com
This ace investor increases stake in LIC-backed NBFC stock
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Ace investor Nimisha Pandey has increased her stake in LIC-backed Paisalo Digital Limited to 5.18 per cent through an open market acquisition. This involved purchasing 43,15,000 shares, bringing her total holding to 4,67,32,362 shares. Previously, Nimisha Pandey held 4,24,17,362 shares, representing 4.70 per cent of the company's total share/voting capital. The shares of Paisalo Digital Limited are listed on both the National Stock Exchange of India Limited and BSE Limited. Nimisha Pandey is identified as an acquirer, acting in concert, and is not part of the Promoter/Promoter group. Additionally, the company's Operations and Finance Committee approved the allotment of 3,400 Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rupees One Lakh, resulting in a total issuance of Rs 340,000,000. These debentures carry a coupon interest rate of 9.75 per cent per annum, payable quarterly, and have a tenure of 36 months. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, maintaining a security cover of 1.10 times the outstanding principal. In case of a delay in interest or principal payment exceeding three months, the default interest rate will be the coupon rate plus 2 per cent per annum.
