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PERSISTENT - Persistent Sys

📊 NSE: PERSISTENT 🏢 Computers - Software - Large 📅 Last Updated: 12/14/2025 10:58

📢 Recent Corporate Announcements

Persistent Systems Schedules Investor Meetings with Bellwether and American Century on May 5

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Apr 2026, 05:23 PM

Persistent Systems has announced virtual one-on-one meetings with Bellwether Capital and American Century Investments scheduled for May 5, 2026. These sessions follow the company's Q4FY26 and full-year earnings report released on April 21, 2026. The management will reiterate previously disclosed financial data and strategic outlooks from the recent earnings call. The company has confirmed that no unpublished price-sensitive information will be shared during these interactions.

One-on-one virtual meeting with Bellwether Capital scheduled for 12:00 PM IST on May 5, 2026.
One-on-one virtual meeting with American Century Investments scheduled for 7:30 PM IST on May 5, 2026.
Discussions will be based on the Q4FY26 and FY26 annual results announced on April 21, 2026.
The company explicitly stated that no unpublished price-sensitive information (UPSI) will be disclosed.

💡 This is a routine investor relations update; shareholders should refer to the Q4FY26 investor presentation for the latest financial performance metrics. No immediate trading action is required based on this announcement.

Persistent Systems Releases Q4 FY26 Earnings Call Transcript

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Apr 2026, 04:54 PM

Persistent Systems has officially submitted the transcript of its investor and analyst conference call held on April 21, 2026. The call focused on the company's financial performance for the fourth quarter and the full fiscal year ending March 31, 2026. This filing is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency. Investors can use this transcript to gain deeper insights into management's commentary on growth drivers and operational challenges.

Official transcript of the investor call held on April 21, 2026, has been made public.
The call covered financial results for the quarter and year ended March 31, 2026.
Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The document is available for review on both the National Stock Exchange and BSE Limited websites.

💡 Investors should review the transcript for specific management guidance on margins and deal pipelines for the upcoming fiscal year. No immediate trading action is required as this is a routine regulatory filing.

Persistent Systems Receives NCLT Approval for Merger of Subsidiary Arrka Infosec

🟢 POSITIVE ⭐ 7/10

M&A 📅 22 Apr 2026, 05:46 PM

Persistent Systems has received formal approval from the NCLT Mumbai for the merger of its wholly-owned subsidiary, Arrka Infosec Private Limited, into the parent company. The merger by absorption was sanctioned on April 21, 2026, following a process that began in April 2025. This consolidation is expected to streamline corporate structure and improve operational efficiencies. The company is currently awaiting the certified copy of the order to complete final regulatory filings.

NCLT Mumbai sanctioned the merger of Arrka Infosec into Persistent Systems on April 21, 2026.
Arrka Infosec Private Limited is a 100% wholly-owned subsidiary of Persistent Systems.
The merger process was originally initiated and disclosed to stock exchanges on April 24, 2025.
Official notification was received by the company via email at 21:38 Hrs IST on April 21, 2026.

💡 This is a positive structural move that simplifies the company's legal entity framework and reduces compliance costs. Investors should view this as a routine consolidation of a specialized subsidiary into the main business.

Persistent Systems Releases Q4FY26 Earnings Call Recording and Analyst Presentation

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 22 Apr 2026, 12:11 AM

Persistent Systems has officially released the audio recording and detailed presentation for its investor call held on April 21, 2026. The call addressed the company's financial performance for the fourth quarter and the full fiscal year ended March 31, 2026. These materials provide investors with the management's commentary on business growth, operational margins, and future guidance. Such disclosures are part of the mandatory regulatory requirements under SEBI LODR to ensure transparency for all shareholders.

Concluded the Q4 and FY26 analyst call on April 21, 2026, at 6:00 PM IST.
Provided public access to the Analyst Presentation and Factsheet for the period ending March 31, 2026.
Audio recording of the entire management interaction is now available on the company website.
Compliance maintained under Regulation 30 and 46(2)(oa) of SEBI Listing Obligations.
The documents offer granular data on vertical performance and annual growth metrics.

💡 Investors should analyze the factsheet for trends in deal wins and attrition rates. It is recommended to listen to the management commentary regarding the demand environment and margin guidance for the upcoming fiscal year.

Persistent Systems Board Approves Audited FY26 Financial Statements

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 21 Apr 2026, 05:51 PM

Persistent Systems has announced that its Board of Directors approved the audited financial statements for the fiscal year ending March 31, 2026. The approval covers both consolidated and standalone financial results following a board meeting held on April 21, 2026. While the cover letter does not detail specific profit or revenue figures, it confirms the completion of the annual audit process. Investors are directed to the company's website to access the full detailed reports for comprehensive performance analysis.

Board of Directors approved the Audited Financial Statements for the year ended March 31, 2026.
Both Consolidated and Standalone financial statements have been finalized and released.
The announcement follows a prior intimation made on April 21, 2026, regarding the board meeting.
Full audited reports are now accessible to the public via the company's official website links.

💡 Investors should download and review the full audited reports from the company's website to analyze year-on-year growth and margin stability. Focus on the management's discussion and analysis section for guidance on the upcoming fiscal year.

Persistent Systems Recommends Final Dividend of ₹18 Per Share for FY 2025-26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 21 Apr 2026, 04:03 PM

Persistent Systems has recommended a final dividend of ₹18 per equity share for the financial year 2025-26. The announcement followed a Board of Directors meeting held on April 21, 2026. This dividend is based on a face value of ₹5 per share and is subject to shareholder approval at the 36th Annual General Meeting. The company has stated that the record date and book closure details will be notified separately.

Recommended final dividend of ₹18.00 per equity share for FY 2025-26
Dividend is calculated on a face value of ₹5 per share
Subject to approval at the upcoming 36th Annual General Meeting
Record date and book closure for payment to be determined and informed later

💡 Investors should track the upcoming announcement regarding the record date to ensure eligibility for the ₹18 per share dividend. The payout indicates healthy cash flow and a commitment to shareholder returns.

Persistent Systems FY26 Revenue Hits $1.65B, Up 17.4% YoY; Total Dividend at ₹40/Share

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 21 Apr 2026, 03:51 PM

Persistent Systems reported a strong FY26 with annual revenue reaching $1,654.4 million, a 17.4% year-on-year growth. The company maintained its growth momentum with 24 consecutive quarters of revenue increases, achieving a Q4 revenue of $436 million. Profitability remained healthy with an FY26 EBIT margin of 15.6%, despite a 0.6% impact from new labor codes. Shareholders are rewarded with a total dividend of ₹40 per share for the year, reflecting a payout increase from ₹35 in FY25.

FY26 revenue grew 17.4% YoY to $1,654.4 million, with Q4 revenue at $436 million (+16.2% YoY)
Board recommended a final dividend of ₹18, bringing the total FY26 dividend to ₹40 per share
EBIT and PAT margins for Q4 stood at 16.3% and 13.1% respectively, showing operational resilience
Return on Capital Employed (ROCE) reached 44.4% while Return on Equity (ROE) was 26.3% for FY26
Client base expanded with 62 clients now contributing over $5 million in annual revenue

💡 Investors should note the company's industry-leading 24 sequential quarters of growth and high return ratios. The stock remains a strong hold for long-term investors given its AI-led strategy and consistent dividend increases.

Persistent Systems FY26 PAT Surges 33.2% to ₹18,651M; Total Dividend at ₹40/Share

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 21 Apr 2026, 03:47 PM

Persistent Systems delivered a robust performance in FY26, with USD revenue growing 17.4% to $1,654.4 million and PAT surging 33.2% to ₹18,651.2 million. The company achieved its 24th consecutive quarter of growth in Q4 FY26, supported by a strong TCV of $600.8 million. EBIT margins remained resilient at 15.6% despite a one-time impact from new labor codes. Shareholders will receive a total dividend of ₹40 per share for the year, reflecting management's confidence in cash flows.

FY26 USD revenue rose 17.4% to $1,654.4M; PAT increased 33.2% to ₹18,651.2M.
Q4 FY26 TCV stood at $600.8M with ACV at $445.1M, indicating a strong deal pipeline.
EBIT margin for the full year was 15.6%, including a 0.6% impact from New Labour Codes.
Recommended a final dividend of ₹18, taking the total FY26 dividend to ₹40 per share.
Q4 revenue grew 3.2% Q-o-Q to $436.0M, marking 24 straight quarters of growth.

💡 Persistent continues to outperform peers with consistent double-digit growth and strong deal momentum in AI and digital engineering. Long-term investors should remain positive given the company's execution track record and increasing dividend payouts.

Persistent Systems Recommends Final Dividend of ₹18 Per Share for FY 2025-26

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 21 Apr 2026, 03:38 PM

Persistent Systems Limited has recommended a final dividend of ₹18 per equity share for the financial year ended March 31, 2026. This recommendation was made during the board meeting held on April 21, 2026, where the company also approved its audited financial results for the quarter and full year. The dividend is subject to approval by shareholders at the upcoming 36th Annual General Meeting. The company's statutory auditors have issued a clean, unmodified opinion on the financial statements, indicating robust reporting standards.

Recommended a final dividend of ₹18 per equity share for FY 2025-26.
The dividend is based on an equity share face value of ₹5 each.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors B S R & Co. LLP issued an unmodified audit opinion.
Record date for the dividend payment to be determined and communicated separately.

💡 Investors should hold the stock to be eligible for the ₹18 dividend and watch for the announcement of the record date. The clean audit report and dividend payout reflect stable financial health and management's commitment to returning value to shareholders.

Persistent Systems Recommends ₹18 Final Dividend for FY26; Approves Audited Financial Results

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 21 Apr 2026, 03:34 PM

Persistent Systems has approved its audited financial results for the quarter and full year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹18 per equity share with a face value of ₹5, representing a 360% payout. The statutory auditors have issued an unmodified opinion on the financial statements, confirming the accuracy and transparency of the reported figures. The dividend is subject to shareholder approval at the upcoming 36th Annual General Meeting.

Recommended a final dividend of ₹18 per equity share for the financial year 2025-26
Audited financial results for Q4 and FY26 approved with an unmodified audit opinion from B S R & Co. LLP
The dividend payout is based on a face value of ₹5 per equity share
Board meeting concluded on April 21, 2026, following a two-day session
Record date for the final dividend to be communicated separately following AGM approval

💡 Investors should monitor for the announcement of the record date to be eligible for the ₹18 dividend. The unmodified audit report provides confidence in the company's financial reporting integrity.

Persistent Systems to Conduct Non-Deal Roadshow with Major Institutional Investors on April 23

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 20 Apr 2026, 08:11 PM

Persistent Systems has scheduled a Non-Deal Roadshow (NDR) in Mumbai on April 23, 2026, to engage with a wide array of institutional investors. The company will meet with over 10 major entities including HDFC Mutual Fund, SBI Mutual Fund, and Kotak Mutual Fund in both one-on-one and group formats. These interactions follow the company's scheduled Q4 and FY26 earnings call on April 21, 2026. The management intends to reiterate information from the earnings call without disclosing any unpublished price-sensitive information.

Non-Deal Roadshow scheduled for April 23, 2026, in Mumbai involving 11 distinct meeting slots.
Participation from top-tier institutions including HDFC Life, SBI Life, Axis Mutual Fund, and Motilal Oswal.
Meetings follow the official Q4 and FY26 financial results announcement scheduled for April 21, 2026.
Interaction formats include 8 one-on-one sessions and 2 group meetings starting from 8:30 am IST.

💡 Investors should focus on the Q4 FY26 earnings results on April 21, as they will be the primary subject of these institutional discussions. The high level of institutional interest suggests a need to monitor post-earnings brokerage reports for sentiment shifts.

Persistent Systems Reschedules Investor Call to 6:00 PM on April 21, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Apr 2026, 09:11 PM

Persistent Systems Limited has announced a timing update for its upcoming investor and analyst conference call. The call, which was originally scheduled for 7:30 PM IST on Tuesday, April 21, 2026, has been moved earlier to 6:00 PM IST on the same day. This serves as an update to the company's previous notification issued on March 31, 2026. All other details, including registration links and dial-in numbers, remain unchanged from the previous communication.

Investor/analyst call rescheduled from 7:30 PM to 6:00 PM IST on April 21, 2026
Update follows the initial intimation sent by the company on March 31, 2026
Registration links and dial-in numbers for the session remain the same
Administrative change with no impact on business fundamentals or financial outlook

💡 Investors and analysts planning to attend the session should update their schedules for the earlier start time. No further action is required as this is a routine administrative update.

Persistent Systems Files Routine SEBI Compliance Certificate for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Apr 2026, 04:33 PM

Persistent Systems Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, covers the period from January 1, 2026, to March 31, 2026. The registrar confirmed that no securities were received for dematerialization during this specific quarter. This filing is a standard regulatory requirement for all listed entities in India to maintain transparency in shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026.
Registrar MUFG Intime India confirms zero securities were received for dematerialization during the quarter.
The filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Document signed and submitted to BSE and NSE on April 14, 2026.

💡 No action is required from investors as this is a routine administrative filing. Investors should continue to monitor the company for upcoming financial results and growth guidance.

Persistent Launches AI-Powered Merchant Risk Solution; Targets 20-40% Fraud Loss Reduction

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 09 Apr 2026, 12:30 PM

Persistent Systems has launched a Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform. The solution utilizes Agentic AI to provide real-time intelligence for merchant vetting and transaction monitoring, specifically targeting financial institutions and payment providers. It aims to deliver significant operational efficiencies, including a 50-70% reduction in manual review effort. This launch strengthens Persistent's position in the BFSI sector and leverages its deep partnership with Databricks, where it maintains over 900 certified professionals.

Expected 20–40% reduction in chargeback and fraud losses through earlier risk detection
Anticipated 30–60% improvement in fraud detection accuracy using multi-signal intelligence
Significant 50–70% reduction in manual review effort for risk management teams
Estimated 10–20% reduction in overall risk management costs through automation
Leverages 900+ Databricks certified professionals and 8+ existing accelerators on the platform

💡 Investors should view this as a positive step in Persistent's AI-led growth strategy within the high-margin BFSI vertical. Monitor the adoption rate of this solution among global payment providers as a key indicator of the company's ability to monetize its AI partnerships.

Persistent Systems Restructures German Subsidiary via EUR 20.8M Share Swap

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 31 Mar 2026, 04:48 PM

Persistent Systems has completed an internal restructuring by transferring 100% ownership of its German subsidiary, Persistent Systems Germany GmbH, to its Irish subsidiary, Aepona Group Limited. The transaction is valued at EUR 20,878,597 and was executed via a share swap, resulting in no cash outflow for the consolidated entity. This move is aimed at entity rationalization and improving operational efficiency within the group's European operations. The German unit reported a turnover of EUR 5.01 million for FY25, and it will now operate as a step-down subsidiary.

Transfer of 100% stake in Persistent Systems Germany GmbH to Aepona Group Limited, Ireland.
Transaction value of EUR 20,878,597 settled through an allotment of equity shares (share swap).
Target entity turnover for FY25 was EUR 5,018,646, showing a slight decline from EUR 6,156,527 in FY24.
Restructuring designed to achieve entity rationalization and operational efficiency.

💡 This is a routine internal reorganization with no impact on the company's consolidated financial performance. Investors should view this as neutral corporate housekeeping.

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💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, the Banking, Financial Services & Insurance (BFSI) segment grew 30.7% YoY, Healthcare & Life Sciences (HLS) grew 12.4% YoY, and Software, Hi-Tech & Emerging Industries grew 14.1% YoY. Total revenue reached $406.2 million (INR 3,580.72 Cr), up 17.6% YoY in USD terms and 23.6% YoY in INR terms.

Geographic Revenue Split

Persistent is heavily concentrated in North America, which contributed 79.8% of revenue in Q2 FY26. Europe contributed 9.3%, India 9.2%, and the Rest of the World (ROW) 1.7%. This concentration exposes the company to region-specific challenges in the US market.

Profitability Margins

EBIT margin reached 16.3% in Q2 FY26, a 230 basis point improvement YoY. PAT margin stood at 13.2% (INR 471.47 Cr), representing a 45.1% YoY growth in absolute profit terms. The improvement was driven by cost optimization and favorable currency movements.

EBITDA Margin

Operating profit margins (OPM) were 16.3% in FY2024 but faced pressure in H1 FY25, declining to 14.7% due to rapid ramp-ups in the HLS vertical. However, management targets a 200-300 basis point improvement in EBIT margins over the next 2-3 years through operational efficiency.

Capital Expenditure

Increased Capex on facilities and IT infrastructure impacted EBIT margins by 20 basis points in Q2 FY26. Total cash and investments stood at INR 2,495.72 Cr as of September 30, 2025.

Credit Rating & Borrowing

Persistent maintains a strong credit profile with an interest coverage ratio of 25.5x. Ratings could be downgraded if Total Debt/OPBITDA exceeds 1.25x on a sustained basis. The company maintains a low debt-to-tangible net worth ratio of 0.1x.

⚙️ Operational Drivers

Raw Materials

As an IT services firm, the primary 'raw material' is human capital. Employee costs are the largest expense, with utilization rates at 88.2% in Q2 FY26 (a 50 bps decline QoQ) and TTM attrition at 11.5% in FY2024.

Import Sources

Not applicable for IT services; however, talent is primarily sourced from India (9.2% revenue contribution) and the US (79.8% revenue contribution).

Key Suppliers

Not disclosed in available documents as the business is service-oriented rather than manufacturing-based.

Capacity Expansion

The company is expanding its physical facilities and IT infrastructure, which increased depreciation and amortization by 20 basis points in Q2 FY26. Utilization is targeted at an optimum level of 83-85%.

Raw Material Costs

Employee costs are the primary driver; utilization of 88.2% and a focus on offshoring (which added 30 bps to margins in Q2 FY26) are key cost management strategies.

Manufacturing Efficiency

Efficiency is measured by employee utilization, which stood at 88.2% in Q2 FY26. The company also improved billed DSO by 2 days to 54 days, enhancing cash flow efficiency.

📈 Strategic Growth

Expected Growth Rate

17.60%

Growth Strategy

Growth is driven by a $1.96 billion TTM Total Contract Value (TCV) and $1.39 billion Annual Contract Value (ACV). Strategy includes scaling the HLS and BFSI verticals, tuck-in acquisitions for niche capabilities, and the 'SASVA' AI platform to win deals with lower manpower costs.

Products & Services

Software engineering, IT consultancy, GenAI solutions, cloud services, and the SASVA AI platform.

Brand Portfolio

Persistent Systems, SASVA (AI Platform).

New Products/Services

The SASVA AI platform is a key new offering, enabling the company to win competitive deals by utilizing AI-driven automation to reduce project headcount.

Market Expansion

Targeting a $2 billion revenue run rate (currently at $1.6 billion annualized). Expansion is focused on deepening relationships with the top 10 clients, who contribute 43.2% of revenue.

Market Share & Ranking

Persistent is described as having a 'moderate scale' compared to large domestic IT players, which restricts its pricing flexibility.

Strategic Alliances

The company focuses on alliances and partnerships to advance its AI strategy and Asia-PAC market presence.

🌍 External Factors

Industry Trends

The industry is shifting toward GenAI adoption. Persistent is positioning itself through its SASVA platform to improve delivery efficiency and win deals against larger competitors.

Competitive Landscape

Competes in an intensely competitive IT services industry where pricing flexibility is limited by the scale of larger domestic peers.

Competitive Moat

Moat is built on niche capabilities in HLS and BFSI and its proprietary AI platform (SASVA). However, the moat is challenged by intense competition and the moderate scale of operations compared to Tier-1 IT firms.

Macro Economic Sensitivity

Highly sensitive to US macroeconomic conditions and IT spending cycles, as 80% of revenue is US-based.

Consumer Behavior

Clients are increasingly seeking cost-optimization deals and AI-integrated service delivery.

Geopolitical Risks

Exposure to regulatory and legislative changes in the US, India, and Europe. US concentration is the primary geopolitical risk factor.

⚖️ Regulatory & Governance

Industry Regulations

Subject to data privacy laws, labor policies in key markets (US/India), and visa regulations for onsite employees.

Environmental Compliance

Direct exposure to environmental risks is considered 'not material' due to the service-oriented nature of the business.

Taxation Policy Impact

The effective tax rate (ETR) for Q2 FY26 was 23.5%. The company expects the FY26 ETR to remain between 22.5% and 23.5%.

Legal Contingencies

The company reported proper systems for compliance with all applicable laws; no specific high-value pending court cases were quantified in the provided documents.

⚠️ Risk Analysis

Key Uncertainties

Susceptibility to demand softening in the US market and potential margin pressure from rapid onsite hiring for project ramp-ups (which recently pressured HLS margins).