loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Persistent Systems Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Persistent Systems Ltd. 23 Jul 2025 17:02 PM
Result PDF

Q1FY26 Quarterly Result Announced for Persistent Systems Ltd.

IT Consulting & Software company Persistent Systems announced Q1FY26 results

  • Revenue: Rs 33,335.9 million, change 21.8% YoY.
  • EBIT: Rs 5,178.1 million, change 34.8% YoY.
  • PBT: Rs 5,554.1 million, change 38.7% YoY.
  • PAT: Rs 4,249.4 million, change 38.7% YoY.

Sandeep Kalra,Chief Executive Officer and Executive Director, Persistent, said: “We delivered our 21st sequential quarter of revenue growth, up 3.9% QoQ and 18.8% YoY, 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 Extel’s Asia Executive Team survey for Investor Relations and stakeholder trust.

As we look ahead, we remain committed to delivering long-term growth for all stakeholders.”

Result PDF

Result PDF

IT Consulting & Software company Persistent Systems announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue: Rs 32,421.1 million for Q4FY25, change 25.2% YoY.
  • EBIT: Rs 5,052.9 million for Q4FY25, change 34.9% YoY.
  • PBT: Rs 5,052.1 million for Q4FY25, change 27.7% YoY.
  • PAT: Rs 3,957.6 million for Q4FY25, change 25.5% YoY.

FY25 Financial Highlights:

  • Revenue: Rs 98,215.9 million for FY25, change 21.6% YoY.
  • EBIT: Rs 14,149.3 million for FY25, change 23.8% YoY.
  • PBT: Rs 14,476.1 million for FY25, change 25.9% YoY.
  • PAT: Rs 10,934.9 million for FY25, change 28.0% YoY.

Anand Deshpande, Founder, Chairman & Managing Director, Persistent, said: “Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients’ digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision.

I am delighted to welcome our CFO, Vinit Teredesai, as Additional Director to our Board.”

Sandeep Kalra,Chief Executive Officer & Executive Director, Persistent, said: “We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success.

Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline. This momentum has been further validated by multiple prestigious industry recognitions, including the ISG Star of Excellence™ Award based on the voice of the customer and our Challenger positioning in the Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services.

As we look ahead, we are optimistic about sustaining progress to reach USD 2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.”

Result PDF

IT Consulting & Software company Persistent Systems announced Q3FY25 results

  • Revenue: Rs 30,622.8 million (QoQ: 5.7%, YoY: 22.6%).
  • EBITDA: Rs 5,378.4 million (Margin: 17.6%, QoQ: 11.9%, YoY: 21.7%).
  • PBT: Rs 4,820.4 million (Margin: 15.7%, QoQ: 10.9%, YoY: 23.8%).
  • PAT: Rs 3,729.9 million (Margin: 12.2%, QoQ: 14.8%, YoY: 30.4%)

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent, said: “We recorded our 19th sequential quarter of revenue growth, with 4.3% QoQ and 19.9% YoY increase - highlighting the strength of our AI-led, platform-driven services strategy. We also declared an interim dividend of Rs 20 per share.

This quarter, we achieved several significant milestones, including winning the prestigious 2024 ISG Star of Excellence Overall Award based on the voice of the customer, demonstrating our ability to re(AI)magine their businesses. Reaffirming our commitment to developing innovative solutions based on our own IP, we filed 20 patents related to SASVA, our AI-powered software development platform. Additionally, our co-developed ContractAssIst solution, built leveraging Microsoft 365 Copilot, was shortlisted by Microsoft and acknowledged by its CEO, Satya Nadella, during his recent Microsoft AI Tour.

We were awarded AA (Stable) credit rating by ICRA, recognizing our strong financial profile, experienced leadership, robust capital structure, and well-established customer relationships. Finally, our inclusion in the Dow Jones Sustainability World Index highlights our commitment to embedding sustainability into our operations.

These achievements underscore our passion for driving innovation and delivering meaningful value to our clients and stakeholders, while fostering sustainable practices across our business.”

Result PDF

IT Consulting & Software company Persistent Systems announced Q2FY25 results

  • Revenue: Rs 28,971.5 million growth 5.8% QoQ, 20.1% YoY.
  • EBITDA: Rs 4,807.3 million growth 5.6% QoQ, 18.7% YoY, EBITDA margin 16.6%.
  • PBT: Rs 4,345.2 million growth 8.5% QoQ, 22.1% YoY, PBT margin 15.0%.
  • PAT: Rs 3,250.0 million growth 6.1% QoQ, 23.4% YoY, PAT margin 11.2%

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent said: “We are proud to announce the 18th sequential quarter of revenue growth, delivering USD 345.5 million revenue, an 18.4% increase year-over-year. In the same period, our PAT grew by 23.4% in rupee terms.

This quarter, we continued to strengthen our capabilities and advance our AI-led, platformdriven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity.

For the second year in a row, we were named a Challenger in the 2024 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. We believe this inclusion underscores our differentiated cloud expertise and ability to deliver boutique-style client experiences using AI and automation.

Deepening our ESG commitment, I am pleased to share that we achieved carbon neutrality ahead of our target. These accomplishments demonstrate our dedication to delivering exceptional value to our clients while positively impacting the environment and society.”

Result PDF

IT Consulting & Software company Persistent Systems announced Q1FY25 results:

Financial Highlights:

  • The company reported revenue of USD 328.2 million, with a margin percentage of 5.6%. This represents a QoQ increase of 5.6% and a YoY increase of 16.0%.

  • In terms of Indian Rupees, the revenue stood at Rs 27,371.7 million, with a margin percentage of 5.7%. This marks a QoQ increase of 5.7% and a YoY increase of 17.9%.

  • EBITDA were Rs 4,552.1 million, with a margin percentage of 16.6%. This reflects a QoQ increase of 0.2% and a YoY increase of 7.6%.

  • The Profit Before Tax (PBT) amounted to Rs 4,005.4 million, with a margin percentage of 14.6%. This indicates a QoQ increase of 1.3% and a YoY increase of 30.4%.

  • Profit After Tax (PAT) was Rs 3,064.2 million, with a margin percentage of 11.2%. This shows a QoQ decrease of 2.8% but a YoY increase of 33.9%.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: “I am pleased to announce our 17th consecutive quarter of revenue growth, underscoring our clients’ sustained trust and confidence in us. Our continued success is driven by resilience, innovation, and a strategic focus on future readiness.

We have pivoted to an AI-led, platform-driven services approach, deepening our hyperscaler partnerships and developing a suite of innovative solutions. Recognizing our transformative digital solutions, ISG, the leading advisory firm, ranks us as a Leader for Digital Engineering services in the US and Europe 2024, for the second year in a row.

Ms. Roshini Bakshi retired as an Independent Director from our Board after a decade. We thank her for her leadership and guidance. We are delighted to welcome Ms. Anjali Joshi as an Independent Director. Her vast expertise as a technology leader will enrich our Board and guide us on our growth journey.”

Result PDF

IT Consulting & Software company Persistent Systems announced consolidated Q4FY24 & FY24 results:

FY24 Financial Highlights:
- Revenue: Persistent Systems announced a revenue of USD 1,186.05 million for the financial year 2024, reflecting a YoY growth of 14.5%. In Indian currency, the revenue equated to Rs 98,215.87 million, representing a 17.6% increase from the previous year.
- EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) for FY24 amounted to Rs 17,243.02 million, showing a growth of 13.5% over the prior year.
- PBT: Profit before tax (PBT) stood at Rs 14,476.06 million for the financial year, up by 16.7% YoY.
- PAT: Net profit after tax (PAT) increased by 18.7% to Rs 10,934.92 million.

Q4FY24 Financial Highlights:
- Revenue: Quarterly revenue amounted to USD 310.89 million, up by 3.4% QoQ and 13.2% YoY. In Rs terms, this was a revenue of Rs 25,905.26 million, a QoQ growth of 3.7% and a 14.9% increase from the same quarter in the previous year.
- EBITDA: EBITDA for the quarter was Rs 4,543.62 million, experiencing a 2.8% increase from the last quarter and a 9.1% hike compared to the same period last year.
- PBT: Profit before tax for the quarter grew by 1.6% QoQ to Rs 3,954.93 million, marking a 16.1% increase over the same quarter of the previous year.
- PAT: Net profit after tax for the final quarter of FY24 surged by 10.2% QoQ and 25.4% YoY to Rs 3,153.22 million.

Dividend:
- The Board of Directors recommended a final dividend of Rs 10 per share on the face value of Rs 5 per share for the financial year 2023-24.

Commenting on the results,Anand Deshpande, Founder, Chairman, and Managing Director at Persistent said,"Our continued success this fiscal year is a testament to our innovative spirit, remarkable resilience, and strategic foresight, powering the digital transformation journeys of our clients. We approach every challenge as an opportunity and every achievement as a stepping-stone for future endeavors. Our determination to excel in everything we do has helped us set new benchmarks in the industry. We will continue to push the boundaries to scale new heights in the coming year."


Commenting on the results, Sandeep Kalra,Chief Executive Officer and Executive Director at Persistent said, "As we reflect on fiscal year 2024, I would like to extend my gratitude towards our incredible team, clients, partners, and investors, whose continued trust has powered our impressive journey. Our industry-leading growth, strong operational rigor, and commitment to building differentiated capabilities led to Persistent’s recognition as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. We were also included in three prestigious capital market indices – MSCI India Index, S&P BSE 100, and S&P BSE SENSEX Next 50. As we enter the new fiscal year, we are confident in our ability to drive sustainable growth with strategic investments in disruptive technologies like AI and are excited about the road ahead."


     

Result PDF

IT Consulting & Software company Persistent Systems announced Q3FY24 results:

  • Revenue in USD decreased by 3.0% QoQ to USD 300.55 million but increased by 13.7% YoY.
  • Revenue in INR increased by 3.6% QoQ and increased 15.2% YoY to Rs 24,982.16 million.
  • EBITDA margin was 17.7% and EBITDA increased 9.1% QoQ, with a YoY change of 10.0% to Rs 4,418.34 million.
  • PBT margin was 15.6% and PBT increased 9.4% QoQ, with a YoY change of 20.6% to Rs 3,893.01 million.
  • PAT margin was 11.5% and PAT increased 8.7% QoQ, with a YoY change of 20.2% to Rs 2,861.34 million.
  • The Board of Directors declared an Interim Dividend of Rs 32 per share on the face value of Rs 10 each for FY24.
  • In addition, the Board has recommended to the shareholders a resolution to split the face value of shares from Rs 10 per share to Rs 5 per share.

Sandeep Kalra, Chief Executive Officer, and Executive Director, Persistent, “We are proud to announce the 15th sequential quarter of growth and a significant milestone of our first-ever quarter of $300M in revenue and $500M in TCV bookings. We are thankful for the ongoing trust and support of our valued clients and partners, which has led to our sustained growth.

We are happy to declare an interim dividend of Rs 32 per share for FY24. Our Board has also recommended to the shareholders a resolution to split the face value of shares from Rs 10 per share to Rs 5 per share.

We were recognized as the “Most Promising Company” of the Year at the 2023 CNBC-TV18 India Business Leader Awards, acknowledging our sustained momentum. We were also included in three prestigious capital market indices ? MSCI India Index, S&P BSE 100, and S&P BSE SENSEX Next 50, reflecting our strong fundamentals, client confidence, and competitive edge in the global technology services market.

I am delighted to welcome Dhanashree Bhat as the Chief Operating Officer and Barath Narayanan as the Global BFSI and Europe Geo Head to support our ambitious growth plans. We remain fully committed to proactively delivering strategic business outcomes and maintaining operational rigor for our clients.”

 

 

Result PDF

IT Consulting and software company Persistent Systems announced Q2FY24 results:

Financial Results:
- The company reported a 3.1% QoQ growth in revenue and a 14.1% YoY growth.
- The revenue in INR was reported as Rs 24,116.70 million, with an EBITDA of Rs 4,051.62 million and a PAT of Rs 2,632.68 million.
- The company's EBITDA margin percentage stood at 16.8%.

Order Bookings:
- Persistent Systems exceeded USD 475 million in Total Contract Value (TCV) for order bookings in Q2FY24.
- The Annual Contract Value (ACV) for order bookings in Q2FY24 was reported at USD 315.9 million.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems, said, "We are pleased to announce yet another quarter of strong revenue growth, fueled by client trust in our Digital Engineering and Enterprise Modernization capabilities. Our proactive approach and ability to adapt have enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than USD 475M in bookings in Q2FY24.

Our recognition as a Challenger in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services is a result of our continued focus and investment in deepening our hyperscaler capabilities. We remain steadfast in our endeavor to excel and are confident in our ability to build on this success.

I am also extremely proud to share that we won the Golden Peacock Award for Excellence in Corporate Governance for 2023. This is an acknowledgment of our unwavering commitment to the highest standards of corporate governance".

 

 

Result PDF

IT Consulting & Software company Persistent Systems announced Q1FY24 results:

  • Revenue of USD 282.90 million in Q1FY24, up 3% QoQ and 17.1% YoY
  • Revenue of Rs 23,211.75 million in Q1FY24, up 3% QoQ and 23.6% YoY
  • EBITDA of Rs 4,229.44 million in Q1FY24, up 1.6% QoQ and 26.9% YoY
  • EBIT of Rs 3,466.16 million in Q1FY24, up 29% YoY
  • PAT of Rs 2,287.68 million in Q1FY24, down 9% QoQ and up 8.1% YoY
  • Dividend payment of Rs 12 per share and a special dividend of Rs 10 per share on achieving USD 1 Billion in annual revenue
  • The order booking for Q1FY24, was at USD 380.3 million in Total Contract Value (TCV) and USD 271.9 million in Annual Contract Value (ACV) terms.

Sandeep Kalra, Chief Executive Officer, and Executive Director, Persistent: “We commenced the year by celebrating a significant milestone of surpassing USD 1 billion in annual revenue with our clients, partners, and team members. As we enter our new fiscal year, I’m pleased to share that we have sustained our growth momentum despite the challenging macroeconomic conditions. Our Digital Engineering leadership, extensive experience across key industries, curated partner ecosystem, and ability to stay ahead of disruptive technology trends has led to our ongoing success.

We also want to extend our warm welcome to Dr. Ajit Ranade, a renowned academician, corporate executive, economist and thought leader, as an Independent Director to our Board. He will bring his impressive experience of 32 years to help guide our strategy and accelerate our growth journey.”

 

Result PDF

IT Consulting & Software company Persistent Systems announced FY23 & Q4FY23 results:

  • Consolidated FY23 vs FY22:
    • Revenue of USD 1,035.98 million, as compared to USD 765.59 million (up 35.3% YoY)
    • Revenue of Rs 83,505.92 million, as compared to Rs 57,107.46 million (up 46.2% YoY)
    • EBITDA of Rs 15,191.25 million, as compared to Rs 9,581.71 million (up 58.5% YoY)
    • PBT of Rs 12,408.52 million, as compared to Rs 9,242.79 million (up 34.3% YoY)
    • PAT of Rs 9,210.93 million, as compared to Rs 6,903.86 million (up 33.4% YoY) 
  • Consolidated Q4FY23 vs Q4FY22:
    • Revenue of USD 274.55 million, as compared to USD 217.32 million (up 26.3% YoY)
    • Revenue of Rs 22,544.72 million, as compared to Rs 16,378.54 million (up 37.6% YoY)
    • EBITDA of Rs 4,163.14 million, as compared to Rs 2,811.74 million (up 48.1% YoY)
    • PBT of Rs 3,405.85 million, as compared to Rs 2,671.83 million (up 27.5% YoY)
    • PAT of Rs 2,515.13 million, as compared to Rs 2,009.90 million (up 25.1% YoY) 
  • The board of directors recommended a final dividend of Rs 12 per share and a special dividend of Rs 10 per share on achieving USD 1 billion in annual revenue, on the face value of Rs 10 each. In January 2023, the board declared an interim dividend of Rs 28 per share, making the total dividend Rs 50 per share. The final dividend recommended by the board is subject to the approval of the members during the ensuing annual general meeting.

Anand Deshpande, Founder, Chairman and Managing Director, Persistent: “Our team’s passion for innovation, relentless dedication to client success, and agility in changing economic environments have enabled us to achieve this significant moment in Persistent’s history. I’m incredibly thankful to our committed team, diverse client base, and the entire ecosystem that built Persistent from a small, Pune-based product engineering services provider to a multinational Enterprise Modernization and Digital Engineering powerhouse.”

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: “Fiscal year 2023 was momentous for Persistent as we achieved several key milestones including attaining USD 1 billion in annual revenue and inclusion in three key indices of the National Stock Exchange of India including the Nifty IT index, among others. We have been nimble, proactive, and disciplined, allowing us to build a healthy booking pipeline and maintain a competitive advantage. We’re truly grateful to our clients, partners, investors, and team members for their unwavering trust. As we move to the next phase of growth, we will continue to strengthen our partner ecosystem, maintain operational rigor, and deepen our capabilities to scale our Digital Engineering expertise and drive business value for our clients.”

 

 

Result PDF

Trending News

ACE and Sanghvi Movers have signed a strategic MoU

ACE and Sanghvi Movers have signed a strategic MoU

Published on 12-Dec-2025 09:05

Chalet Hotels has announced its plans to acquire a resort in Udaipur

 Chalet Hotels has announced its plans to acquire a resort in Udaipur

Published on 12-Dec-2025 09:04

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Published on 12-Dec-2025 09:00

Cipla launches Yurpeak (tirzepatide) therapy.

Cipla has announced the launch of Yurpeak (tirzepatide), a one-weekly injectable therapy for managing obesity and type 2 diabetes. 

Published on 11-Dec-2025 09:06

US Fed cuts interest rate range

US Federal Reserve cut interest rate to a range between 3.5% and 3.75%, the lowest level in almost 3-years at its 3rd consecutive meeting but signaled borrowing costs are unlikely to drop further in the near term. 

Published on 11-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status