Persistent Systems shares jump 7% as IT firm's profit grows 11%; check all Q2 numbers

The firm clocked a profit of ₹471.47 crore in the September quarter of FY26, compared to ₹424.90 crore in the previous quarter, it said in a regulatory filing.

The technology company’s revenue from operations soared 7.4% QoQ to ₹3,580.72 crore during the quarter under review, as against 3,333.59 crore in the first quarter of FY26.

At an operational level, Persistent Systems’ EBIT (earnings before interest and tax), also known as operating profit, stood at ₹583 crore in Q2 of FY26, marking a 12.6% QoQ jump from ₹517.8 crore in the June quarter of FY26.

Its EBIT margin expanded to 16.3% during the quarter, from 15.5% in Q1FY26.

Its dollar revenue grew 17.6% to $406.2 million in the reporting quarter, while sequentially it advanced 4.2%.

The company’s order booking for the quarter ended September 30, 2025, stood at $609.2 million in total contract value (TCV) and $447.9 million in annual contract value (ACV), it stated.

Further, the company approved the allotment of 1,350,000 equity shares of ₹5 each to the ESOP Trust at ₹5 per share, amounting to a total of ₹6,750,000.

Commenting on the earnings, Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent, said: “We are pleased to report our 22nd sequential quarter of revenue growth, up 4.2% Q-o-Q and 17.6% Y-o-Y, with operating margin improving to 16.3%. Driven by the continued trust of our clients, this performance reflects our commitment to impactful transformation and execution excellence.”

He added that the company’s AI strategy builds on a strong platform-led foundation and is powered by deep domain knowledge, differentiated IPs, accelerators and strategic partnerships, adding, “This integrated approach brings together enterprise readiness for AI transformation, engineering hyper-productivity and business hyper-productivity, enabling clients to scale innovation, modernise their core and achieve measurable impact faster.”

“Our sustained momentum was recognised by Everest Group with the ‘Growth Honour of the Year’, and our talent excellence was reaffirmed by our placement as a Leader in the Talent Readiness for Next-Generation Cloud Services PEAK Matrix Assessment 2025, underscoring the strength of our capabilities and commitment to long-term stakeholder value,” Kalra stated.

At 11:20 PM, Persistent Systems shares were trading at ₹5,651 apiece on the National Stock Exchange, surging 5.87%.

In the last five trading sessions, the stock rose 7%, while for six months’ time, it has soared more than 20%. However, from the beginning of the year, Persistent shares have lost over 12.2%.

The company’s market capitalisation stands at ₹88,381.64 crore.

Shares of the firm had touched their one-year high of ₹6,788.90 apiece on December 20, 2024, while their 52-week low of ₹4,148.95 was hit on April 7, 2025.