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Persistent Systems

Q2 FY26

Persistent Systems Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹5,741

Market cap₹90.6K Cr

P/E45.5

Updated16 Oct 2026

Read4 min read

The short version

Persistent Systems aims to reach $2 billion in revenue by the end of FY27, indicating strong growth ambitions. Persistent Systems is confident about future growth, aiming to reach $2 billion in revenue by FY27.

From Persistent Systems's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Persistent Systems aims to reach $2 billion in revenue by the end of FY27, indicating strong growth ambitions.
The company reported 17.6% YoY revenue growth for Q2 FY26, with $406.2 million in quarterly revenue, and a 22nd consecutive quarter of growth.
Pipeline of deals is described as good and broad-based across industry verticals including BFSI, healthcare, and hi-tech sectors.
BFSI and Europe segments have shown consistent high single-digit growth for six quarters, driven by broad-based wins and ramp-ups.
Healthcare vertical is expected to return to growth after a dip, supported by a solid pipeline, though affected by recent policy impacts.

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Profitability & Margins

Persistent Systems is confident about future growth, aiming to reach $2 billion in revenue by FY27.
Annual Contract Value (ACV) and Total Contract Value (TCV) are robust, with $447.9 million ACV and $609.2 million TCV, indicating strong future revenue visibility.
Management highlighted broad-based order wins and a healthy pipeline across industry verticals, supporting sustained growth.
EBIT margins improved by 230 basis points YoY to 16.3%, reflecting operating leverage and efficiency gains.
Wage increments expected to impact margins by 180 basis points next quarter, but offset by other margin levers like offshoring and utilization optimization.

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Capital Expenditure Plans

The transcript does not explicitly mention specific current or future capital expenditure (capex) or strategic investments planned by Persistent Systems Limited.
There is a mention of increased depreciation and amortization expenses due to higher Capex on facilities and IT, indicating recent investments in infrastructure.
The company inaugurated a state-of-the-art experience transformation studio in Pune focused on AI-powered transformation, reflecting a strategic investment in innovation and AI capabilities.

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Fundraising & Capital Structure

The transcript does not mention any current or planned fundraising through debt or equity.
No discussions or indications about issuing new equity or taking on additional debt were provided.
The company reported strong financials with significant cash and investments totaling Rs. 24,957 million as of September 30, 2025.

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Order Book & Pipeline

Total Contract Value (TCV) for Q2 FY26 stood at $609.2 million.
New bookings within TCV amounted to $350.8 million.
Annual Contract Value (ACV) totaled $447.9 million, including $254.4 million from new bookings.
The pipeline is described as good and broad-based across various industry verticals.
The company is focused on executing these orders effectively.
There is a healthy and broad-based order pipeline reflecting in consistent deal wins.

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Persistent Systems — Quarterly revenue & net profit

Revenue Net profit

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.3K Cr, net profit ₹483 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Persistent Systems Ltd's management said in earlier quarters

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Year-on-Year (YoY) revenue growth for H1-FY26 is 58.0% compared to H1-FY25 revenue of INR 288 million. Key investor presentation takeaways from Systango Technol
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Frequently Asked Questions

What were Persistent Systems Q2 FY26 results?

Persistent Systems aims to reach $2 billion in revenue by the end of FY27, indicating strong growth ambitions. Persistent Systems is confident about future growth, aiming to reach $2 billion in revenue by FY27.

What is Persistent Systems share price analysis?

Persistent Systems currently shows a neutral. The stock trades at a P/E of 45.5 with a market cap of ₹90,564 Cr. Investors should review the full earnings analysis for detailed insights.

Is Persistent Systems planning capital expenditure?

The transcript does not explicitly mention specific current or future capital expenditure (capex) or strategic investments planned by Persistent Systems Limited.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.