More Stories

Informist, Monday, Aug. 3, 2026

 

Please click here to read all liners published on this story

--Persistent Systems Apr-Jun consol net profit INR 4.83 bln
--Analysts saw Persistent Systems Apr-Jun consol net profit at INR 5.49 bln
--Persistent Systems Apr-Jun consol revenue INR 43.03 bln
--Analysts saw Persistent Systems Apr-Jun consol revenue at INR 42.46 bln
--Persistent Systems Q1 consol PAT INR 4.83 bln vs INR 5.29 bln qtr ago
--Persistent Systems Q1 consol sales INR 43.03 bln vs INR 40.56 bln qtr ago
--Persistent Systems Apr-Jun consol revenue $452.4 mln, up 3.8% on qtr
--Persistent Systems Q1 consol sales up 4.1% on qtr in constant currency
--Persistent Systems Apr-Jun consol EBIT INR 6.87 bln, up 4.2% on qtr
--Persistent Systems Apr-Jun deals total contract value $1.15 bln
--Persistent Systems Apr-Jun annual contract value $536.8 mln
--Persistent Systems Apr-Jun BFSI sales INR 14.63 bln vs INR 13.96 bln QoQ
--Persistent Systems Q1 health, life sales INR 10.91 bln vs INR 10.66 bln QoQ
--Persistent Systems Q1 software sales INR 17.49 bln vs INR 15.93 bln QoQ
--Persistent Systems: Revenue from top 5 clients 33.2% of sales in Apr-Jun
--Persistent Systems Apr-Jun 4 large clients, unch qtr ago
--Persistent Systems Apr-Jun North America ops revenue 79.1% vs 81.4% qtr ago
--Persistent Systems Apr-Jun Europe ops revenue 8.5% vs 8.1% qtr ago
--Persistent Systems Apr-Jun India ops revenue 9.8% vs 8.3% qtr ago
--Persistent Systems Apr-Jun trailing 12-mo attrition 12.3% vs 13.0% qtr ago
--Persistent Systems Apr-Jun utilisation 86.5% vs 88.0% qtr ago
--Persistent Systems Apr-Jun total headcount 28,640 vs 27,502 qtr ago
 

 

By Simran Rede

 

MUMBAI – A faster rise in total expenses weighed on Persistent Systems' bottom line in the June quarter. The increase in expenses during the quarter was primarily driven by higher employee costs and other expenses.

 

The technology services company reported a consolidated net profit of INR 4.83 billion for the June quarter, a near 9?ll from INR 5.29 billion a quarter ago. The company attributed the sequential fall in net profit to foreign exchange losses. The net profit was sharply lower than the INR 5.49 billion estimated by the Street. On a year-on-year basis, the metric rose around 14%.

 

The company's consolidated revenue for the quarter rose over 6% sequentially and 29% on year to INR 43.03 billion, slightly higher than the INR 42.46 billion estimated by the Street. This marked the 28th consecutive quarter of sequential growth and the 27th straight quarter of on-year growth in the company's top line.

 

In dollar terms, the company reported revenue of $452.40 million, up almost 4% on quarter and more than 16% higher on year. Analysts had estimated the company to report revenue of $449.10 million for the June quarter. In constant currency terms, the company's revenue for the reporting quarter grew 4.1% on a sequential basis, higher than the 3.4% sequential growth it reported in the trailing quarter and 3.3% sequential growth in the corresponding quarter a year ago. Analysts had estimated the company to report a 2.8–3.5% sequential rise in its revenue in constant currency terms for the quarter. 

 

Revenue from the company's largest segment, software, hi-tech and emerging industries, grew roughly 10% sequentially to INR 17.49 billion in the reporting quarter. Revenue from the segment contributed almost 41% of the company's total sales during the quarter. In dollar terms, sales from the segment grew nearly 16% on year to $184 million. 

 

Revenue from the company's banking, financial services and insurance vertical, which accounted for 34% of the company's total sales, rose around 5% sequentially to INR 14.63 billion. In dollar terms, revenue from the segment rose over 16% on year to $153.70 million. Meanwhile, revenue from the healthcare and life sciences segment increased just over 2% on quarter to INR 10.91 billion. In dollar terms, revenue from the healthcare and life sciences segment was $114.70 million, up over 16% on year.

 

The company's total expenditure for the June quarter rose around 10% sequentially to INR 37.51 billion, more than the over 6% increase in its net sales. The rise in the company's total expenses was largely on the back of a near 3% sequential jump in its employee benefit expenses to INR 21.99 billion. Employee benefit costs accounted for almost 59% of total expenditure in the reporting quarter.

 

The company's other expenses, which were the second-biggest cost during the quarter, rose almost 40% on quarter to INR 7.40 billion. Its subcontracting costs for the quarter grew more than 7% sequentially to INR 6.67 billion. Its depreciation and amortisation expenses for the quarter rose over 6% on a quarter-on-quarter basis to INR 1.15 billion, while its finance costs rose 56% on quarter to INR 291.43 million. Tax expenses for the quarter fell over 3% on quarter to INR 1.40 billion.  

 

The company's earnings before interest, tax, depreciation, and amortisation for the reporting quarter grew 4.5% sequentially to INR 8.02 billion and its EBIT grew 4.2% on quarter to INR 6.87 billion. The EBIT margin for the quarter contracted 30 basis points from the trailing quarter to 16%. 

  

Persistent Systems' order booking in total contract value was $1.15 billion in the June quarter, more than double from the $600.8 million in total contract value recorded in the trailing quarter. The company reported an annual contract value of $536.80 million for the reporting quarter, higher than the $445.1 million reported in the preceding quarter. 

 

The company's large client count, with an engagement size of more than $5 million, decreased to 60 from 62 in the previous quarter but rose from 56 in the corresponding quarter a year ago. Its total employee headcount was 28,640 as of Jun. 30, compared with 27,502 at the end of the March quarter. Its employee utilisation rate, including trainees, declined to 86.5% in the reporting quarter from 88.0% in the previous quarter. The company also saw a decline in its trailing twelve-month employee attrition rate to 12.3% from 13.0% in the previous quarter. 

 

The geographical revenue mix remained slightly similar to that seen in the March quarter. The company earned 79.1% of its revenue from North America, slightly lower than 81.4?rned in the previous quarter. Meanwhile, revenue from India contributed 9.8% of total revenue, marginally higher than the 8.3% contribution seen in the March quarter.     

 

Ahead of the earnings announcement, shares of Persistent Systems closed 0.6% higher at INR 5,549 on the National Stock Exchange on Friday.  End

 

US$1 = INR 95.38

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.