Persistent Systems Limited has informed the Exchange regarding Board meeting held on July 23, 2025.
PERSISTENT · price
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On the reaction day the stock moved 7.2 pts less than Nifty Midcap 150 and 6.7 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Persistent Systems' Board approved audited financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations rose modestly to INR 33,335.87 million from INR 32,421.12 million year-on-year (~2.8% growth). Consolidated profit after tax grew to INR 4,249.36 million from INR 3,957.60 million (~7.4%), with basic EPS of INR 27.43. On a standalone basis, PAT jumped to INR 3,739.86 million from INR 2,875.40 million (~30% growth). BFSI was the strongest segment with INR 11,301.44 million in revenue. The auditors (B S R & Co. LLP) gave an unmodified opinion. The Board also approved issuance of 1,350,000 equity shares of INR 5 each to the PSPL ESOP Management Trust. Additionally, Chief People Officer Yogesh Patgaonkar will retire effective July 31, 2025, with Rajiv Naithani taking over from August 1, 2025.
Modest consolidated revenue growth and healthy profitability continue, with strong standalone PAT growth. The ESOP issuance is mildly dilutive but supports employee retention. Key management change at the CPO level is notable but not material to operations.