Persistent Systems Limited has informed the Exchange about Transcript
PERSISTENT · price
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Persistent Systems reported Q1 FY26 revenue of USD 389.7 million, up 3.9% quarter-on-quarter and 18.8% year-on-year, marking its 21st consecutive quarter of growth. EBIT margin came in at 15.5%, a 150 basis point improvement YoY, while profit after tax grew 38.7% YoY to Rs. 4,249.4 million, with EPS at Rs. 27.4 per share. Total Contract Value (TCV) for the quarter stood at USD 520.8 million, with new bookings at USD 337 million. Management reiterated the goal of reaching USD 2 billion in revenue by end of FY27 and guided to a 200-300 basis point margin improvement by FY27. Wage hikes were postponed by one quarter due to macro uncertainty, and the company highlighted its AI-led strategy with the SASVA 3.0 platform.
The results show steady growth and margin expansion despite macro headwinds, with strong order bookings supporting forward growth. The reaffirmed FY27 targets and margin guidance are positive signals for investors, though delayed wage hikes and cautious client decision-making may limit near-term upside.