Persistent Systems announced its July‑to‑September quarter earnings for the financial year 2026‑27, reporting a 27.2 % decline in net profit after tax (PAT) to ₹352 crore, down from ₹483 crore in the preceding quarter. The mid‑cap IT firm’s consolidated net profit fell 25.4 % year‑on‑year to ₹352 crore, compared with ₹471 crore in the same quarter of the previous fiscal year. The company filed these figures with the NSE on Thursday, October 15, 2026.

Revenue from core operations rose 8.3 % to ₹4,664 crore in Q2 FY27, up from ₹4,303 crore in Q2 FY26. However, overall expenses increased 13 % to ₹4,235 crore, compared with ₹3,751 crore in the first quarter of FY27, eroding profitability. EBITDA fell 9 % sequentially to ₹633 crore from ₹697 crore, and the EBITDA margin contracted to 13.5 % from 16.1 % in the prior quarter.

Persistent’s shares closed 0.98 % lower at ₹5,840 on Thursday, October 15, 2026, down from ₹5,898 at the previous market close. The stock is expected to remain in focus of investors on Friday, October 16, as the firm posted its quarterly earnings after market hours. Over the last five years, the shares have delivered more than 454 % returns, and over 305 % gains in the last three years, while the year‑to‑date performance shows a 7 % decline.

The company’s order booking for the quarter ended September 30, 2026, was $633.5 million in Total Contract Value (TCV) and $481.0 million in Annual Contract Value (ACV). A key focus for investors remains the deal with Salesforce, alongside other AI capability expansions. CEO Sandeep Kalra highlighted the firm’s 3C framework and AI‑driven platforms, emphasizing the development of Enterprise Context within clients’ environments that evolves with successive engagements and continues to grow in value as models, platforms and agents change.

Persistent’s market capitalisation stood at ₹92,126 crore as of the trading session on Thursday, October 15, 2026. On a year‑to‑date basis, the shares have lost 7 %, yet they have risen 6.6 % in the last one‑month period and 6.8 % in the last one‑week period. The company’s long‑term performance has attracted investors, with a 454 % return over five years and a 305 % gain over three years, reflecting sustained growth despite recent margin pressure.

Sandeep Kalra, CEO and Executive Director, reiterated the company’s commitment to strengthening AI capabilities through its 3C framework and AI‑driven platforms. He noted that the focus is on developing Enterprise Context within clients’ environments that evolves with successive engagements and continues to grow in value as models, platforms and agents change. This strategy aims to enhance Persistent’s service offerings and maintain competitive advantage amid rising costs and margin compression observed in the latest quarter.