Persistent Systems Ltd

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 6000, up 2.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 23097.15. The Sensex is at 74708.52, up 0.75%. Persistent Systems Ltd has gained around 11.79% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 15.06% in last one month and is currently quoting at 31866.4, up 2.2% on the day. The volume in the stock stood at 6.97 lakh shares today, compared to the daily average of 7.77 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 5996.5, up 2.12% on the day. Persistent Systems Ltd is up 1.41% in last one year as compared to a 10.21% slide in NIFTY and a 8.81% slide in the Nifty IT index.The PE of the stock is 55.4 based on TTM earnings ending September 26.

Persistent Systems Ltd announced that ICRA Limited has assigned a rating of [ICRA]A1+ to its Commercial Paper of Rs 1,000.00, while also assigning a Rating Watch with Negative Implications to its Non-Convertible Debentures of Rs 2,000.00 and Rs 5,000.00, both carrying a rating of [ICRA]AA+, and continuing to maintain the same rating watch status for its existing Non-Convertible Debentures of Rs 5,000.00 and Rs 2,000.00; ICRA has also affirmed its Issuer Rating of AA+ and continues to place it on Rating Watch with Negative Implications, noting that SEBI’s grievance redressal/dispute resolution and investor protection mechanisms will not be available for these instruments; additionally, ICRA assigned a rating of AA+ to Debentures of Rs 2,000.00, and [ICRA]A to Non-Convertible Debentures of Rs 5,000.00, and assigned [ICRA] A1+ to Commercial Paper of Rs 1,000.00, with a Programme carrying N/A ratings, all while reiterating that the ratings are specific to the terms and conditions of the instruments and are valid throughout the life of the programme.

Persistent Systems Ltd announced that Crisil Ratings Limited has assigned a credit rating of ‘Crisil AA+; Rating Watch with Developing Implications’ to the proposed Non-Convertible Debentures of the Company, as detailed in a rating letter dated October 21, 2026; this announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and no other rating agencies were mentioned in relation to this assignment, nor were any enhancements, assignments, or withdrawals related to other instruments indicated.

Persistent Systems Limited announced that its Special Committee of the Board of Directors approved the opening of a Qualified Institutional Placement (QIP) on October 21, 2026, with a floor price of Rs 5,550 per Equity Share. The QIP aims to raise up to USD 450 million, equivalent to Rs 42,646.10 million, and will be managed by J. P. Morgan India Private Limited, IIFL Capital Services Limited, and HSBC Securities and Capital Market (India) Private Limited, with a potential discount of up to 5% on the floor price.

Persistent Systems Limited confirmed a floor price of Rs 5,761.00 per Equity Share for an upcoming issue, as approved by the Special Committee of the Board of Directors and based on the pricing formula prescribed under the SEBI ICDR Regulations, in a filing with the National Stock Exchange of India Limited and BSE Limited on October 21, 2026.

Persistent Systems Limited announced that its Special Committee of the Board of Directors approved the opening of a Qualified Institutional Placement (QIP) on October 21, 2026, with a floor price of Rs 5,550 per equity share. The QIP aims to raise up to USD 450 million, equivalent to Rs 42,646.10 million, and will be managed by J. P. Morgan India Private Limited, IIFL Capital Services Limited, and HSBC Securities and Capital Market (India) Private Limited, with a potential discount of up to 5% on the floor price.

Persistent Systems Ltd share price declined by 0.91% to Rs 5837.9 after the company's net profit plunged by 27.23% to Rs 351.51 crore, while revenue from operations improved marginally 8.38% to Rs 4663.9 crore in Q3FY26 over Q2FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 24.55 lakh crore, easing 4.79%. It has inched up 8.13% over last one week and moved up slightly by 4.56% in last one month while the market capitalization of Persistent Systems Ltd has marginally improved by 1.89% and 12.59% in the same period respectively. Profit before tax (PBT) of Persistent Systems Ltd stood at Rs 453.68 crore in Q3 FY26, nosediving by 26.45% year-on-year, and tanking 27.19% quarter-on-quarter. EBITDA came in at Rs 609 crore, declining 3.53% YoY and slipping 2.75% sequentially. Total expenses increased by 12.78% to Rs 4197.1 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 2381.81 crore, expanding by 8.32% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 23.53% to Rs 14748.45 crore, while net profit soared by 33.21% to Rs 1865.12 crore, compared to previous TTM. EBITDA surged by 201508% to Rs 2615.01 crore, and PBT witnessed a strong rise of 32.32% to Rs 2411.21 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1767.13 crore in FY26, as against Rs 1156.92 crore in FY25. Persistent Systems Ltd ticked higher by 2.01% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 10.04% during the same period.

Persistent Systems Ltd share price softened by 1.81% to Rs 5891.35 after the company's net profit plunged by 27.23% to Rs 351.51 crore, while revenue from operations slightly gained 8.38% to Rs 4663.9 crore in Q3FY26 over Q2FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 24.55 lakh crore, easing 4.88%. It has improved by 9.57% over last one week and crept higher by 2.59% in last one month while the market capitalization of Persistent Systems Ltd has marginally improved by 7.90% and 13.62% in the same period respectively. Profit before tax (PBT) of Persistent Systems Ltd stood at Rs 453.68 crore in Q3 FY26, crashing by 26.45% year-on-year, and tanking 27.19% quarter-on-quarter. EBITDA came in at Rs 609 crore, slipping 3.53% YoY and declining 2.75% sequentially. Total expenses increased by 12.78% to Rs 4197.1 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 2381.81 crore, expanding by 8.32% YoY. For the TTM ended FY26, revenue from operations surged 23.53% to Rs 14748.45 crore, while net profit saw a strong growth of 33.21% to Rs 1865.12 crore, compared to previous TTM. EBITDA jumped by 201508% to Rs 2615.01 crore, and PBT soared 32.32% to Rs 2411.21 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1767.13 crore in FY26, as against Rs 1156.92 crore in FY25. Persistent Systems Ltd surged by 10.65% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 11.27% during the same period.

Persistent Systems Limited informed the National Stock Exchange of India Limited and BSE Limited that MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, confirmed it did not receive any securities for dematerialization during the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5980, up 3.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.78% on the day, quoting at 22538.75. The Sensex is at 72511.47, up 0.82%. Persistent Systems Ltd has gained around 9.17% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 0.26% in last one month and is currently quoting at 28349.6, up 4.52% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 4.36 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5968.5, up 3.65% on the day. Persistent Systems Ltd is up 12.03% in last one year as compared to a 10.37% slide in NIFTY and a 15.86% slide in the Nifty IT index.The PE of the stock is 52.58 based on TTM earnings ending June 26.