Persistent Systems Ltd

Persistent Systems Limited said shareholders approved the proposed acquisition of Nagarro SE through its subsidiary, Galaxy Germany Holding SE, along with related financing arrangements and a corporate guarantee, at the company’s Annual General Meeting. A formal Offer Document will be published following approval by the German Federal Financial Supervisory Authority (“Bafin”), launching the acceptance period for Nagarro shareholders.

Persistent Systems Ltd share price ticked higher by 0.69% to Rs 5549.95 after the company's net profit eased 8.73% to Rs 483.04 crore, while revenue from operations slightly gained 6.10% to Rs 4303.23 crore in Q2FY26 over Q1FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 25.29 lakh crore, rising 4.53%. It has inched up 3.80% over last one week and crept higher by 2.19% in last one month while the market capitalization of Persistent Systems Ltd has marginally improved by 5.40% and 15.24% in the same period respectively. Profit before tax (PBT) of Persistent Systems Ltd stood at Rs 623.1 crore in Q2 FY26, advancing by 12.19% year-on-year, and slipping 7.55% quarter-on-quarter. EBITDA came in at Rs 626 crore, heading higher 12.45% YoY and dropping 14.70% sequentially. Total expenses posted a minor rise of 9.56% to Rs 3721.62 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 2198.81 crore, easing 2.92% YoY. For the TTM ended FY26, revenue from operations jumped by 23.53% to Rs 14748.45 crore, while net profit soared by 33.21% to Rs 1865.12 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 201508% to Rs 2615.01 crore, and PBT surged 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 headed higher 7.55% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 3.81% during the same period.

Persistent Systems reported revenue of $452.4 million, a 16.1% year-over-year increase, for the quarter ended June 30, 2026, alongside a 32.7% year-over-year growth in EBIT, the company announced. The company, listed on the Bombay Stock Exchange (BSE: 533179) and National Stock Exchange (NSE: PERSISTENT), also secured a total contract value of $1.15 billion, including a 6.5-year strategic services agreement worth more than $650 million with a global technology company, and entered into a Business Combination Agreement with Nagarro, a European digital engineering company.

Persistent Systems will hold a meeting of the Board of Directors of the Company on 2 August 2026.

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5158.7, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Persistent Systems Ltd has gained around 5.48% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 5.39 lakh shares today, compared to the daily average of 11.42 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5158.9, up 1.85% on the day. Persistent Systems Ltd is down 7.96% in last one year as compared to a 3.45% slide in NIFTY and a 21.59% slide in the Nifty IT index.The PE of the stock is 46.9 based on TTM earnings ending March 26.Powered by Capital Market - Live

Persistent Systems announced that the 36th Annual General Meeting(AGM) of the company will be held on 3 August 2026.

Persistent Systems has fixed 27 July 2026 as record date for payment of final dividend of Rs 18 per equity share of Rs 5 each for FY 2026.

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 4694.2, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 24444.3. The Sensex is at 78329.41, up 0.73%. Persistent Systems Ltd has dropped around 7.32% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 5.02% in last one month and is currently quoting at 27439.4, down 0.82% on the day. The volume in the stock stood at 4.6 lakh shares today, compared to the daily average of 10.36 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4681.2, down 0.03% on the day. Persistent Systems Ltd is down 19.63% in last one year as compared to a 3.99% drop in NIFTY and a 29.98% drop in the Nifty IT index.The PE of the stock is 43.42 based on TTM earnings ending March 26.Powered by Capital Market - Live

Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 4560, up 5.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24129.55. The Sensex is at 77320.29, up 0.52%. Persistent Systems Ltd has dropped around 10.54% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 8.36% in last one month and is currently quoting at 25769.8, up 4.49% on the day. The volume in the stock stood at 13.82 lakh shares today, compared to the daily average of 8.92 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4546, up 5.46% on the day. Persistent Systems Ltd is down 23.37% in last one year as compared to a 5.02% fall in NIFTY and a 30.7% fall in the Nifty IT index.The PE of the stock is 40.15 based on TTM earnings ending March 26.

The proposed acquisition is expected to significantly expand Persistent's global footprint and AI-led digital engineering capabilities. However, investors remained cautious over the execution of the large cross-border transaction. Persistent has signed an agreement to combine with Munich-headquartered Nagarro and has acquired an approximately 21% stake in the company. It has also launched a voluntary public takeover offer for the remaining shares, subject to regulatory approvals and shareholder acceptance. According to the investor FAQ released by the company, the combined entity would become the world's second-largest digital engineering company by revenue and India's seventh-largest technology services company, with an annualised revenue run rate of more than $2.9 billion. The combined group would employ more than 46,000 people and serve over 350 marquee clients globally. Persistent said the transaction is expected to be earnings per share (EPS) accretive. On an illustrative pro-forma trailing 12-month basis, the combined business would generate revenue of $2.795 billion, EBITDA of $463 million, EBIT of $337 million and profit after tax of $215 million. Pro-forma EPS is estimated at $1.36 (Rs 127), compared with $1.30 (Rs 121) for Persistent on a standalone basis. The company stressed that these figures are illustrative and not management guidance. The company said Nagarro is a highly complementary business that strengthens Persistent's presence in Europe while adding complementary industry verticals, AI expertise, and ERP and customer experience capabilities. It said the combination would create a global AI-led digital engineering company and achieve a scale that would have taken years to build organically. Persistent said the all-cash offer values Nagarro at EUR 81 per share, representing a premium of about 140% to Nagarro's undisturbed closing price on 25 June 2026 and about 94% to its three-month volume-weighted average price. Nagarro's management board and supervisory board have backed the transaction and intend to recommend that shareholders accept the offer. Persistent has already secured an approximately 21% stake through a binding agreement with Nagarro's largest shareholder. The acquisition is expected to close by Q4 CY26 or Q1 CY27, subject to German and Indian regulatory approvals and the acceptance of the offer by shareholders holding at least 50% plus one share of all outstanding Nagarro shares. Until then, Persistent and Nagarro will continue to operate as independent companies. Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization to businesses across industries. Persistent Systems reported a 20.43% sequential increase in consolidated net profit to Rs 529.26 crore in Q4 FY26, compared with Rs 439.45 crore in Q3 FY26. Revenue from operations increased 7.35% quarter-on-quarter to Rs 4,055.94 crore for the quarter ended 31 March 2026. On a year-on-year basis, the company's net profit rose 33.73%, while revenue grew 25.10% in Q4 FY26. Powered by Capital Market - Live