Persistent Systems Q4 Results: PAT jumps 20.5% vs Q3, beats expectations—Key takeaways

Pune-based IT services and consulting firm Persistent Systems on Tuesday reported a net profit of Rs 529 crore for the quarter ended March 31, a 20.5 per cent rise over the previous three months that was better than analysts' expectations. For the October-December period, its net profit had stood at Rs 439 crore.

Persistent's March-quarter revenue grew 7.4 per cent sequentially to Rs 4,056 crore, according to a regulatory filing.

According to Zee Business research, Persistent was estimated to report a net profit of Rs 524 crore with a top line of Rs 4,023 crore for the March quarter.

Dollar revenue

In dollars, Persistent's March-quarter revenue stood at $436.0 million -- a 3.2 per cent quarter-on-quarter rise, in line with expectations.

Analysts had pegged the quarterly revenue at $437 million.

Persistent Systems Q4 Results: Operational performance

The technology firm's fourth-quarter earnings before interest and taxes (EBIT) grew 21.4 per cent sequentially to Rs 659.2 crore.

Its EBIT margin stood at 16.3 per cent for the March quarter. For the previous three months, it had reported a 16.7 per cent margin excluding the one-time impact of new labour codes.

The company closed FY26 with revenue growth of 17.4 per cent and an EBIT margin of 15.6 per cent.

Management commentary

"Q4 FY26 marked our 24th sequential quarter of growth, reflecting the consistency of our execution and alignment to client demand in a market being shaped by AI. As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business," said Sandeep Kalra, CEO and ED, Persistent Systems.

"Our growth momentum continues to be recognized in the market, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026," added Kalra.

“Our approach has consistently been to build capabilities ahead of demand. Over the past 36 years, we have invested in strengthening our engineering depth and data foundations, which are now finding greater application as AI adoption scales across enterprises. These investments are leading to deeper client relationships and a more meaningful role in how our clients are reshaping their businesses in the context of AI," said Anand Deshpande, Founder, Chairman and MD, Persistent Systems.

"We will continue to build and adapt our capabilities as the market evolves, with the same long-term discipline," he said.

Deal wins

The Pune-based company said the total contract value (TCV) of its deal wins during the quarter stood at $600.8 million.

For the December quarter, the TCV had come in at $674.5 million.

Persistent Systems dividend per share

The company declared a final dividend of Rs 18 per equity share -- a 360 per cent payout given the face value of Rs 5 per equity share.

With the latest dividend announcement, the firm took its total payouts in FY26 to Rs 40 per share versus Rs 35 per share the previous year.

Persistent shares

Earlier on Tuesday, Persistent shares rose 0.9 per cent to end at Rs 5,369 apiece on BSE.

At this level, the largecap stock has lost 14.5 per cent of its value in 2026 so far. The Nifty50 and Nifty IT indices fell 6 per cent and 16.2 per cent during this period, respectively.