Persistent Systems recorded a ₹483 cr net profit in FY27 Q1, down 8.7% from ₹529 cr in the previous quarter, while revenue rose 6% QoQ to ₹4,303 cr—an uptick that kept the IT services firm ahead of the sector average.
EBIT stood at ₹686.9 cr, up 4.2% QoQ, with the margin stabilising at 16% versus 16.2% in March. The company’s operating income remained resilient despite the profit squeeze.
On the corporate front, Persistent completed an additional 10.79% purchase of Nagarro SE shares, boosting its stake to 94.04% after the extended offer period closed on Oct 6, 2026. This move follows an earlier 61.15% stake and a 22.10% tranche secured via a separate purchase agreement.
The stock finished Friday 5% higher on the NSE, turning a 8% year‑to‑date slide into a modest rally. Investors appear to be pricing in the stake consolidation, even as the broader IT services index remains under pressure.
Looking ahead, Persistent will report Q2 FY27 results in early 2027. Market watchers are keen on margin trends and any guidance on the company’s debt‑free path, especially after the recent Nagarro acquisition.