Mid-tier IT services company Persistent Systems reported a 33.7% year-on-year increase in its net profit to Rs 529.2 crore for the quarter to March, surpassing analyst estimates. Sequentially, it grew 20.4%.
For the full financial year 2025-26, net profit increased 33.2% to Rs 1,865.1 crore, compared with Rs 1,400.1 crore in 2024-25.
Revenue increased 25.1% year-on-year and 7.4% quarter-on-quarter to Rs 4,055.9 crore, supported by a 24.3% year-on-year growth in the banking, financial services and insurance (BFSI) segment, and 11.2% year-on-year growth in the software, hi-tech and emerging industries verticals. The company’s healthcare and life sciences vertical clocked a 14.1% growth, after lagging in the previous quarter, its filings showed.
Analysts expected a sequential revenue growth of about 3.5% and 16-23% year-on-year. The company’s board declared a final dividend of Rs 18 per share.
Persistent Systems booked deal wins totalling $600.8 million during the March quarter, lower than $674.5 million worth of deals in the previous three-month period. The contribution of its top 10 clients as a percentage of total revenue for the March quarter slipped to 42.1% from 43.7% in the December quarter, adding just one large client in the quarter.
“As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business,” Sandeep Kalra, CEO and executive director, said in a statement.
Persistent Systems said its earnings before interest and taxes margin for the fourth quarter of the fiscal came in at 16.3%, down from the previous quarter’s 14.4%, which included the impact of the one-time labour code charges.
At the end of December 2025, its total headcount stood at 27,502, an increase of 791 employees from the previous quarter, and 2,908 from a year ago.
The company’s trailing 12-month attrition in the March quarter improved to 13.0% from 13.5% in October-December 2025, although it was lower than 12.9% in the third quarter of the previous fiscal.
For the full financial year 2025-26, net profit increased 33.2% to Rs 1,865.1 crore, compared with Rs 1,400.1 crore in 2024-25.
Revenue increased 25.1% year-on-year and 7.4% quarter-on-quarter to Rs 4,055.9 crore, supported by a 24.3% year-on-year growth in the banking, financial services and insurance (BFSI) segment, and 11.2% year-on-year growth in the software, hi-tech and emerging industries verticals. The company’s healthcare and life sciences vertical clocked a 14.1% growth, after lagging in the previous quarter, its filings showed.
Analysts expected a sequential revenue growth of about 3.5% and 16-23% year-on-year. The company’s board declared a final dividend of Rs 18 per share.
Persistent Systems booked deal wins totalling $600.8 million during the March quarter, lower than $674.5 million worth of deals in the previous three-month period. The contribution of its top 10 clients as a percentage of total revenue for the March quarter slipped to 42.1% from 43.7% in the December quarter, adding just one large client in the quarter.
“As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business,” Sandeep Kalra, CEO and executive director, said in a statement.
Persistent Systems said its earnings before interest and taxes margin for the fourth quarter of the fiscal came in at 16.3%, down from the previous quarter’s 14.4%, which included the impact of the one-time labour code charges.
At the end of December 2025, its total headcount stood at 27,502, an increase of 791 employees from the previous quarter, and 2,908 from a year ago.
The company’s trailing 12-month attrition in the March quarter improved to 13.0% from 13.5% in October-December 2025, although it was lower than 12.9% in the third quarter of the previous fiscal.
