Stories
Persistent Systems Q2 Profit Rises 5% to ₹495 Crore Excluding Nagarro Costs
- •Persistent Systems reported a 5% year-on-year increase in consolidated PAT to ₹495.15 crore for Q2 FY27, excluding exceptional expenses.
- •Reported PAT dropped 25.4% to ₹351.51 crore due to an exceptional expense of ₹185.34 crore related to the proposed acquisition of Nagarro.
- •Revenue from operations grew 30.3% year-on-year in rupee terms to ₹4,663.9 crore, marking the 26th consecutive quarter of revenue growth.
- •Persistent secured about 94.04% of Nagarro's share capital and voting rights, with the transaction expected to close by early 2027.
- •Trailing 12-month TCV bookings stood at $3.06 billion, while quarterly TCV bookings reached $633.5 million.
Key Questions Answered
Persistent Systems reported a 5% year-on-year increase in consolidated profit after tax, excluding exceptional expenses, reaching ₹495.15 crore for Q2 FY27. Revenue from operations grew by 30.3% in rupee terms to ₹4,663.9 crore, marking the company's 26th consecutive quarter of revenue growth.
Reported profit after tax fell by 25.4% year-on-year to ₹351.51 crore due to an exceptional expense of ₹185.34 crore booked for the proposed acquisition of Nagarro.
Persistent Systems has secured approximately 94.04% of Nagarro’s share capital and voting rights, excluding treasury shares. The transaction is expected to close in Q4 calendar year 2026 or Q1 calendar year 2027, pending regulatory approvals from the Reserve Bank of India and foreign investment authorities in Austria and Spain.
