Persistent Systems Reports FY26 Revenue of $1,654.4 Million, Marking 17.4% Year-on-Year Growth
Persistent Systems announced its audited financial results for the quarter and year ended March 31, 2026. The company reported substantial growth, achieving $1,654.4 million in revenue for the financial year 2025-26, reflecting a 17.4% year-on-year growth and an EBIT margin of 15.6%. The Board of Directors also recommended a final dividend of ₹40 per share for FY26.The consolidated financial results highlight significant performance across the year and the fourth quarter.
Financial Performance Highlights
The financial data reveals robust growth in both absolute terms and profitability margins over the fiscal year.Consolidated Financial Highlights for the Financial Year 2025-26:
| Metric | FY25 | FY26 | Margin% | Y-o-Y Growth |
|---|---|---|---|---|
| Revenue (USD Million) | 1,409.1 | 1,654.4 | 17.4% | Revenue |
| Revenue (INR Million) | 119,387.2 | 147,484.5 | 23.5% | Revenue |
| EBIT (INR Million) | 23,034.7 | 17,512.6 | 15.6% | 31.5% |
| PBT (INR Million) | 18,223.1 | 24,112.1 | 16.3% | 32.3% |
| PAT (INR Million) | 14,001.6 | 18,651.2 | 12.6% | 33.2% |
Consolidated Financial Highlights for the Quarter ended March 31, 2026:
| Metric | Value | Margin% | Q-o-Q Growth | Y-o-Y Growth |
|---|---|---|---|---|
| Revenue (USD Million) | 436 | 3.2% | 16.2% | Revenue |
| Revenue (INR Million) | 40,559.4 | 7.4% | 25.1% | Revenue |
| EBIT (INR Million) | 6,591.6 | 16.3% | 21.4% | 30.5% |
| PBT (INR Million) | 6,739.8 | 16.6% | 19.3% | PBT (INR Million) 33.4% |
| PAT (INR Million) | 5,292.6 | 13.1% | 20.4% | 33.7% |
Dividend and Strategy
The Board of Directors recommended a final dividend of ₹18 per share. This represents an increase from ₹35 per share for FY25, totaling ₹40 per share for FY26. This final dividend is subject to approval at the ensuing Annual General Meeting.Sandeep Kalra, Chief Executive Officer and Executive Director, noted that the 17.4% year-on-year revenue growth in FY26, coupled with the 15.6% EBIT margin, reflects the company's consistency. Kalra further stated that the Q4 FY26 marks the 24th sequential quarter of growth. He added that the company’s AI-first strategy is enhancing the operating model and improving the quality and scale of delivery.
Dr. Anand Deshpande, Founder, Chairman and Managing Director, commented that the company's consistent investment in engineering depth and data foundations, over the past 36 years, is now generating greater client application as AI adoption expands across enterprises.
Fourth Quarter Client Wins
The order booking for the quarter ended on March 31, 2026, reached $600.8 million in Total Contract Value (TCV) and $445.1 million in Annual Contract Value (ACV).Key wins were reported across multiple sectors:
Software, Hi-Tech & Emerging Industries:
- Driving a shift from hardware-centric products to software-led platforms through end-to-end engineering carveout and offshore operations across SAP, IT and data for a global industrial technology leader.
- Enabling hyperscaler-led cloud modernization of connectivity-centric infrastructure through secure workload migration for a leading U.S. telecom provider.
- Advancing an AI-enabled social intelligence platform through core engineering, GenAI innovation and UI modernization for a global leader in mission-grade risk intelligence.
Banking, Financial Services & Insurance:
- Scaling an enterprise platform through industry-specific capabilities across field services and healthcare for a global leader in tax and accounting software.
- Modernizing a payments platform through regulatory transformation and augmentation of core transaction capabilities for one of the largest banks in the Nordics.
- Co-building a digital underwriting platform with a fully digital, workflow-driven system for one of the largest life insurance providers in Australia.
Healthcare & Life Sciences:
- Orchestrating a multi-phase program spanning managed IT, platform operations, revenue platform engineering and R&D capacity expansion for a U.S.-based molecular diagnostics company.
- Reimagining a global CRO platform by unifying digital, data and AI systems into a scalable, cloud-first architecture for a global life sciences leader.
- Enhancing a care management platform across data, workflows and analytics, automating operations for a U.S.-based kidney care management provider.
Leadership and Industry Recognition
The company announced several key leadership additions:- Ruchi Kulhari joined as Executive Vice President - Enterprise Strategy & Execution, focusing on translating strategic priorities into defined initiatives.
- Hari S. Abhyankar joined as Executive Vice President and Global Head of Private Equity and Professional Services, overseeing the company's global strategy and growth across private equity investors.
Other notable corporate achievements include:
- Persistent was recognized as the Fastest Growing IT Services Brand Globally in the 2026 Brand Finance IT Services 25 Report.
- The company ranked among Asia-Pacific's Top 10 Professional Services Companies in the TIME 2026 list.
- Persistent was named a Leader in Everest Group Private Equity (PE) Services PEAK Matrix ® Assessment 2026, and also a Leader in Everest Group Software Product Engineering PEAK Matrix ® Assessment 2026.
- Persistent also opened an Innovation Center in Melbourne to support enterprise modernization and AI adoption.
PERSISTENT Stock Price Movement
Today, Persistent Systems Limited shares edged higher to close at ₹5329.9, gaining 0.82% for the day. The stock saw notable activity, trading on a volume of 1.01 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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