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7h ago

Persistent Systems Posts 45% Profit Jump in Q2 as Revenue Reaches Rs 3,580 Crore

Margin expanded to 16.3%, pointing to stronger operating performance.

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Overview

  • Consolidated net profit rose to Rs 471.4 crore, up about 45% year on year and 11% sequentially.
  • Revenue from operations came in at Rs 3,580.7 crore, up 23.6% year on year and roughly 7% quarter on quarter versus Rs 3,333.5 crore.
  • EBIT increased 13% sequentially to Rs 583 crore, lifting the operating margin to 16.3% from 15.5%.
  • The company reported total contract value bookings of $609.2 million and annual contract value of $447.9 million for the quarter.
  • Management highlighted an AI‑focused, platform‑led strategy and proprietary accelerators as key drivers for client transformation and productivity gains.