Persistent Systems Ltd.
PERSISTENTInformation Technology filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
14 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 14 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230124 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230428 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230725 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231023 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240425 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240724 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241027 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250128 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250430 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250729 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251020 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260127 | 2025-12-31 | yes | |
| COVER_LETTER | 20260428 | 2026-03-31 | no | |
| TRANSCRIPT | 20260703 | 2026-06-30 | yes |
PERSISTENT
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 5,277.00 |
| 52-week range | 4298.5 – 6563.5 |
| Return 1M | -6.68% |
| Return 3M | 9.0% |
| Return 1Y | 1.65% |
| Return 3Y | 78.36% |
| Return 5Y | 181.11% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,303.00 |
| Other income | 71.00 |
| Total income | 4,374.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 2,866.00 |
| Finance costs | 29.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.30 | 0.00 |
| institutions foreign | 0.21 | -0.01 |
| institutions domestic | 0.30 | -0.00 |
| mutual funds | 0.21 | -0.01 |
| public | 0.69 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2026-03-31 | 1 |
| TRANSCRIPT | 2026-06-30 | 13 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,049.00 | 2,169.00 | 2,254.00 | 2,321.00 | 2,412.00 | 2,498.00 | 2,591.00 | 2,737.00 | 2,897.00 | 3,062.00 | 3,242.00 | 3,334.00 | 3,581.00 | 3,778.00 | 4,056.00 | 4,303.00 |
| Other income | 8.00 | 33.00 | 9.00 | 22.00 | 37.00 | 38.00 | 31.00 | 31.00 | 47.00 | 43.00 | 18.00 | 55.00 | 52.00 | 40.00 | 33.00 | 71.00 |
| Total income | 2,057.00 | 2,202.00 | 2,263.00 | 2,343.00 | 2,449.00 | 2,537.00 | 2,621.00 | 2,768.00 | 2,944.00 | 3,105.00 | 3,260.00 | 3,388.00 | 3,632.00 | 3,819.00 | 4,089.00 | 4,374.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 1,501.00 | 1,562.00 | 1,579.00 | 1,631.00 | 1,776.00 | 1,810.00 | 1,894.00 | 1,995.00 | 2,151.00 | 2,197.00 | 2,280.00 | 2,306.00 | 2,484.00 | 2,601.00 | 2,758.00 | 2,866.00 |
| Finance costs | 11.00 | 14.00 | 15.00 | 13.00 | 12.00 | 12.00 | 10.00 | 14.00 | 18.00 | 16.00 | 18.00 | 17.00 | 18.00 | 19.00 | 19.00 | 29.00 |
| Depreciation and amortisation | 69.00 | 68.00 | 70.00 | 76.00 | 74.00 | 79.00 | 80.00 | 71.00 | 74.00 | 82.00 | 79.00 | 94.00 | 100.00 | 101.00 | 109.00 | 115.00 |
| Other expenses | 180.00 | 206.00 | 259.00 | 316.00 | 231.00 | 247.00 | 243.00 | 287.00 | 266.00 | 327.00 | 378.00 | 416.00 | 414.00 | 445.00 | 530.00 | 740.00 |
| Total expenses | 1,761.00 | 1,850.00 | 1,923.00 | 2,036.00 | 2,093.00 | 2,147.00 | 2,226.00 | 2,367.00 | 2,509.00 | 2,623.00 | 2,755.00 | 2,833.00 | 3,016.00 | 3,165.00 | 3,415.00 | 3,751.00 |
| Profit before exceptional items and tax | 296.00 | 352.00 | 341.00 | 307.00 | 356.00 | 389.00 | 395.00 | 401.00 | 435.00 | 482.00 | 505.00 | 555.00 | 617.00 | 654.00 | 674.00 | 623.00 |
| Exceptional items | 0.00 | -30.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -89.00 | 0.00 | 0.00 |
| Profit before tax | 296.00 | 323.00 | 341.00 | 307.00 | 356.00 | 389.00 | 395.00 | 401.00 | 435.00 | 482.00 | 505.00 | 555.00 | 617.00 | 565.00 | 674.00 | 623.00 |
| Current tax | 73.00 | 71.00 | 98.00 | 91.00 | 97.00 | 111.00 | 76.00 | 82.00 | 123.00 | 139.00 | 128.00 | 135.00 | 171.00 | 140.00 | 151.00 | 146.00 |
| Deferred tax | 2.00 | 14.00 | -9.00 | -13.00 | -5.00 | -8.00 | 4.00 | 12.00 | -13.00 | -30.00 | -19.00 | -4.00 | -26.00 | -15.00 | -6.00 | -6.00 |
| Tax expense | 76.00 | 85.00 | 89.00 | 78.00 | 92.00 | 103.00 | 80.00 | 94.00 | 110.00 | 109.00 | 109.00 | 130.00 | 145.00 | 126.00 | 145.00 | 140.00 |
| Profit for the period | 220.00 | 238.00 | 252.00 | 229.00 | 263.00 | 286.00 | 315.00 | 306.00 | 325.00 | 373.00 | 396.00 | 425.00 | 471.00 | 439.00 | 529.00 | 483.00 |
| Profit attributable to owners | 220.00 | 238.00 | 252.00 | 229.00 | 263.00 | 286.00 | 315.00 | 306.00 | 325.00 | 0.00 | 396.00 | 448.00 | 471.00 | 439.00 | 529.00 | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 16.00 | 24.00 | 34.00 | -5.00 | 142.00 | -124.00 | -7.00 | 32.00 | 47.00 | -61.00 | 2.00 | 23.00 | 4.00 | 13.00 | -25.00 | 103.00 |
| Total comprehensive income | 236.00 | 262.00 | 286.00 | 224.00 | 405.00 | 162.00 | 308.00 | 338.00 | 372.00 | 312.00 | 398.00 | 448.00 | 476.00 | 452.00 | 504.00 | 586.00 |
| Earnings per share, basic | 29.61 | 31.90 | 33.65 | 30.50 | 35.00 | 37.83 | 20.73 | 20.09 | 21.19 | 24.28 | 25.64 | 27.43 | 30.31 | 28.15 | 33.83 | 30.88 |
| Earnings per share, diluted | 28.79 | 31.14 | 32.91 | 29.75 | 34.22 | 37.20 | 20.48 | 19.89 | 20.98 | 23.93 | 25.39 | 27.21 | 30.15 | 27.94 | 33.55 | 30.51 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,366.00 | 3,566.00 | 4,188.00 | 5,711.00 | 8,351.00 | 9,822.00 | 11,939.00 | 14,748.00 |
| Other income | 88.00 | 132.00 | 108.00 | 144.00 | 71.00 | 128.00 | 138.00 | 180.00 |
| Total income | 3,454.00 | 3,698.00 | 4,296.00 | 5,855.00 | 8,421.00 | 9,950.00 | 12,077.00 | 14,929.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 2,274.00 | 2,548.00 | 3,072.00 | 4,257.00 | 6,012.00 | 7,110.00 | 8,623.00 | 10,148.00 |
| Finance costs | 0.00 | 6.00 | 6.00 | 12.00 | 47.00 | 47.00 | 67.00 | 73.00 |
| Depreciation and amortisation | 157.00 | 166.00 | 176.00 | 166.00 | 272.00 | 309.00 | 307.00 | 403.00 |
| Other expenses | 536.00 | 526.00 | 433.00 | 496.00 | 819.00 | 1,036.00 | 1,258.00 | 1,805.00 |
| Total expenses | 2,967.00 | 3,246.00 | 3,686.00 | 4,930.00 | 7,151.00 | 8,502.00 | 10,255.00 | 12,429.00 |
| Profit before exceptional items and tax | 486.00 | 452.00 | 609.00 | 924.00 | 1,271.00 | 1,448.00 | 1,822.00 | 2,500.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -30.00 | 0.00 | 0.00 | -89.00 |
| Profit before tax | 486.00 | 452.00 | 609.00 | 924.00 | 1,241.00 | 1,448.00 | 1,822.00 | 2,411.00 |
| Current tax | 143.00 | 141.00 | 178.00 | 237.00 | 311.00 | 375.00 | 472.00 | 597.00 |
| Deferred tax | -9.00 | -29.00 | -20.00 | -3.00 | 9.00 | -21.00 | -50.00 | -51.00 |
| Tax expense | 135.00 | 112.00 | 159.00 | 234.00 | 320.00 | 354.00 | 422.00 | 546.00 |
| Profit for the period | 352.00 | 340.00 | 451.00 | 690.00 | 921.00 | 1,093.00 | 1,400.00 | 1,865.00 |
| Profit attributable to owners | 352.00 | 340.00 | 451.00 | 690.00 | 921.00 | 1,093.00 | 1,400.00 | 1,865.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 24.00 | -14.00 | 37.00 | -14.00 | 74.00 | 6.00 | 20.00 | 15.00 |
| Total comprehensive income | 375.00 | 326.00 | 488.00 | 676.00 | 995.00 | 1,099.00 | 1,420.00 | 1,880.00 |
| Earnings per share, basic | 43.99 | 44.38 | 58.97 | 90.34 | 123.73 | 72.44 | 91.22 | 119.74 |
| Earnings per share, diluted | 43.99 | 44.38 | 58.97 | 90.34 | 120.52 | 71.07 | 90.24 | 118.87 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 6,211.00 | 6,619.00 | 6,844.00 | 7,374.00 | 8,279.00 | 8,737.00 | 9,890.00 | 11,377.00 |
| Non-current assets | 3,044.00 | 3,101.00 | 3,133.00 | 3,212.00 | 3,541.00 | 3,711.00 | 3,893.00 | 4,279.00 |
| Current assets | 3,167.00 | 3,518.00 | 3,710.00 | 4,162.00 | 4,738.00 | 5,026.00 | 5,997.00 | 7,097.00 |
| Property, plant and equipment | 330.00 | 486.00 | 446.00 | 442.00 | 455.00 | 815.00 | 412.00 | 397.00 |
| Capital work-in-progress | 116.00 | 16.00 | 42.00 | 34.00 | 15.00 | 4.00 | 17.00 | 11.00 |
| Goodwill | 325.00 | 718.00 | 1,087.00 | 1,091.00 | 1,097.00 | 1,234.00 | 1,278.00 | 1,360.00 |
| Other intangible assets | 1,510.00 | 1,137.00 | 734.00 | 688.00 | 884.00 | 492.00 | 893.00 | 552.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 1,324.00 | 1,570.00 | 1,580.00 | 1,676.00 | 2,122.00 | 1,848.00 | 2,895.00 | 3,334.00 |
| Cash and cash equivalents | 441.00 | 467.00 | 439.00 | 663.00 | 600.00 | 674.00 | 1,001.00 | 1,075.00 |
| Total equity and liabilities | 6,211.00 | 6,619.00 | 6,844.00 | 7,374.00 | 8,279.00 | 8,737.00 | 9,890.00 | 11,377.00 |
| Equity | 3,525.00 | 3,965.00 | 4,419.00 | 4,958.00 | 5,564.00 | 6,319.00 | 7,147.00 | 7,838.00 |
| Equity share capital | 76.00 | 76.00 | 77.00 | 77.00 | 78.00 | 78.00 | 78.00 | 79.00 |
| Other equity | 3,448.00 | 3,889.00 | 4,342.00 | 4,881.00 | 5,486.00 | 6,241.00 | 7,069.00 | 7,759.00 |
| Total liabilities | 2,686.00 | 2,654.00 | 2,425.00 | 2,416.00 | 2,715.00 | 2,418.00 | 2,743.00 | 3,539.00 |
| Non-current liabilities | 743.00 | 696.00 | 307.00 | 232.00 | 290.00 | 285.00 | 343.00 | 614.00 |
| Current liabilities | 1,944.00 | 1,958.00 | 2,119.00 | 2,184.00 | 2,425.00 | 2,133.00 | 2,399.00 | 2,924.00 |
| Borrowings, non-current | 307.00 | 206.00 | 93.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 227.00 | 223.00 | 224.00 | 197.00 | 263.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 584.00 | 569.00 | 643.00 | 814.00 | 1,037.00 | 889.00 | 909.00 | 1,134.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 379.00 | 956.00 | 426.00 | 1,221.00 | 503.00 | 1,157.00 | 958.00 | 1,767.00 |
| Net cash from investing activities | -214.00 | -421.00 | -169.00 | -469.00 | -311.00 | -434.00 | -339.00 | -610.00 |
| Net cash from financing activities | -21.00 | -404.00 | -198.00 | -559.00 | 3.00 | -628.00 | -293.00 | -748.00 |
| Purchase of property, plant and equipment | 283.00 | 433.00 | 167.00 | 284.00 | 400.00 | 433.00 | 103.00 | -13.00 |
| Net increase in cash | 143.00 | 132.00 | 58.00 | 196.00 | 197.00 | 99.00 | 326.00 | 401.00 |
| con:CFO.BEFORE_TAX | 489.00 | 1,206.00 | 572.00 | 1,563.00 | 706.00 | 1,668.00 | 1,224.00 | 2,392.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 19.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -129.00 | -340.00 | 146.00 | 341.00 | 203.00 | 511.00 | 266.00 | 625.00 |
| con:CF_OTHER.OPERATING | -220.00 | -591.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 1.00 | 5.00 | 45.00 | 44.00 | 1.00 | -209.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 326.00 | 431.00 | 39.00 | 207.00 | 18.00 | 0.00 | 74.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 31.26 | 31.06 | 31.06 | 31.06 | 31.02 | 31.02 | 30.66 | 30.66 | 30.66 | 30.56 | 0.31 | 0.30 | 0.30 | 0.30 |
| Domestic institutions | 27.61 | 28.04 | 28.67 | 26.14 | 25.88 | 28.23 | 27.37 | 26.26 | 26.85 | 27.78 | 0.31 | 0.30 | 0.30 | 0.30 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 22.33 | 0.24 | 0.23 | 0.22 | 0.21 |
| Insurance companies | 3.88 | 3.74 | 3.92 | 3.28 | 4.43 | 5.08 | 4.88 | 4.43 | 4.61 | 4.82 | 0.06 | 0.06 | 0.07 | 0.07 |
| Foreign institutions | 20.55 | 20.50 | 21.34 | 24.55 | 24.96 | 22.55 | 23.33 | 24.75 | 24.36 | 24.19 | 0.21 | 0.23 | 0.22 | 0.21 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 66.67 | 66.53 | 66.97 | 67.60 | 67.86 | 68.29 | 67.67 | 68.25 | 68.51 | 68.85 | 0.69 | 0.69 | 0.69 | 0.69 |
| Non-institutional | 18.51 | 17.99 | 16.95 | 16.91 | 17.02 | 17.50 | 16.96 | 17.23 | 17.29 | 16.89 | 0.17 | 0.16 | 0.16 | 0.18 |
| Shares outstanding | 76425000 | 76925000 | 76925000 | 76925000 | 77025000 | 154050000 | 155850000 | 155850000 | 155850000 | 156400000 | 156400000 | 157750000 | 157750000 | 157750000 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Mr. Sandeep Kalra, Executive Director and Chief Executive Of | Key management personnel | Any other transaction, Dividend paid | 952,550,000.00 | 4 |
| Dr. Anand Deshpande, Chairman and Managing Director | Key management personnel of entity | Any other transaction, Dividend paid | 483,370,000.00 | 2 |
| Mr. Sameer Dixit | Key Managerial Personnel (Subsidia | Any other transaction | 76,890,000.00 | 2 |
| Mr. Rajasekar Sukumar, Director | Key Managerial Personnel (Subsidia | Any other transaction | 67,820,000.00 | 2 |
| Mr. Shekhar Patankar | Key Managerial Personnel (Subsidia | Any other transaction | 56,100,000.00 | 2 |
| Mr. Sunil Sapre, Executive Director and Chief Financial Offi | Key management personnel | Any other transaction, Dividend paid | 40,930,000.00 | 3 |
| Mr. Sachin Dewasthalee | Key Managerial Personnel (Subsidia | Any other transaction | 32,610,000.00 | 2 |
| Mr. Rajesh Abhyankar | Key Managerial Personnel (Subsidia | Any other transaction | 26,700,000.00 | 2 |
| Mr. Thomas Klein, Director | Key Managerial Personnel (Subsidia | Any other transaction | 26,040,000.00 | 1 |
| Mr. Rahul Bajaj | Key Managerial Personnel (Subsidia | Any other transaction | 25,070,000.00 | 1 |
| Mr. Rajiv Korpal | Key Managerial Personnel (Subsidia | Any other transaction | 24,790,000.00 | 1 |
| Mr. Narasinha (Avadhoot) Upadhye | Key Managerial Personnel (Subsidia | Any other transaction | 16,550,000.00 | 2 |
| Mr. Kamal Puri | Key Managerial Personnel (Subsidia | Any other transaction | 16,150,000.00 | 1 |
| Mr. Pravin Tarde | Key Managerial Personnel (Subsidia | Any other transaction | 10,930,000.00 | 1 |
| Mr. Bisquer, Hervé | Key Managerial Personnel (Subsidia | Any other transaction | 10,550,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-03 | Q1FY27 | Dr. Anand Deshpande, Mr. Sandeep Kalra, Mr. Vinit Teredesai | Read the call |
| 2026-01-27 | Q3FY26 | Mr. Debashis Singh, Mr. Jaideep Dhok, Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Te | Read the call |
| 2025-10-20 | Q2FY26 | Mr. Jaideep Dhok, Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Teredesai | Read the call |
| 2025-07-29 | Q1FY26 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Teredesai | Read the call |
| 2025-04-30 | Q4FY25 | Mr. Anand Deshpande, Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Teredesai | Read the call |
| 2025-01-28 | Q3FY25 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Teredesai | Read the call |
| 2024-10-27 | Q2FY25 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Vinit Teredesai | Read the call |
| 2024-07-24 | Q1FY25 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Sunil Sapre, Mr. Vinit Teredesai | Read the call |
| 2024-04-25 | Q4FY24 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Sunil Sapre | Read the call |
| 2023-10-23 | Q2FY24 | Mr. Sandeep Kalra, Mr. Saurabh Dwivedi, Mr. Sunil Sapre | Read the call |
| 2023-07-25 | Q1FY24 | Mr. Sandeep Kalra, Mr. Sunil Sapre | Read the call |
| 2023-04-28 | Q4FY23 | Dr. Anand Deshpande, Mr. Sandeep Kalra, Mr. Sunil Sapre | Read the call |
| 2023-01-24 | Q3FY23 | Mr. Sandeep Kalra, Mr. Sunil Sapre | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY23 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | Next item on the operational CapEx for the quarter, was ₹292.4 million and the cash on books is ₹16,907.9 million as compared to ₹15,719 million at th… | — | Some of our larger peers have indicated that spends are currently kind of tied up in Capex and there's little room for sort of the services or the sof… | The operational capex for the quarter was INR 1,232 million. | The Operational CapEx for the quarter was Rs. | — |
| Capital allocation | Overall treasury income was lower than last quarter, owing to payouts for acquisition and payment of final dividend for FY24 during this quarter. | — | Moving on from operational metrics to certain strategic highlights for this quarter - Q3, is usually the quarter in which we declare the interim divid… | All put together, their contribution to our revenue was about 35 basis points in Q3. Our acquisition of SoHo is a part of vendor consolidation exercis… | Coming to the update on Interim Dividend. | Moving on from operational metrics to other highlights of the quarter - we are pleased to share with you that the Board of Directors declared a final … | I am pleased to share with you, that the Board of Directors recommended a final dividend of Rs. | I am pleased to share with you that in line with our endeavor to maintain a consistent dividend payout ratio, the Board of Directors has recommended a… |
| Costs | — | — | — | — | — | The ramp downs in earlier quarters were on account of structured cost savings program undertaken by our top customer. | SASVA delivers significant efficiencies, quality enhancements, improved security posture, and cost savings throughout the product development lifecycl… | I think manufacturing and retail verticals are the two verticals that seem to be hit the most because of the tariff uncertainty and because of the inp… |
| Debt and cash | Operating cash flow to PAT for Q2 FY25 stood at 108.3% compared to 49.3% in the previous quarter. | In this quarter, billed DSO came in at 54 days, an improvement of 2 days compared to last quarter, while unbilled DSO came in at 21 days, an increase … | — | It is our endeavor to continue to improve our cash flow conversion and we will share our progress in this regard in the coming quarters. | Billed DSO increased by 3 days and unbilled DSO increased by 3 days compared to Q2 of FY26. Operating Cash Flow to PAT for this quarter came in at 91%… | Had that not happened, cash flow would have looked a little better and thirdly, we had announced in Q2 and Q3 that increasing DSO that had happened fr… | — | Persistent Systems Limited Coming to banking, financial services and insurance - Persistent was selected by a global leader in tax accounting and cash… |
| Demand | Now, coming to the Order Book for the quarter: The Total Contract Value for the quarter came in at $529 million with TCV of new bookings being $389.8 … | Persistent Systems Limited And in terms of the bookings, et cetera, so it's not driven by one or two customers. | Coming to the order book for the quarter, Q3 was a record high for us in order of TCV order wins. | Coming to the order book for the quarter. | Coming to the order book for the quarter. | Coming to the order book for the quarter, Q4 was a healthy set of order wins for us. | Now coming to the order book for the quarter. | So, if I look at our overall pipeline, if I look at our overall scaling of healthcare and overall company and as sum of the parts if I look at the BFS… |
| Guidance | Am happy to share that the benefit of these programs are reflecting in the current quarter and we expect them to continue in the subsequent quarters. | At this point of time, at least for the next few quarters, we anticipate the utilization levels to remain pretty much at that rate. | Second, in terms of the growth, look, we don't give forward-looking guidance, but the endeavor would be to reach whatever percentages you said. | 106 million in Q2. Effective tax rate for the quarter came in at 22.6% compared to 25.2% in Q2. Based on our revised estimates, we expect our overall … | Persistent has been awarded as Emerging Leader in Gartner's Innovation Guide for GenAI Consulting, Leader in ISG Provider Lens for Generative AI and L… | So, Abhishek, we don't give forward-looking guidance but let me give you a color on the thing. | So, on a total dividend payout basis, it translates to 36% dividend payout ratio which is in line with our Board guidance. | Effective tax rate for the quarter came in at 21.7% compared to 22.6% in Q3. Effective tax rate for the full year FY25 was 23.2% and we expect our ove… |
| Margin | The EBIT margin for the quarter came in at 14%. | Let me now give you a quarter-on-quarter EBIT margin walkthrough. | The EBIT margin expanded by 80 basis points on a sequential basis, aided by growth leverage, better lateral utilization, increase fresher billability … | Vinit will provide detailed color on the financials and the margin movement later in this call. | As you might be aware, New Labor Codes were recently announced in India, which required additional provisioning for gratuity payment and leave encashm… | EBIT margin was consistent with Q3 on a sequential basis, as the tailwind of higher fresher billing was largely neutralized by higher costs associated… | Coming to the EBIT side, our EBIT margin for Q4 came in at 14.45%. | The EBIT margin for FY25 came in at 14.7%, compared to 14.4% for FY24. The profit after tax for the full year came in at 11.7%. |
| People | This has led to an improvement in utilization from 82.1% in Q1 to 84.8% in Q2 which has helped our margins by 120 basis points. | Let me start with the key operational updates. - At the end of Q2 FY26, our total headcount reached 26,224, up 884 from the last quarter. - Trailing 1… | Utilization for the quarter came in at 77.6% as against 79.9% in Q2. It should be noted that excluding freshers, our blended utilization came in at 83… | Coming to the tailwinds for the quarter. - Our utilization has improved from 84.8% in Q2 of FY25 to 87.4% this quarter. - Another key improvement that… | At the end of Q3 FY26, our total headcount stood at 26,711, an increase of 487 from the previous quarter. | Coming to the people and utilization - in Q4, we added 291 people on a net basis, taking our total employee headcount to 22,889. | The ramp-up in this quarter included a one-time transition cost along with lower utilization and higher travel cost. | Starting with the tailwinds this quarter, - Improved utilization helped margins improve by 20 basis points. |
| Pricing | Additionally, reduction in sub- contract cost resulted in the benefit of 70 basis points, lower re-sale business helped by 50 basis points and balance… | Maybe you are pricing on an outcome basis, but you're bringing the entire stack together, whether it's a Salesforce stack, whether it is a startup rel… | So, little known fact, for the last 12-18 months we were at it in terms of price increases. | Then, couple that with whatever Vinit said and as you know, we mentioned the more we bring IP/differentiated capabilities, we are able to get a differ… | Our commercials with the customers are also evolving to include a combination of people and tool-driven pricing models. | This was an account of a combination of higher cost on travel, amortization, fresher intake as well Persistent Systems Limited as lower royalty revenu… | — | There are pricing levers that we work on very, very diligently to improve and get incremental benefit on our revenue. |
| Revenue growth | With this, let me now start with a quick financial summary: We achieved a healthy revenue growth of 18.4% year-on-year and 5.3% quarter-on-quarter to … | This marks our 22nd sequential quarter of growth, bringing our trailing 12-month revenue above $1.5 billion and our annualized run rate to $1.6 billio… | The revenue for Q3 came in at $264.35 million, giving us a growth of 3.4% quarter-on-quarter and 32.8% on year-on-year basis in dollar terms. | Coming to our financial performance for Q3 FY25: We achieved a healthy revenue growth of 19.9% year-on-year and 4.3% quarter-on-quarter to reach US$36… | We achieved a healthy revenue growth of 4.0% quarter-on-quarter and 17.3% year-on-year, delivering $422.5 million in Q3 of fiscal 2026. | We are happy to report that the revenue for Q4 came in at USD 274.55 million, giving us a growth of 3.9% quarter-on-quarter and 26.3% on year-on-year … | We delivered revenues of USD 310.9 million for Q4 FY24. This translates into a growth of 3.4% quarter-on-quarter and 13.2% on year-on-year basis. | This translates to a growth of 4.2% quarter-on-quarter and 20.7% year-on-year. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2024-07-24 | Q1FY25 | Mr. Sandeep Kalra | In summary, we have started FY25 on a positive note delivering a strong revenue growth in Q1. We are confident that the various revenue enhancement as well as cost optimization initiatives that we are working on, will provide us a significant boost in margins as we exit FY25. With these, our endeavor is to deliver a healthy revenue growth for the full year FY25 and a similar margin profile as we delivered in FY24. We remain committed to our margin improvement guidance of 200-300 basis points over the next couple of years as we scale our business. |
| 2024-10-27 | Q2FY25 | Mr. Vinit Teredesai | We expect our overall ETR for the year to remain in the range of 23.5% to 24.5%. |
| 2025-01-28 | Q3FY25 | Mr. Vinit Teredesai | 106 million in Q2. Effective tax rate for the quarter came in at 22.6% compared to 25.2% in Q2. Based on our revised estimates, we expect our overall ETR for the year to remain in the range of 23%-23.5%. |
| 2025-04-30 | Q4FY25 | Mr. Vinit Teredesai | Effective tax rate for the quarter came in at 21.7% compared to 22.6% in Q3. Effective tax rate for the full year FY25 was 23.2% and we expect our overall effective tax rate to remain in the range of 23 to 23.5% going forward. |
| 2025-10-20 | Q2FY26 | Mr. Sandeep Kalra | And as we get to our $5 billion over the next 4-5 years, we should be at, you know, $100 million per quarter in every sub- vertical. |
| 2026-07-03 | Q1FY27 | Mr. Vinit Teredesai | That gives us a confidence that, you know, we should be able to get easily above the 50% part of it. |