Persistent Systems slips after Q2 PAT slides 27.2% QoQ
Mumbai, Oct. 16 -- The company's revenue increased 30.3% YoY and 8.4% QoQ to Rs 4,663.9 crore in Q2 FY27.
In US dollar terms, revenue increased 20% YoY and 7.8% QoQ to $487.6 million. The company reported order bookings of $633.5 million in total contract value (TCV) and $481 million in annual contract value (ACV) for the quarter ended 30 September 2026.
Profit before tax stood at Rs 453.7 crore in Q2 FY27, down 27.2% vs the previous quarter and 26.4% vs the year-ago quarter. EBITDA increased 26.4% YoY and 7.8% QoQ to Rs 864.4 crore. EBIT rose 19.5% YoY and 1.6% QoQ to Rs 697.7 crore. The EBIT margin stood at 15.0% in Q2 FY27.
Gross profit increased 22.2% YoY to Rs 1,574 crore from Rs 1,288.3 crore. Total direct costs rose 34.8% YoY to...
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