New Delhi, Oct. 16 -- Persistent Systems share price crashed over 5% in Friday's trading session after the company reported its financial results for the September quarter FY27. The stock opened at Rs.5,600 per share today, as compared to previous close of Rs.5,840 on Thursday and touched an intraday low of Rs.5,492 on 16 October.

Persistent Systems reported a 5% year-on-year rise in consolidated profit after tax (PAT), excluding exceptional expenses, to Rs.495.15 crore in the second quarter of FY27 on Thursday, October 15. However, reported PAT declined 25.4% to Rs.351.51 crore after the company incurred an exceptional expense of Rs.185.34 crore related to its proposed acquisition of Nagarro.

Revenue from operations increased 20.8% yea...