Persistent Systems Q2 FY27 Revenue at $487.6M, Up 20.0% YoY; Secures 94.04% Nagarro Stake
Persistent Systems reported Q2 FY27 revenue of $487.6 million, a 20.0% YoY increase, with INR revenue at ₹46,639.0 million (30.3% YoY growth). The company secured approximately 94.04% of Nagarro's share capital and received shareholder approval for an equity raise of up to $450 million. Order booking reached $633.5 million TCV.
The substantial revenue growth, progress on a major acquisition (Nagarro), and shareholder approval for a significant equity raise are material events that will likely have a high impact on the company's future performance and market position.
The company reported strong sequential and year-over-year revenue growth, significant progress on a key acquisition, and positive shareholder approval for fundraising, indicating a favorable business outlook.
Persistent Systems announced its audited financial results for the quarter ended September 30, 2026. The company reported consolidated revenue of $487.6 million, marking a 7.8% increase quarter-over-quarter and a significant 20.0% year-over-year growth. In INR, the revenue was ₹46,639.0 million, showing a 30.3% YoY increase. The Earnings Before Interest and Taxes (EBIT) stood at ₹6,977.2 million, with a 15.0% margin. Operating Profit After Tax (PAT) was ₹4,951.5 million, and the net PAT was ₹3,515.1 million.
Sandeep Kalra, CEO, highlighted the 26th consecutive quarter of growth and substantial progress on the Nagarro acquisition, having secured approximately 94.04% of its share capital. The company also received shareholder approval for an equity raise of up to $450 million and a combined equity and borrowings cap of $1,250 million for its M&A strategy.
In terms of new business, the order booking for the quarter was $633.5 million in Total Contract Value (TCV) and $481.0 million in Annual Contract Value (ACV). The company detailed several key client wins across Software, Hi-Tech & Emerging Industries; Banking, Financial Services & Insurance; and Healthcare and Life Sciences sectors, focusing on AI-driven solutions and platform modernization.
Other notable developments during the quarter included securing a strong majority stake in Nagarro, shareholder approval for the Nagarro offer, and receiving multiple industry awards, including recognition for growth, climate action, and workplace excellence.
What to do with a filing like this
Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.