Persistent Systems Q2 net profit jumps 45% YoY to ₹471 crore; revenue up 24%

Persistent Systems Ltd. delivered a stellar Q2 FY26 performance with net profit rising 45% year-on-year to ₹471 crore, driven by strong execution across verticals. Revenue from operations stood at ₹3,580 crore, up 23.6% YoY. Growth was led by digital transformation, cloud modernization, and AI-driven engineering services, supported by robust deal wins and client retention. The company also maintained healthy EBITDA margins, reflecting improved operational efficiency and disciplined cost management. On the fundamentals front, Persistent continues to exhibit a strong balance sheet with minimal debt, a return on equity (ROE) above 25%, and consistent cash flow generation. The stock closed at ₹5,324.25, down 0.12%, valuing the company at a market capitalization of over ₹80,000 crore. Analysts view Persistent as a high-quality digital engineering play, well-positioned to benefit from accelerating enterprise cloud adoption and AI-led demand globally.