Persistent Systems Shares Jump 7.05% After Robust Q2FY26 Earnings

Pune, October 15: Persistent Systems Limited’s share price is on the rise today, after the company reported strong financials for the September quarter. As of 10:30 AM, the shares of the company were up by 7.05%, or 376.10 points, and were trading at ₹5,714. Until now, the shares of the company have traded within a range of ₹5,730 and ₹5,465.50. The traded volume stood at 18.63 lakh shares, with the company’s market cap at ₹83,485 crore. The shares have their 52-week high at ₹6,788.90 and their 52-week low at ₹4,148.95.

Persistent Systems Limited is an Indian company that is engaged in providing global IT services and solutions. The company was established in 1990 and is headquartered in Pune, Maharashtra.

Robust Q2FY26 Earnings

The company reported a 45% year-on-year increase in its net profit, which reached ₹471.4 crore. This was also a 10.9% increase from the previous quarter, driven by lower software license costs for a client and gains from foreign currency. The company’s revenue grew by 23.5% year-on-year to ₹3,580.7 crore. This growth was led by a 30% increase in its banking and financial services segment, a 15.5% rise in its software and hi-tech division, and a 6.6% growth in its healthcare and life sciences business. In dollar terms, the revenue was $406.2 million. The company also reported a cash balance exceeding ₹10 billion.

The strong financials have positively affected investor sentiment, who are buying the shares for the company’s long-term growth potential. It remains to be seen if the company can sustain this performance in the coming days, or if the shares will fall due to investors booking profits.

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