Persistent Systems share price: Shares of technology company Persistent Systems surged more than 7% during Wednesday’s trading session, following robust results for the September quarter (Q2).
The company recorded a 45% year-over-year (YoY) rise in net profit for the September quarter, exceeding analysts’ expectations.
The net profit of ₹471.4 crore, 10.9% higher compared to the previous quarter, was driven largely by a reduction in software license costs for one client and gains from foreign currency, according to chief executive officer Sandeep Kalra, as per reports.
Revenue grew by 23.5% YoY and 7.3% quarter-over-quarter (QoQ), reaching ₹3,580.7 crore, fueled by a 30% YoY increase in the banking, financial services, and insurance (BFSI) segment, as well as a 15.5% YoY rise in the software, hi-tech, and emerging industries sectors.
The healthcare and life sciences segment experienced a growth of 6.6%, according to its filings. In dollar terms, revenue climbed by 17.6% YoY and 4.2% QoQ, totalling $406.2 million.
Sandeep Kalra, the Chief Executive Officer and Executive Director, stated that this represented Persistent’s 22nd consecutive quarter of revenue growth. Fueled by the ongoing confidence of our clients, this achievement showcases our dedication to significant transformation and excellence in execution, Kalra remarked.
Kalra noted that the company’s AI strategy is built on a platform-led approach enhanced by domain knowledge, proprietary tools, and strategic alliances. This strategy is designed to assist enterprises in modernising their operations, improving productivity, and accelerating measurable results.
For the quarter ending September 30, 2025, Persistent reported a Total Contract Value (TCV) of $609.2 million and an Annual Contract Value (ACV) of $447.9 million. During this quarter, Jaideep Dhok was promoted to Chief Operating Officer — Technology.
As reported by CNBC TV18, CLSA has upheld its ‘High Conviction Outperform’ rating for Persistent, elevating its target price to ₹8,270. The brokerage noted that the company experienced another strong quarter, attributed to growth in order bookings, revenue, margins, return on equity (ROE), and the conversion of free cash flow to profit, which has been a significant concern for investors. JPMorgan has also maintained its “Overweight” rating while raising its price target to ₹7,400.
HSBC retained a ‘Hold’ rating but increased its price target for Persistent stock to ₹6,000, highlighting strong growth in the second quarter, enhanced profitability, and a rebound in deal wins. Nomura has maintained a ‘Neutral’ position with a target of ₹5,200, pointing out the company’s overall performance and robust deal pipeline in Q2. It has boosted its earnings forecasts for FY26-28 by 3-5%.
Domestic brokerage Nuvama Institutional Equities said that Persistent Systems is experiencing significant revenue growth even in the face of macroeconomic challenges and uncertainties related to tariffs. This ongoing expansion of margins is driving exceptional earnings growth within the industry, which is likely to result in the stock consistently outperforming its peers.
“We are upgrading FY26E/27 EPS by 3.4%/2.4% on slightly higher margin expectations. We roll forward valuation to 45x (earlier 48x) average of FY27E–28E PE; retain ‘BUY’ with a target price of ₹7,000 (earlier ₹6,600),” said the brokerage.
Persistent Systems share price today
Persistent Systems share price today opened at ₹5,545 apiece on the BSE. The stock touched an intraday high of ₹5,554.80 and an intraday low of ₹5,456.35 per share.
According to Anshul Jain, Head of Research at Lakshmishree, Persistent Systems’ share price is showing strong technical momentum, forming a 49-day long double bottom pattern on the charts. A breakout above ₹5,700 could set off a swift rally toward the ₹6,000– ₹6,100 zone, believes the analysts.
“Today’s pre-breakout session is already drawing intense interest, with volumes surging over 300% above the 50-day average — a clear sign of accumulation ahead of a potential move. Traders should watch the ₹5,700 mark closely; a confirmed breakout with sustained volume could mark the beginning of a fresh uptrend. Persistent looks ready to reassert its leadership within the mid-cap IT space,” he added.
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