What was Persistent Systems' Q3 FY26 revenue?

Persistent Systems' revenue for Q3 FY26 was ₹3,778.2 crore, a 5.5% increase sequentially.

Why did Persistent Systems' margins decrease?

Margins were impacted by a one-time ₹89 crore expense related to new labor codes.

How is Persistent Systems using Agentic AI?

Persistent Systems is using Agentic AI internally to enhance its own productivity and accelerate adoption.

Home / Business and Economy / Persistent Systems Sees Steady Growth Amid Margin Pressure

Persistent Systems Sees Steady Growth Amid Margin Pressure

20 Jan

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Summary

Persistent Systems achieved 23 consecutive quarters of revenue expansion.
Revenue grew 5.5% sequentially to ₹3,778.2 crore in Q3 FY26.
Agentic AI is being applied internally to boost productivity.

Persistent Systems Sees Steady Growth Amid Margin Pressure

Persistent Systems has once again demonstrated consistent financial performance, achieving its 23rd consecutive quarter of revenue growth. In the third quarter of fiscal year 2026, the company reported a 5.5% sequential increase in revenue, reaching ₹3,778.2 crore.

However, this growth was accompanied by a dip in net profit by 6.7% QoQ to ₹439.4 crore. The EBITDA margin also saw a decrease, settling at 14.4% compared to 16.3% in the prior quarter. This margin compression was attributed to a one-time impact of ₹89 crore related to the implementation of new labor codes.

Despite margin pressures, the company's dollar revenue saw a 4% sequential increase, amounting to $422.5 million. The board has declared an interim dividend of ₹22 per share. CEO Sandeep Kalra highlighted the company's deepening role in client programs and sustained demand across data, cloud, and digital engineering services.