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Persistent Systems' profit dips despite revenue rise
20 Jan
Summary
- Consolidated net profit fell 6.79% to Rs 439.4 crore in Q3 FY26.
- Revenue from operations rose 5.52% QoQ to Rs 3778.20 crore.
- An interim dividend of Rs 22 per share was declared for FY26.
Persistent Systems announced its Q3 FY26 financial results, revealing a 6.79% decrease in consolidated net profit to Rs 439.4 crore. This profit dip occurred even as revenue from operations climbed 5.52% sequentially to Rs 3778.20 crore.
On a year-on-year basis, both net profit and revenue showed significant jumps of 17.82% and 23.38%, respectively. Excluding a one-time impact of Rs 89.02 crore from new labor code charges, EBIT saw a robust 38.6% increase.
The company's chief executive highlighted 23 consecutive quarters of revenue growth and an EBIT margin of 16.7% (excluding the one-time impact). The board declared an interim dividend of Rs 22 per equity share.
In strategic moves, Persistent Systems approved the transfer of its German and French subsidiaries to Aepona Group, Ireland, aiming for entity rationalization and operational efficiency.
