From mint · Vaamanaa Sethi · · 1m 30s
Persistent Systems share price drops 5% after Q2 results
Persistent Systems shares fell 5% after Q2 results showed profit drop due to acquisition costs.
In brief
Persistent Systems shares fell 5% after Q2 results showed profit drop due to acquisition costs. Persistent Systems shares dropped 5% after Q2 results showed profit decline from acquisition costs. Originally reported by mint.
Persistent Systems share price
Persistent Systems share price opened at ₹ 5,600 per share today, as compared to previous close of ₹ 5,840 on Thursday and touched an intraday low of ₹ 5,492 on 16 October.
Q2 results 2026
Persistent Systems reported a 5% year-on-year rise in consolidated profit after tax to ₹ 495.15 crore in Q2 FY27, but reported PAT declined 25.4% to ₹ 351.51 crore after an exceptional expense of ₹ 185.
Revenue growth
Revenue from operations increased 20.8% year-on-year in constant currency terms, rose 30.3% to ₹ 4,663.9 crore in rupee terms, and grew 20% to $487.6 million in dollar terms.
Earnings metrics
Earnings per share declined 26% to ₹ 22.40, EBIT rose 19.5% year-on-year to ₹ 697.72 crore, but EBIT margin contracted to 15% from 16.3%.
Analyst views
Kantilal Chhaganlal Securities VP Mahesh M Ojha recommends holding with stop-loss at ₹ 5,380, targeting ₹ 5,825, ₹6,150 if bullish momentum sustains.
Choice Broking rating
Choice Broking assigned 'add' rating with target price of ₹ 6,120, valuing stock at 30x FY28&29E EPS, noting PSYS trades at ~20% premium to Coforge.
Lemonn analysis
Lemonn Head Gaurav Garg advises holding with risk management, noting ₹ 5,425, ₹5,475 as key support and ₹ 5,950, ₹6,000 as resistance zone.
The key point
Persistent Systems shares dropped 5% after Q2 results showed profit decline from acquisition costs.
