Persistent Share Price: Pune-based IT firm Persistent Systems witnessed a sharp jump in its share price on Tuesday, rising nearly 7 per cent to Rs 5,660, following a robust financial performance for the second quarter of FY26.
The Tier II IT company reported a consolidated net profit of Rs 471 crore for the quarter ended September 30, marking a 10.8 per cent increase from the previous quarter.
Its revenue also grew sequentially by 7.4 per cent to Rs 3,581 crore, surpassing analysts’ expectations.
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Q2 Results Above Estimates
According to Zee Business research, Persistent Systems was expected to register a net profit of Rs 450 crore with revenue of Rs 3,531 crore for the quarter.
The company outperformed these estimates comfortably, with its marg