Persistent Systems Q4 results: PAT up 33% in FY26

What Persistent Systems reported on April 21

Persistent Systems announced its January to March quarter results for the financial year 2025-26 on Tuesday, April 21, according to stock exchange filings. The midcap IT firm reported a sharp year-on-year improvement in profitability, alongside healthy revenue growth. The board also considered and recommended a final dividend for shareholders, subject to approval at the company’s upcoming Annual General Meeting (AGM). The update mattered to investors because it combined earnings growth with a higher full-year dividend per share compared with the previous year. The filings also included sequential (quarter-on-quarter) comparisons, showing continued momentum into the March quarter.

Q4 FY26 profit rises to ₹529 crore

Persistent Systems reported consolidated net profit (PAT) of ₹529 crore for the March quarter (Q4 FY26), a 33% rise from ₹395 crore in the same quarter of the previous financial year. On a sequential basis, the company said net profit rose 20% in the March quarter. A separate figure in the provided details also puts the immediately preceding quarter’s net profit at ₹439.4 crore, implying a 20.4% quarter-on-quarter increase to ₹529 crore. The reported PAT was slightly below the CNBC-TV18 estimate of ₹535 crore, as cited in the text.

Revenue grows 25% year-on-year to ₹4,056 crore

Revenue from operations in Q4 FY26 rose 25% year-on-year to ₹4,056 crore, compared with ₹3,242 crore in the year-ago quarter, based on the exchange filing. Sequentially, revenues were reported up 7.3%. The provided details also state revenue rose 7.4% from ₹3,778 crore in the previous quarter to ₹4,056 crore. Against estimates, revenue was higher than the cited projection of ₹3,973 crore.

In dollar terms, revenue was reported at $136 million, up 3.1% sequentially, but marginally below the cited estimate of $138 million. Constant currency revenue growth for the quarter was stated at 3.4%, compared with an estimate of 3.8%.

Operating performance: EBIT and margin improve

The details provided indicate EBIT rose 21.4% to ₹659 crore from ₹543 crore in the previous period cited. EBIT was below the estimate of ₹671 crore. EBIT margin improved to 16.3% from 14.4%, though it was also below the cited estimate of 16.9%. These figures point to better operating leverage in the quarter, even as the company fell short of some headline forecasts in the market.

EPS increases to ₹33.83

Persistent Systems’ earnings per share (EPS) for the March quarter rose to ₹33.83, compared with ₹25.64 in the same period a year ago. The EPS increase aligns with the year-on-year growth in consolidated net profit. The filings referenced in the text attribute the comparison to consolidated financial statements.

Final dividend: ₹18 per share, subject to AGM approval

Persistent Systems’ board recommended a final dividend of ₹18 per equity share for FY 2025-26. The filing specified the equity share face value as ₹5. The recommendation is subject to shareholder approval at the upcoming AGM. The text also notes that the record date and payment-related details will be communicated later.

The provided details add that the final dividend recommendation takes the total dividend for the full year to ₹40 per share, compared with ₹35 per share in the previous year. The same section also states the dividend will be implemented after shareholder approval at the 36th AGM.

What the filings say about the record date

The exchange filing cited in the text states the record date for the dividend and related payment details will be communicated later. The article text also explains that shareholders will receive the dividend for shares held up to 24 hours ahead of the predetermined record date fixed by the firm, once it is announced. This is relevant for investors tracking eligibility timelines.

Stock move and key market metrics mentioned

Persistent Systems shares closed 0.88% higher at ₹5,369, according to the provided market update. The stock rose 13.64% over the past one month, while it delivered about a 7% negative return over the past six months, as stated.

The provided snapshot also listed several metrics: market capitalisation of ₹76,796 crore, ROE of 23.30%, P/E (TTM) of 44.35, EPS (TTM) of 109.77, P/B of 10.74, dividend yield of 0.71%, industry P/E of 19.77, and book value of 453.13.

Key numbers at a glance

Dividend history context mentioned in the data

The provided dividend table shows that in FY25, Persistent Systems declared a final dividend of ₹15 per share (effective date July 14, 2025) and an interim dividend of ₹20 per share (effective date Jan 31, 2025). Separately, the text also notes that a final dividend of ₹15 per share for the financial year ended March 31, 2025 took the total dividend payout for that fiscal year to ₹35 per share. For FY26, the provided details state the total dividend for the year becomes ₹40 per share after the recommended final dividend of ₹18 per share.

Why this update matters for investors

The Q4 FY26 filing combines double-digit year-on-year growth in both profit and revenue with an improved operating margin in the details cited. The dividend recommendation also signals a higher full-year payout per share compared with the previous year’s total cited in the text. At the same time, the filings and the estimates referenced show that some line items, including PAT and EBIT, were slightly below the market expectations cited.

Conclusion

Persistent Systems reported Q4 FY26 consolidated PAT of ₹529 crore, up 33% year-on-year, with revenue from operations rising 25% to ₹4,056 crore. The board also recommended a ₹18 per share final dividend for FY26, subject to shareholder approval at the upcoming AGM, while the record date is to be communicated later through stock exchange filings.