Persistent Systems Q2 FY27: revenue up 20.0% YoY to USD 487.6M; PAT down 25.4% on Nagarro acquisition costs
Q2 FY27 revenue USD 487.6M, up 7.8% QoQ and 20.0% YoY; EBIT margin 15.0%; PAT down 25.4% YoY on Nagarro exceptional costs.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- USD 487.6M, up 7.8% QoQ and 20.0% YoY
- EBIT Margin
- 15.0% versus 16.3% a year earlier
- PAT
- down 25.4% YoY to ₹3,515.1 M after exceptional Nagarro acquisition expenses of ₹1,853.4 M
- Period
- Q2 FY27
- Positioning
- Persistent describes itself as a global digital engineering firm of 36+ years pivoting to AI-led, platform-driven services, with about 81% of revenue from North America.
📉 Q2 FY27 revenue was USD 487.6M (₹46,639.0 M), up 7.8% QoQ and 20.0% YoY, the 26th sequential quarter of growth. EBIT margin was 15.0% versus 16.3% a year earlier, and PAT fell 25.4% YoY to ₹3,515.1 M after exceptional Nagarro acquisition expenses of ₹1,853.4 M.
📈 The company positions itself as a digital engineering leader in a sixth phase of AI-led, platform-driven services; Software, Hi-Tech & Emerging Industries was 42.8% of Q2 revenue and North America 81.4%.
📈 Management states it has secured about 94.04% of Nagarro and obtained shareholder approval for an equity raise of up to USD 450M within a USD 1,250M combined financing cap, replacing a €1.4B bridge loan. The company says the deal is expected to be cash EPS accretive in year one, excluding ~USD 50M one-time costs.
🎯 The presentation says the funding mix of debt, QIP equity and FCCBs implies ~4.9% dilution and net debt/EBITDA ~1.7x versus ~2.7x all-debt, describing these as illustrative workings, not guidance.
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Q2 FY27 call: revenue USD 487.6 million, EBIT margin 15%, order book USD 633.5 million
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Persistent Systems QIP of 4,260 crore rupees opened, stock flat
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More numbers
- Revenue, Q2 FY27USD 487.6M
- Revenue growth YoY, Q2 FY2720.0%
- Revenue growth QoQ, Q2 FY277.8%
- Revenue (₹ M), Q2 FY2746,639.0 (₹ M)
- EBIT margin, Q2 FY2715.0%
- PAT, Q2 FY273,515.1 (₹ M)
- PAT change YoY, Q2 FY27-25.4%
- Exceptional expenses – Nagarro acquisition, Q2 FY27(1,853.4) (₹ M)
- Revenue (₹ M), H1 FY2789,671.3 (₹ M)
- PAT, H1 FY278,345.6 (₹ M)
- Nagarro share capital secured94.04%
- Illustrative dilution from equity raise~4.9%
- Market cap, Sept 30 2026~₹83,276 Cr
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