IT stock falls 7% after its net profits fall by 69.68% in Q1IT stock falls 7% after its net profits fall by 69.68% in Q1

Introduction:

Leading IT firm posted a net profit of ₹424.93 crore in Q1 FY26, marking a 38.72% year-on-year rise, though it saw a 69.68% decline compared to the previous quarter’s ₹1,400.16 crore.

Also Read: Pharma stock jumps 12.7% after reporting 62% YoY increase in net profits

Share price movement of Persistent Systems:

On July 24, 2025, Persistent Systems Limited opened at ₹5,541.50, down 1.14% from its previous close of ₹5,605.35. The stock hit a high of ₹5,541.50 and a low of ₹5,084.15. By 1:02 PM, it traded at ₹5,210.85, marking a 7.04% decline, with a market capitalization of ₹81,458.59 crore.

Persistent Systems Limited Q1 FY26 Results:

Persistent Systems Limited reported a consolidated net profit of ₹424.93 crore in Q1 FY26, marking a 38.72% year-on-year (YoY) increase from ₹306.42 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis, net profit declined by 69.68% from ₹1,400.16 crore in Q4 FY25.

The company’s revenue from operations stood at ₹3,333.59 crore for the quarter ended 30 June 2025, reflecting a 21.77% YoY growth from ₹2,737.17 crore in Q1 FY25. However, on a QoQ basis, revenue dipped by 6.25% from ₹3,968.71 crore in the previous quarter.

Total income for the quarter was ₹3,388.25 crore, up 22.41% compared to ₹2,767.81 crore in Q1 FY25. Sequentially, total income decreased by 7.07% from ₹4,030.61 crore reported in Q4 FY25.

Recent news on Persistent Systems:

As of May 15, 2025, Persistent Systems Ltd faces concerns as key client UnitedHealth, part of its $100 million-plus category, battles domestic market headwinds, potentially impacting future revenue stability and growth outlook.

Ace investor holding in Persistent Systems:

Shridhar Bhalchandra 

Shridhar Bhalchandra Shukla holds a 1.41% stake in Persistent Systems Ltd, owning 2,203,992 shares valued at ₹1,147.3 crore, reflecting a significant individual ownership in the company.

Stock performance of Persistent Systems for Period of 1 week, 6 months, and 1 year:

Persistent Systems Ltd delivered a 2.02% return over the past week, declined by 11.9% in the past six months, and gained 16.3% over the past year.

Also Read: Defence stock jumps receiving order worth ₹293 Cr from Ministry of Defence

Shareholding pattern of Persistent Systems:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	30.60%	30.70%	30.70%
FII	24.20%	24.40%	24.80%
DII	27.80%	27%	26.30%
Public	17%	17.30%	17.20%
Others	0.60%	0.90%	1.10%

About Persistent Systems:

Persistent Systems Ltd (NSE: PERSISTENT) offers software engineering and digital strategy services, helping businesses modernize operations. It partners with Salesforce and AWS, and develops proprietary software and frameworks for faster integration and execution.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.