🔴 Persistent Systems is trading 4.7% down as Q2 profit fell 25.4% year over year

Persistent Systems is trading 4.7% down at INR 5,564.50 after reported Q2 FY27 profit fell 25.4% year over year.

• Q2 FY27 results were announced after the October 15 close. Reported profit included a ₹185.34 crore exceptional charge related to the proposed Nagarro acquisition.
• Revenue grew 30.3% in rupee terms, while EBIT margin narrowed to 15% from 16.3% a year earlier.
• Broader technology-sector weakness may add pressure, though earnings are the clearer company-specific catalyst.