Integrated Filing — IndAS



General information about company

Scrip Code 533179
NSE Symbol PERSISTENT
MSEI Symbol NOTLISTED
ISIN INE262H01021
Name of company Persistent Systems Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Single segment
Start date and time of board meeting 14-10-2025   08:30:00
End date and time of board meeting 14-10-2025   15:29:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 21-01-2025
Indicate Company website link for updated RPT policy of the Company https://www.persistent.com/investors/corporate-governance/policy-on-related-party-transactions/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 3,49,294.70 6,75,103.10
Other income 4,563.50 9,750.80
Total income 3,53,858.20 6,84,853.90
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2,36,155.50 4,60,204.70
(e) Finance costs 1,511.40 2,935.10
(f) Depreciation, depletion and amortisation expense 6,582.50 12,731.80
(f) Other Expenses
1 Travelling and conveyance 2,364.10 5,340.10
2 Purchase of software licenses and support expenses 17,118.90 32,336.90
3 Selling and marketing expenses 19,598.10 43,467.90
4 Internet link expenses 216.70 507.50
5 Recruitment expenses 611.90 1,228.90
6 Legal and professional fees 1,695.00 3,722.40
7 Rent 0.00 236.00
8 Corporate social responsibility expenditure 482.10 1,036.70
9 Training and seminars 308.80 707.80
10 Others 4,625.90 7,905.30
Total other expenses 47,021.50 96,489.50
Total expenses 2,91,270.90 5,72,361.10
3 Total profit before exceptional items and tax 62,587.30 1,12,492.80
4 Exceptional items 0.00 0.00
5 Total profit before tax 62,587.30 1,12,492.80
6 Tax expense
7 Current tax 16,515.30 29,537.70
8 Deferred tax (399.80) (915.30)
9 Total tax expenses 16,115.50 28,622.40
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 46,471.80 83,870.40
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 46,471.80 83,870.40
17 Other comprehensive income net of taxes (6,799.20) (5,236.00)
18 Total Comprehensive Income for the period 39,672.60 78,634.40
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 7,820.00 7,820.00
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 29.71 53.66
Diluted earnings (loss) per share from continuing operations 29.71 53.66
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 29.71 53.66
Diluted earnings (loss) per share from continuing and discontinued operations 29.71 53.66
24 Debt equity ratio 0.00 0.00
25 Debt service coverage ratio 0.00 0.00
26 Interest service coverage ratio 0.00 0.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Due to character limitation in filling the notes in this tab, please refer to our submission under Ref. No. NSE & BSE / 2025-26 / 144 dated October 14, 2025, which covers the financial results under Regulation 33 of the SEBI (LODR) Regulations, 2015, including notes thereto.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 36,683.50
Capital work-in-progress 764.50
Investment property 0.00
Goodwill 6,049.00
Other intangible assets 48,560.70
Intangible assets under development 13,234.10
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 1,49,456.60
Trade receivables, non-current 2,154.90
Loans, non-current 33,700.00
Other non-current financial assets 7,633.90
Total non-current financial assets 1,92,945.40
Deferred tax assets (net) 6,748.90
Other non-current assets 15,388.80
Total non-current assets 3,20,374.90
2 Current assets
Inventories 0.00
Current financial asset
Current investments 63,044.10
Trade receivables, current 2,74,592.90
Cash and cash equivalents 66,676.90
Bank balance other than cash and cash equivalents 17,828.60
Loans, current 0.00
Other current financial assets 1,71,599.00
Total current financial assets 5,93,741.50
Current tax assets (net) 0.00
Other current assets 1,05,652.70
Total current assets 6,99,394.20
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 10,19,769.10
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 7,820.00
Other equity 6,54,337.50
Total equity attributable to owners of parent 6,62,157.50
Non controlling interest
Total equity 6,62,157.50
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 19,871.30
Total non-current financial liabilities 19,871.30
Provisions, non-current 1,990.10
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 287.10
Total non-current liabilities 22,148.50
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 191.20
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,12,845.90
Total Trade payable 2,13,037.10
Other current financial liabilities 50,305.90
Total current financial liabilities 2,63,343.00
Other current liabilities 49,415.40
Provisions, current 12,287.70
Current tax liabilities (Net) 10,417.00
Deferred government grants, Current 0.00
Total current liabilities 3,35,463.10
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 3,57,611.60
Total equity and liabilites 10,19,769.10
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit liabilities / asset (net of taxes) 17080000 50800000
Total Amount of items that will not be reclassified to profit and loss 170.80 508.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Effective portion of cash flow hedge (net of taxes) -697000000 -574400000
Total Amount of items that will be reclassified to profit and loss (6,970.00) (5,744.00)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (6,799.20) (5,236.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,12,492.80
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,600.60
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (34,618.30)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (30,048.70)
Adjustments for decrease (increase) in other non-current assets 1,589.90
Adjustments for other financial assets, non-current (218.30)
Adjustments for other financial assets, current (90,090.50)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,38,674.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 12,731.80
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 3,064.80
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (2,082.10)
Adjustments for dividend income 0.00
Adjustments for interest income 3,558.50
Adjustments for share-based payments 462.00
Adjustments for fair value losses (gains) (2,939.90)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 3,512.30
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,920.90)
Net cash flows from (used in) operations 1,10,571.90
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 23,697.90
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 86,874.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 103.30
Purchase of property, plant and equipment 10,205.30
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 3,420.20
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (18,627.30)
Net cash flows from (used in) investing activities (25,309.10)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 1,739.70
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 7,114.40
Dividends paid 23,460.00
Interest paid 2,537.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 67.50
Net cash flows from (used in) financing activities (31,304.90)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 30,260.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 92.10
Net increase (decrease) in cash and cash equivalents 30,352.10
Cash and cash equivalents cash flow statement at beginning of period 36,324.80
Cash and cash equivalents cash flow statement at end of period 66,676.90





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Persistent Systems Limited Dr. Anand Deshpande, Chairman and Managing Director Key management personnel, Promoter of entity or parent Dividend paid 6,859.20 Yes 0.00 0.00 0.00
2 Persistent Systems Limited Dr. Anand Deshpande, Chairman and Managing Director Key management personnel, Promoter of entity or parent Remuneration 208.00 Yes 0.00 0.00 0.00
3 Persistent Systems Limited Mr. Sandeep Kalra, Executive Director and Chief Executive Officer Key management personnel Dividend paid 97.50 Yes 0.00 0.00 0.00
4 Persistent Systems Limited Mr. Sandeep Kalra, Executive Director and Chief Executive Officer Key management personnel Remuneration 15.80 Yes 0.00 0.00 0.00
5 Persistent Systems, Inc., USA Mr. Sandeep Kalra, Executive Director and Chief Executive Officer Key management personnel Remuneration 1,792.80 Yes 0.00 0.00 0.00
6 Persistent Systems, Inc., USA Mr. Sandeep Kalra, Executive Director and Chief Executive Officer Key management personnel Any other transaction Share based payment 36,614.50 Yes 0.00 0.00 0.00
7 Persistent Systems Limited Mr Vinit Teredesai Key management personnel Remuneration 785.80 Yes 0.00 0.00 0.00
8 Persistent Systems Limited Mr. Amit Atre, Company Secretary Key management personnel Dividend paid 0.90 Yes 0.00 0.00 0.00
9 Persistent Systems Limited Mr. Amit Atre, Company Secretary Key management personnel Remuneration 37.00 Yes 0.00 0.00 0.00
10 Persistent Systems Malaysia Sdn. Bhd. Mr. Azlin Ghazali, Director Key Managerial Personnel (Subsidiary) Remuneration 71.00 Yes 0.00 0.00 0.00
11 Persistent Systems France SAS Mr. Arnaud Pierrel, Director General Key Managerial Personnel (Subsidiary) Remuneration 107.00 Yes 0.00 0.00 0.00
12 Persistent Systems Limited UK Mr. Rajasekar Sukumar, Director Key Managerial Personnel (Subsidiary) Remuneration 201.90 Yes 0.00 0.00 0.00
13 Persistent Systems Limited UK Simon Nicholas LLOYD-JENKINS Key Managerial Personnel (Subsidiary) Remuneration 89.60 Yes 0.00 0.00 0.00
14 Persistent Systems France SAS Mr. Bruno Orsier, Director Key Managerial Personnel (Subsidiary) Remuneration 4.50 Yes 0.00 0.00 0.00
15 Persistent Systems, Inc., USA Mr. Thomas Klein, Director Key Managerial Personnel (Subsidiary) Remuneration 275.10 Yes 0.00 0.00 0.00
16 Persistent Systems Limited Mrs. Sulabha Suresh Deshpande Promoter Group Dividend paid 0.20 Yes 0.00 0.00 0.00
17 Persistent Systems Limited Mr. Praveen Kadle Independent Director Any other transaction Sitting fees and Commission 45.30 Yes 0.00 0.00 0.00
18 Persistent Systems Limited Mr. Arul Deshpande Promoter Group Dividend paid 3.00 Yes 0.00 0.00 0.00
19 Persistent Systems Limited Mr. Suresh Deshpande Promoter Dividend paid 0.20 Yes 0.00 0.00 0.00
20 Persistent Systems Limited Mrs. Sonali Anand Deshpande Promoter Group Dividend paid 33.60 Yes 0.00 0.00 0.00
21 Persistent Systems Limited Mrs. Chitra Buzruk Promoter Group Dividend paid 140.80 Yes 0.00 0.00 0.00
22 Persistent Systems, Inc., USA Mr. Rajiv Korpal Key Managerial Personnel (Subsidiary) Remuneration 138.10 Yes 0.00 0.00 0.00
23 Persistent Systems Costa Rica Limitada Ms. Vanessa Hernandez Carrera Key Managerial Personnel (Subsidiary) Remuneration 31.80 Yes 0.00 0.00 0.00
24 Persistent Systems Limited Ms. Avani Davda Independent Director Any other transaction Sitting fees and Commission 44.80 Yes 0.00 0.00 0.00
25 Persistent Systems Limited Mr. Arvind Goel Independent Director Any other transaction Sitting fees and Commission 43.80 Yes 0.00 0.00 0.00
26 Persistent Systems Limited Dr. Ambuj Goyal Independent Director Any other transaction Sitting fees and Commission 43.30 Yes 0.00 0.00 0.00
27 Persistent Systems Limited Mr. Dan’l Lewin Independent Director Any other transaction Sitting fees and Commission 42.00 Yes 0.00 0.00 0.00
28 Persistent Systems Limited Prof. Ajit Ranade Independent Director Any other transaction Sitting fees and Commission 45.50 Yes 0.00 0.00 0.00
29 Persistent Systems Limited Ms. Anjali Joshi Independent Director Any other transaction Sitting fees and Commission 41.80 Yes 0.00 0.00 0.00
30 Digitalagility S de RL de CV, Mexico Boon Ng Key Managerial Personnel (Subsidiary) Remuneration 38.40 Yes 0.00 0.00 0.00
31 Persistent Systems, Inc., USA Mr. Pravin Tarde Key Managerial Personnel (Subsidiary) Remuneration 116.10 Yes 0.00 0.00 0.00
32 Persistent Systems France SAS Mr. Bisquer, Hervé Key Managerial Personnel (Subsidiary) Remuneration 120.20 Yes 0.00 0.00 0.00
33 Persistent Systems Limited Vinit Ajit Teredesai Key management personnel Dividend paid 1.20 Yes 0.00 0.00 0.00
34 Persistent Systems Limited Mr. Mukund Deshpande Promoter Group Dividend paid 120.00 Yes 0.00 0.00 0.00
35 Persistent Systems Limited Ms. Alpana Ajit Ranade Wife of Independent Director Dividend paid 0.10 Yes 0.00 0.00 0.00
36 Persistent Systems Limited Ms. Ria Anand Deshpande Promoter Group Dividend paid 3.00 Yes 0.00 0.00 0.00
Total value of transaction during the reporting period 0.00