Persistent Systems Limited scheduled an additional Institutional Investor interaction in continuation of their earlier intimation (Ref. No.: NSE & BSE / 2026-27 / 132 dated September 23, 2026).

Event Details:

  • Type of Event: One-on-One Institutional Investor interaction
  • Date: Tuesday, September 29, 2026
  • Time: 1:00 PM SGT (Singapore Time)
  • Investor: Norges Bank Investment Management

Purpose and Content:

During the interaction, the Company will reiterate the information contained in the Investor Presentation submitted to stock exchanges on September 19, 2026 (vide Ref No. NSE & BSE / 2026-27 /126). The company explicitly stated that no unpublished price sensitive information (UPSI) is proposed to be shared or discussed during this session.

Management Participants:

The investor presentation listed the following speakers:

  • Executive Director & Chief Executive Officer
  • Vinit Teredesai, Executive Director & Chief Financial Officer
  • Sandeep Kalra
  • Saurabh Dwivedi, Corporate Vice President, Finance & Strategy
  • Rahul Ravi, Deputy General Manager, Corporate Development

Financial Highlights from Presentation:

The enclosed investor presentation contained significant financial and operational data:

  • Q1 FY27 PAT Margin: 11.2% (+13.7% improvement)
  • Q1 FY27 Revenue: $452 million
  • QoQ Growth: 3.76%
  • YoY Growth: 16.07%
  • 25 consecutive quarters of sequential revenue growth since FY2021
  • Relative outperformance vs Indian IT peers: 12.63% YoY (peers at 3.44%)
  • Client concentration: Top 10 clients represented 39.0% of total revenue in Q1FY27

Strategic Acquisition Announcement:

The presentation detailed the proposed acquisition of Nagarro SE:

  • Enterprise Value: ~€1.27 billion
  • Price: €81 per share in cash
  • Premium: ~140% to undisturbed closing price (June 25, 2026), ~94% to three-month VWAP
  • Valuation: 1.27X EV/CY25 Revenue; 9.19X EV/CY25 Adjusted EBITDA
  • Persistent has already secured ~21% stake via share purchase agreement
  • Minimum acceptance threshold for open offer: 50% + 1 share
  • Nagarro financials: CY2025 Revenue €999.3M (2.8% YoY growth), CY2025 Adjusted EBITDA €138.2M (13.8% margin)
  • Nagarro employs 18,003 professionals across 38 countries

Additional Notes Section

The disclosure included an enclosed Investor Presentation (September 2026) that contained comprehensive financial and strategic information. The presentation included forward-looking statements, cautionary notes about non-GAAP financial measures, and detailed information about the proposed Nagarro acquisition. The document explicitly contained financial data including revenue figures, growth rates, margin performance, and acquisition details.