Company and Document Details

Investor Meeting Schedule Update

In continuation of previous intimations (Ref. No. NSE & BSE / 2026-27 / 124 dated September 18, 2026 and NSE & BSE / 2026-27 / 126 dated September 19, 2026), Persistent Systems Limited provides the following updates:

Additional Institutional Investor Sessions:

  • HDFC Mutual Fund: Thursday, September 24, 2026 at 2:15 PM IST (One-on-One)
  • SBI Mutual Fund: Friday, September 25, 2026 at 8:00 AM IST (One-on-One)

Rescheduled Investor Session:

  • UTI Mutual Fund: Friday, September 25, 2026 at 9:15 AM IST (One-on-One)

During these sessions, the company will reiterate information contained in the Investor Presentation submitted to stock exchanges on September 19, 2026 (Ref No. NSE & BSE / 2026-27 /126). The company explicitly states that no unpublished price sensitive information will be shared or discussed during these sessions.

Investor Presentation Content Summary

Financial Performance Highlights (Q1 FY27)

  • Revenue: $452.4 million, representing 16.1% YoY growth
  • EBIT Margin: 16.0%, showing 32.7% YoY improvement
  • PAT Margin: 11.2%, showing 13.7% YoY improvement
  • TTM Revenue: $1,717.1 million, representing 16.8% YoY growth
  • Employee Count: 28,640 professionals (as of June 30, 2026)
  • Market Capitalization: $9.3 billion

The company highlights its outperformance relative to Indian IT peers, with Q1 FY27 YoY growth of 16.07% compared to peer average of 3.44%, representing 12.63% relative outperformance.

Client Base and Concentration

  • Serves 18 of 50 Fortune 50 companies
  • Client concentration: Top 10 clients represent 40.9% of total revenue (as of Q1 FY27)
  • Growing large client relationships across multiple engagement sizes ($1M+, $5M+, $10M+, $20M+, $75M+)

Nagarro Acquisition Details

Transaction Structure:

  • Persistent has agreed to acquire 100% of Nagarro SE at an Enterprise Value of approximately €1.27 billion
  • Purchase price: €81 per share in cash
  • Premium of ~140% to undisturbed closing price on June 25, 2026
  • Premium of ~94% to three-month volume-weighted average price
  • Valuation multiples: 1.27x EV/CY25 Revenue; 9.19x EV/CY25 Adjusted EBITDA

Current Status:

  • Persistent has already secured ~21% stake in Nagarro via share purchase agreement
  • Management Board has expressed intent to tender their shares into the open offer
  • Both Nagarro Boards (Supervisory Board and Management Board) fully support the transaction
  • Signed Business Combination Agreement (BCA)
  • Minimum acceptance threshold for open offer: 50% + 1 share (excluding treasury shares)

Nagarro Business Overview (CY2025):

  • Revenue: €999.3 million with 2.8% YoY growth
  • Adjusted EBITDA: €138.2 million with 13.8% margin
  • Employee Base: 18,003 professionals across 38 countries (13,145 in India, 1,100 in Germany, 831 in Romania, 558 in US, 502 in Philippines)
  • Client Base: Over 1,000 clients across 72 countries
  • Industry Focus: Automotive, Manufacturing and Industrial, Retail and CPG, Financial Services and Insurance, Travel and Logistics

Strategic Rationale:

  • Creates new dimension of scale with combined engineering talent and extensive international delivery network
  • Expanded capabilities in AI, digital, product design, ERP and CX capabilities
  • Geographic diversification with expanded presence across Europe, Middle East and Asia
  • Broader vertical depth across BFSI, TMT, HLS, Industrials, Retail and Public Sector
  • Strong cultural fit with engineering-first culture and entrepreneurial ethos

Forward-Looking Statements and Disclaimers

The presentation contains forward-looking statements subject to risks and uncertainties including fluctuations in earnings, ability to manage growth, intense competition, dependence on US customers, wage increases in India, ability to attract professionals, contract overruns, client concentration, immigration restrictions, international operations management, and general economic conditions.

The company notes that the presentation contains non-GAAP financial measures (EBIT, EBIT Margin, EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin) that are not standard measures under Ind AS or IFRS but are used as indicators of the company's ability to service and incur debt.