Event Type: The company held one-on-one meetings with Institutional Investors on Thursday, September 24, 2026.
Date & Time: The meetings were held throughout the day on September 24, 2026, in Indian Standard Time (IST). The specific schedule was: Motilal Oswal Mutual Fund (9:00 AM), 360 One (10:30 AM), Axis Mutual Fund (12:00 PM), HDFC Mutual Fund (2:15 PM), and Aditya Birla Sun Life Mutual Fund (3:45 PM). A scheduled meeting with Canara Robeco Mutual Fund was cancelled.
Purpose: The interaction was held pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The company reiterated the information contained in the Investor Presentation submitted to the stock exchanges on September 19, 2026 (Ref No. NSE & BSE / 2026-27 / 126).
Management Participants: The presentation listed the following speakers: Sandeep Kalra (Executive Director & Chief Executive Officer), Vinit Teredesai (Executive Director & Chief Financial Officer), Saurabh Dwivedi (Corporate Vice President, Finance & Strategy), and Rahul Ravi (Deputy General Manager, Corporate Development).
Presentation Availability: A copy of the Investor Presentation was enclosed with the disclosure.
UPSI Statement: The company explicitly stated that no unpublished price sensitive information (UPSI) was shared or discussed during these sessions.
Financial & Strategic Highlights from enclosed Presentation
Financial Period Discussed: Q1 FY27 (Quarter ending June 30, 2026) and Trailing Twelve Months (TTM) performance.
Q1 FY27 Financials: Revenue was $452M, growing 16.1% YoY and 3.76% QoQ. EBIT Margin was 32.7%. PAT Margin was 13.7% YoY. TTM Revenue was $1,717.1M, growing 16.8% YoY.
Market Position: The company highlighted its outperformance versus listed Indian IT peers, with a QoQ growth outperformance of 3.24% and a YoY outperformance of 12.63% for Q1 FY27. It claimed to be the only publicly listed Indian IT services company with 25 consecutive quarters of sequential revenue growth.
Strategic Update - Nagarro Acquisition: Persistent Systems has entered into a Business Combination Agreement to acquire 100% of Nagarro SE. The agreed Enterprise Value is approximately €1.27 billion, based on a cash offer of €81 per share. This represents a premium of ~140% to Nagarro's undisturbed closing price on June 25, 2026. Persistent has already secured a ~21% stake via a share purchase agreement. The transaction values Nagarro at 1.27x CY2025 Revenue and 9.19x CY2025 Adjusted EBITDA. The minimum acceptance threshold for the subsequent voluntary public takeover offer is 50% + 1 share. The management boards of both companies fully support the transaction.
Rationale for Acquisition: The acquisition is presented as a highly complementary strategic fit. Nagarro, a €999.3M (CY2025) digital engineering business headquartered in Germany, provides a scaled European footprint and diversifies Persistent's geographic revenue base (currently heavily weighted towards North America). It also adds capabilities in verticals like Automotive, Manufacturing, Industrials, and Retail, and expands offerings in AI, digital product design, ERP, and CX.
Additional Notes Section
Attachments: The regulatory filing included the full Investor Presentation deck as an enclosure.
Financial Data: The announcement itself did not contain new financial data; it referred to the previously submitted presentation which contained extensive financial and operational details, including the Q1 FY27 results and the Nagarro acquisition metrics.
