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Persistent Systems Share Price Crashes 7% Despite 19% Revenue Growth in Q1 FY26
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Persistent Systems Share Price Crashes 7% Despite 19% Revenue Growth in Q1 FY26
Persistent Systems (NSE: PERSISTENT) got no love from the market on Friday, tumbling over 7% to ₹5,150 despite reporting a 19% jump in revenue for the June quarter. The numbers were solid on the surface, but traders didn’t bite, and the selling came fast. Q1 revenue rose to ₹2,422.5 crore, up from ₹2,033.3 crore a year earlier. Net profit stood at ₹298.5 crore, showing a 10% rise YoY. But the market wasn’t just looking for growth, it wanted mome…
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