Persistent Systems Q2 profit jumps ~45% YoY on cost control and forex tailwinds

Persistent Systems posted a strong Q2, with net profit up ~45% year-on-year to ₹471 crore, aided by cost optimization and favorable forex movements. Sequentially, the profit also rose ~10.9%. Revenue growth came from stable deals in product engineering and domain verticals. The margin expansion suggests improved operating leverage and project execution discipline. Investors will monitor whether the uptick is sustainable, given global tech spending constraints and competitive pressures. The stock reacted positively amid broader IT strength.