2025-03-30 11:56:47 am | Source: Motilal Oswal Financial Services Ltd
Buy Persistent Systems Ltd For Target Rs. 6,250 by Motilal Oswal Financial Services Ltd
* We expect 4.0% QoQ CC revenue growth. We anticipate growth across key verticals to converge in FY26.
* Margins are expected to remain flat QoQ, supported by steady utilization (83-85%), controlled SG&A investments, absence of wage hikes, and pricing growth.
* Commentaries on the demand environment, Healthcare vertical and recovery in Hi-tech vertical are the key things to monitor.
* Deal wins should be healthy in 4Q. We believe a recovery in Hi-Tech and BFSI verticals could strengthen its portfolio in FY26.
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