Persistent Systems Shares Fall 4% Despite Q3 Profit Rise; SRF Tumbles 5%

• Persistent Systems shares dropped over 4% to a six-week low after Q3 FY26 results, despite an 18% YoY net profit increase to Rs 439.45 crore.
• SRF shares tumbled more than 5% to a nine-month low of Rs 2,730.10 apiece, even as its Q3 FY26 net profit rose 60% YoY to Rs 432.66 crore.
• Persistent Systems' revenue from operations grew 23% YoY to Rs 3,778.2 crore, while SRF's revenue increased 6% YoY to Rs 3,712.53 crore, missing estimates.
• Brokerages like JM Financial and Choice Institutional Equities maintained 'Buy'/'Add' ratings for Persistent Systems, citing strong execution and AI-led modernization.
• Concerns for SRF include constrained medium-term growth due to elevated refrigerant prices, Chinese pricing pressure, and weakness in agri-chem.

Why It Matters: Persistent Systems and SRF shares fell post-Q3 results despite profit growth, driven by valuation concerns and market pressures.