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KPIT Technologies Ltd News

KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth

Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins. The Pune-headquartered company's FY24 net profit grew to Rs 598.51 crore from Rs 386.8 crore in the year-ago period. For the reporting quarter, its revenues rose nearly 30 per cent to Rs 1,317.8 crore, while the operating profit margin widened 1.7 per cent to 20.7 per cent. The company announced that it will aim for an 18-22 per cent growth in the topline in the new fiscal, and will get the profit margin number above 20.5 per cent. About the slower revenue growth target for FY25, and if the company is being conservative, its Co-Founder, Chief Executive and Managing Director Kishor Patil told reporters that while it has been consistently showing growth of over 30 per cent in the last four years, it is also true that many changes are happening in the sector and it has taken a "pragmatic" call on the .

KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth
Updated On : 29 Apr 2024 | 7:52 PM IST

KPIT Technologies Q3 results: Net profit jumps 50% to Rs 157 crore

KPIT Technologies on Tuesday reported a 50 per cent rise in net profit at Rs 156.75 crore in the December quarter of this fiscal, helped by a surge in topline and widening of profit margins. The Pune-headquartered company, focused on the automotive sector, had recorded a profit after tax of Rs 104.05 crore in the year-ago period and Rs 141.4 crore in the preceding September quarter, KPIT Technologies said in a regulatory filing. Its revenues grew to Rs 1,256.96 crore from the year-ago period's Rs 917.11 crore, and Rs 1,199 crore in the quarter-ago period. The operating profit margin widened to 20.6 per cent from the year-ago period's 18.5 per cent, which helped in the growth of the overall profits. Co-founder, chief executive and managing director Kishor Patil said the company is on target to achieve the guidance of the revenues growing at 37 per cent in the fiscal on a constant currency basis and will do better than the 20 per cent operating profit growth guidance. He said the de

KPIT Technologies Q3 results: Net profit jumps 50% to Rs 157 crore
Updated On : 30 Jan 2024 | 10:29 PM IST

KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore

KPIT's results are opposite to what some of the larger peers have reported. The firms strategy to focus on the auto segment is paying off

KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore
Updated On : 30 Jan 2024 | 7:54 PM IST