Page 2 - Kpit Technologies

KPIT Technologies Q1 net up 2.5 times YoY to Rs 60 cr, revenue up 15%

Firm silent on attrition rate during the quarter, though it does see it rising before stabilising

We want to reimagine mobility, be the leader: KPIT Chairman Ravi Pandit

In this interview, Pandit talks about the shift the auto sector is seeing due to the pandemic, the rising demand for autonomous vehicles, and KPIT's trajectory on global automakers' digital road map

KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4

The Pune-based IT services firm reported net profit of Rs 47 crore for the fourth quarter ended March 31, 2021 up 23.6 per cent year-on-year

KPIT Q4 net profit rises 23.6% YoY to Rs 47 cr, revenue dips 3.8%

The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues

KPIT Technologies soars 19%, hits new high on heavy volumes

In the past one month, the stock has zoomed 49 per cent, as compared to 1.3 per cent decline in the S&P BSE Sensex

KPIT Technologies surges 12%, hits record high in a weak market

On March 10, Kishor Patil, the promoter of KPIT Technologies had sold 6.05 million equity shares, worth Rs 94 crore, of the company via block deals

KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter

Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.

KPIT technologies posts 22.5% decline in Q2 net profit to Rs 28 cr

Tech firm KPIT Technologies on Wednesday posted a 22.5 per cent fall in its consolidated net profit to Rs 27.8 crore for the quarter ended September 2020. The company had reported a net profit (attributable to owners of the company) of Rs 35.9 crore in the year-ago period, KPIT Technologies said in a regulatory filing. Its revenue from operations declined 10.7 per cent to Rs 485.4 crore for the quarter under review as compared to Rs 544 crore in the year-ago period, it added. On sequential basis, net profit was higher by 15.8 per cent from Rs 24 crore, while revenue from operations was lower by 1.4 per cent from Rs 492.7 crore in the April-June 2020 quarter. "The revenue for the quarter was in line with our expectation and we delivered better on profitability," KPIT Co-founder, CEO and MD Kishor Patil said. Change in revenue mix helped grow volumes and the company expects offshoring to increase for a couple of quarters, he added. "Despite rupee appreciation, we increased operatin

KPIT Tech rallies 30% in 2 weeks, hits record high as promoters hike stake

As per the management's initial assessment, there will be significant impact in H1 of FY2021 while recovery is expected to commence from Q3FY21

KPIT Tech says worst is over after 21% fall in Q1 net profit Rs 24.22 crore

21% dip in net profit to Rs 24.2 cr in Q1 was on expected lines as clients cut back on spends during the pandemic and the "worst is over for the company", small-sized tech player KPIT Technologies

KPIT Technologies net profit dips 22% to Rs 24 crore in June quarter

It had posted a net profit of Rs 31 crore in the corresponding period a year ago, according to a BSE filing by the company.

Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%

Order asks company to follow Maharashtra directives and refrain from pay cuts or layoffs, or face strict action

Birlasoft working on stabilising structure after merger with KPIT

The two companies underwent a merger and demerger, resulting in the creation of separate and publicly listed entities KPIT Technologies and Birlasoft

KPIT eyes its top 25 automotive clients to build revenue momentum

Pune-based engineering firm is looking at posting a revenue growth of 18% in the ongoing fiscal

KPIT Technologies turns volatile after going ex-date for demerger

The stock hit an intra-day low of Rs 123, falling 18 per cent from its early morning high of Rs 150 on the BSE.

KPIT Technologies hits 52-week high on restructuring plan

The stock hit a 52-week high of Rs 223, up 6% on BSE after KPIT and Birlasoft have announced a merger to create an over $700-million combined entity.

KPIT Technologies dips on post Q3 results

The stock dipped 6% to Rs 136 on the BSE in intra-day trade

KPIT Tech Q2 net down at 23%

There were also reports that the company is planning to raise funds by roping inlarge private equity players

KPIT Q1 net up 27% at Rs 55 crore

Revenue up by 6% to Rs 803 cr

KPIT Tech's stock slips 14% on profit and growth warning

Firm said its revenues will be flattish for first two quarters of FY17 due to internal revamp and external changes in business environment