KPIT Technologies Q4 net profit zooms 107.83% at Rs 86.23 cr
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The company reported standalone net profit of Rs 86.23 crore for the quarter ended March 31, 2022 as compared to Rs 41.49 crore in the same period last year, registering a year-on-year growth of 107.83 per cent. Net revenue of the company rose substantially by 39.89 per cent at Rs 331.92 crore in January-March quarter of this fiscal as against Rs 237.27 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 47.61 per cent to Rs 255.83 crore from Rs 173.32 crore in year ago period.
Other Income grew by 599.66 per cent at Rs 41.42 crore versus (Mar'21 Rs 5.92 crore). Operating Profit surged by 18.98 per cent to Rs 76.09 crore as against Rs 63.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.95 per cent in March quarter. Interest grew by 204.49 per cent y-o-y to Rs 5.42 crore, while Taxation decreased by 9.68 per cent at Rs 5.04 crore (Mar'21 Rs 5.58 crore).
