KPIT Technologies jumps on reporting 64% rise in Q3 consolidated net profit
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KPIT Technologies is currently trading at Rs. 633.10, up by 10.50 points or 1.69% from its previous closing of Rs. 622.60 on the BSE.
The scrip opened at Rs. 637.95 and has touched a high and low of Rs. 653.10 and Rs. 627.00 respectively. So far 79413 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 800.00 on 10-Jan-2022 and a 52 week low of Rs. 129.05 on 23-Feb-2021.
Last one week high and low of the scrip stood at Rs. 661.25 and Rs. 615.10 respectively. The current market cap of the company is Rs. 17268.32 crore.
The promoters holding in the company stood at 40.11%, while Institutions and Non-Institutions held 33.65% and 26.24% respectively.
KPIT Technologies has reported over 2-fold jump in its net profit at Rs 47.12 crore for the quarter ended December 31, 2021 as compared to Rs 19.13 crore for the same quarter in the previous year. Total income of the company increased by 50.39% at Rs 315.99 crore for Q3FY22 as compared Rs 210.11 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 63.63% in its net profit at Rs 70.31 crore for the quarter ended December 31, 2021 as compared to Rs 42.97 crore for the same quarter in the previous year. Total income of the company increased by 20.42% at Rs 630.92 crore for Q3FY22 as compared Rs 523.94 crore for the corresponding quarter previous year.
