KPIT Technologies soars on reporting 38% rise in Q4 consolidated net profit
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KPIT Technologies is currently trading at Rs. 932.40, up by 27.60 points or 3.05% from its previous closing of Rs. 904.80 on the BSE.
The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 948.30 and Rs. 909.00 respectively. So far 103699 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 948.30 on 37-Apr-2023 and a 52 week low of Rs. 440.00 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 948.30 and Rs. 840.00 respectively. The current market cap of the company is Rs. 25467.96 crore.
The promoters holding in the company stood at 39.49%, while Institutions and Non-Institutions held 35.71% and 24.80% respectively.
KPIT Technologies has reported results for fourth quarter (Q4) and year ended March 31, 2023.
KPIT Technologies has reported 13.95% fall in its net profit at Rs 74.20 crore for the quarter under review as compared to Rs 86.23 crore for the same quarter in the previous year. However, total income of the company increased by 14.71% at Rs 428.24 crore for Q4FY23 as compared to Rs 373.33 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 38.45% in its net profit at Rs 111.58 crore for fourth quarter ended March 31, 2023 as compared to Rs 80.59 crore for the same quarter in the previous year. Total income of the company increased by 53.97% at Rs 1,023.63 crore for Q4FY23 as compared to Rs 664.81 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 17.65% in its net profit at Rs 280.16 crore as compared to Rs 238.12 crore for the previous year. Total income of the company increased by 23.88% at Rs 1,558.79 crore for year under review as compared to Rs 1,258.26 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 40.04% rise in its net profit at Rs 386.86 crore as compared to Rs 276.24 crore for the previous year. Total income of the company increased by 37.46% at Rs 3,405.23 crore for year under review as compared to Rs 2,477.20 crore for year ended March 31, 2022.
