KPIT Technologies surges on reporting 26% rise in Q4 consolidated net profit
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KPIT Technologies is currently trading at Rs. 198.75, up by 4.50 points or 2.32% from its previous closing of Rs. 194.25 on the BSE.
The scrip opened at Rs. 203.20 and has touched a high and low of Rs. 209.00 and Rs. 196.40 respectively. So far 87817 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.30 on 07-Apr-2021 and a 52 week low of Rs. 39.00 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 201.20 and Rs. 191.00 respectively. The current market cap of the company is Rs. 5325.24 crore.
The promoters holding in the company stood at 40.14%, while Institutions and Non-Institutions held 36.36% and 23.50% respectively.
KPIT Technologies has reported results for fourth quarter and year ended March 31, 2021. The company has reported a rise of 54.53% in its net profit at Rs 41.49 crore for the quarter under review as compared to Rs 26.85 crore for the same quarter in the previous year. Total income of the company increased by 4.47% at Rs 243.19 crore for Q4FY21 as compared Rs 232.79 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 25.88% in its net profit attributed to the shareholders at Rs 46.75 crore for the quarter under review as compared to Rs 37.14 crore for the same quarter in the previous year. However, total income of the company decreased by 3.87% at Rs 546.64 crore for Q4FY21 as compared Rs 568.65 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 39.54% in its net profit at Rs 107.89 crore as compared to Rs 178.45 crore for the previous year. Total income of the company decreased by 16.22% at Rs 819.74 crore for year under review as compared to Rs 978.44 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 4.20% in its net profit at Rs 140.43 crore as compared to Rs 146.59 crore for the previous year. Total income of the company decreased by 6.09% at Rs 2,051.50 crore for year under review as compared to Rs 2,184.49 crore for year ended March 31, 2020.
