KPIT Technologies zooms on reporting 48% rise in Q3 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
KPIT Technologies is currently trading at Rs. 795.00, up by 52.85 points or 7.12% from its previous closing of Rs. 742.15 on the BSE.
The scrip opened at Rs. 742.70 and has touched a high and low of Rs. 812.80 and Rs. 740.00 respectively. So far 244080 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 812.80 on 02-Feb-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. 812.80 and Rs. 687.85 respectively. The current market cap of the company is Rs. 21921.91 crore.
The promoters holding in the company stood at 40.10%, while Institutions and Non-Institutions held 32.99% and 26.91% respectively.
KPIT Technologies has reported results for third quarter ended December 31, 2022. The company has reported 41.04% rise in its net profit at Rs 66.45 crore for Q3FY23 as compared to Rs 47.12 crore for the corresponding quarter previous year. Total income of the company increased by 27.05% to Rs 401.48 crore for the quarter under review as compared to Rs 315.99 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported 48% rise in its net profit at Rs 104.06 crore for Q3FY23 as compared to Rs 70.31 crore for the same quarter in the previous year. Total income of the company increased by 48.70% to Rs 938.17 crore for the quarter under review as compared to Rs 630.92 crore for the same quarter in the previous year.
