Kpit Tech News Today

The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.

KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.

Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins.

Coforge Q4 shareholding pattern: FPIs upped their holding in the IT firm by 96 basis points to 35 per cent from 34.04 per cent in the December quarter.

Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .

KPIT Technologies on Tuesday reported a 55 per cent jump on a year-on-year (YoY) basis in the net profit at Rs 155.33 crore in the quarter ended on December 31, 2023.

The domestic equity market was trading lower on Thursday. Sensex fell 526 points to 70,534 and Nifty lost 142 pts to 21,312. Heres a look at stocks buzzing in action today.

Jindal Stainless, KPIT Tech, Prestige Estate Projects, Mazgaon Dock and RVNL are also among the probable inclusions

Indian Hotels, ITC, Lemon Tree also feature in the list. Among smallcaps, the fund has less than 1 percent allocation in Mrs Bectors Foods, Landmark Cars, Westlife Foodworld and Solar Industries

Pune: KPIT Technologies aims to remain ahead of its clients that is the automobile manufacturers in terms of technology as the company sees a huge pot.