KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4
Shares of KPIT Technologies zoomed nearly 8 per cent to Rs 209 apiece on the BSE on Thursday after the company posted better-than-expected March quarter results. The Pune-based IT services firm reported net profit of Rs 47 crore for the fourth quarter ended March 31, 2021 up 23.6 per cent year-on-year. Sequentially, profits were up 9.3 per cent. The company reported operating margin expansion by 150 basis points due to improvement in utilisation and offshore revenues. Margins expanded from 13...
Source: business-standard.com