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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.
KPIT Technologies: Revenues for FY24 reached USD 587 million, driven by broad-based growth across various business segments. Notably, the constant currency (CC) revenue surged by 39.1%, surpassing the heightened guidance for the year, the company reported.
MICROPLASTICS are small plastic particles less than 5mm-long that come from larger plastic objects which have disintegrated in the water.