Shares of KPIT Technologies were up nearly 4% at Rs 160 on the Bombay Stock Exchange after the company reported 20% jump in net profit for the quarter ended March 2016 at Rs 88.5 crore compared with Rs 73.5 crore in the previous quarter ended December 2015.
Net sales for the March quarter were up 3% at Rs 840.7 crore compared with Rs 813 crore in the previous quarter ended December 2015.
Further, the company said in a release that the board has recommended a final dividend of Rs 1.10 per equity share of face value Rs 2 each for the year 2015-16.
The stock opened at Rs 160 and touched a high of Rs 161. At 1:50pm, over 2.8 million shares were traded on both the stock exchanges.
