IT firm KPIT Technologies slumped over 14 per cent in the early session today after the firm said its revenue and profit may stay flat in July-September of 2016-17 compared with April-June.
The stock slumped 14.27 per cent to Rs 157.65 on BSE.
On NSE, the company fell 14.59 per cent to Rs 157.40.
The company yesterday said its revenue and profit may remain flat in the second quarter of the current fiscal as against first as ERP (enterprise resource planning) implementation revenue has been hit beyond the expectation level.
"The company is going through internal changes in structure as well as external in the business environment. The company's traditional revenues from ERP implementation are affected more than anticipated earlier whereas there is good traction in newer areas of cloud and digital technologies," KPIT Technologies said in a BSE filing.
