Kpit Technologies

Axis Bank, Nippon AMC, Maruti: JM Financial picks 12 stocks to buy for 2025

From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight

KPIT Technologies share price plunges 14% today: Key factors behind fall

KPIT Technologies shares have dropped nearly 20 per cent in the last one week, and 13.55 per cent in the last one month, and 3.67 per cent year-to-date

KPIT Tech Q1 results: Net profit jumps 52% on higher revenue growth in FY25

Auto industry-focused KPIT Technologies on Monday reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period. Its revenue from operations grew 24 per cent to Rs 1,364.6 crore from Rs 1,097.6 crore in the year-ago period, and its co-founder, chief executive and managing director Kishor Patil also sounded more certain about the guidance for the fiscal. He said the company is now aiming for a 19-22 per cent growth in the top line against the earlier expectation of 18-22 per cent announced earlier. Patil, however, maintained the operating profit margin guidance at 20.5 per cent even though the company was able to widen the number to 21.1 per cent during the reporting quarter against 20.7 per cent in the March quarter and 20 per cent in the year-ago period. He said even though the growth rate for EV sales has slowed

Cyient, KPIT, Tata Tech: Analysts cut FY25 earnings of E&RD cos; here's why

Except KPIT, which is continuing to benefit from tailwinds in the automotive sector and strategic partnerships with OEMs, most E&RD players saw either flat or declining margins on a sequential basis

KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth

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. The Pune-headquartered company's FY24 net profit grew to Rs 598.51 crore from Rs 386.8 crore in the year-ago period. For the reporting quarter, its revenues rose nearly 30 per cent to Rs 1,317.8 crore, while the operating profit margin widened 1.7 per cent to 20.7 per cent. The company announced that it will aim for an 18-22 per cent growth in the topline in the new fiscal, and will get the profit margin number above 20.5 per cent. About the slower revenue growth target for FY25, and if the company is being conservative, its Co-Founder, Chief Executive and Managing Director Kishor Patil told reporters that while it has been consistently showing growth of over 30 per cent in the last four years, it is also true that many changes are happening in the sector and it has taken a "pragmatic" call on the .

KPIT Technologies Q3 results: Net profit jumps 50% to Rs 157 crore

KPIT Technologies on Tuesday reported a 50 per cent rise in net profit at Rs 156.75 crore in the December quarter of this fiscal, helped by a surge in topline and widening of profit margins. The Pune-headquartered company, focused on the automotive sector, had recorded a profit after tax of Rs 104.05 crore in the year-ago period and Rs 141.4 crore in the preceding September quarter, KPIT Technologies said in a regulatory filing. Its revenues grew to Rs 1,256.96 crore from the year-ago period's Rs 917.11 crore, and Rs 1,199 crore in the quarter-ago period. The operating profit margin widened to 20.6 per cent from the year-ago period's 18.5 per cent, which helped in the growth of the overall profits. Co-founder, chief executive and managing director Kishor Patil said the company is on target to achieve the guidance of the revenues growing at 37 per cent in the fiscal on a constant currency basis and will do better than the 20 per cent operating profit growth guidance. He said the de

KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore

KPIT's results are opposite to what some of the larger peers have reported. The firms strategy to focus on the auto segment is paying off

KPIT unveils India's 1st sodium-ion battery tech, looks at revenues in a yr

In a country-first, KPIT Technologies unveiled sodium-ion battery technology on Tuesday. The technology, developed in-house by researchers at the city-based company over the last eight years, will be put through external testing, and deliver revenues after a year, its co-founder and chairman Ravi Pandit told reporters here. He said some revenues will come from the testing phase as well, but the core licensing fees which will accrue from the technology will start in a year. KPIT's core business of providing software-based solutions to the auto industry will continue to be the revenue mainstay even in the future, Pandit said. He said the company hired electrochemists for the project, which is a departure from employing software engineers that has been the norm for them. It tested a slew of chemistries before narrowing down on the more widely available sodium, Pandit said, adding that the use of the compound also delivers other advantages. These include the ability to charge a vehicl

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500

Changing business models of auto OEMs creating new opportunities: KPIT CFO

KPIT has recently revised its constant currency revenue growth outlook for 2023-24 (FY24) to over 37 per cent, up from the earlier guidance of 27-30 per cent

KPIT Tech hits record high, surges 11% after raising FY24 growth outlook

KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier.

KPIT Technologies Q2 results: Net profit zooms 69% at Rs 141 crore

Auto industry-focused KPIT Technologies on Monday reported a 69.21 per cent jump in its September quarter net profit at Rs 141 crore. The Pune-headquartered company had reported a post tax profit of Rs 83.5 crore in the same quarter a year ago. Its revenues from operations grew to Rs 1,199 crore in the reporting quarter as against Rs 745 crore in the same period a year ago and Rs 1,098 crore in the preceding April-June quarter. The company said it is now aiming to close FY24 with a growth of 37 per cent in revenues on a constant currency basis, as against the earlier target of 27-30 per cent. It was able to maintain the operating profit margin at 20 per cent in the quarter, which led the company to improve its guidance of keeping the number at over 20 per cent in FY24, from 19-20 per cent projected earlier. The company reported new deal wins of USD 156 million during the quarter, including a multi-year engagement on autonomous driving with a European car manufacturer and some work

KPIT Technologies reports 53% jump in Q1 net profit to Rs 134 crore

Auto industry-focused KPIT Technologies on Tuesday reported a 53.36 per cent jump in net profit to Rs 134.44 crore in the June quarter, helped by higher revenue from operations. The Pune-based company's revenue from operations grew over 60 per cent to Rs 1,097.6 crore as against the Rs 685.7 crore in the year-ago period. In the previous quarter, it stood at Rs 1,017.3 crore. Kishor Patil, KPIT Technologies Co-Founder, CEO and MD, told reporters that despite high growth, the company is maintaining its earlier guidance of 27-30 per cent topline growth for the current fiscal. He said the first half of 2023-24 will be better than the second, and added that the company usually reviews guidances at the end of the third quarter. The company is benefitting from more software-defined vehicles in the market and electrification in the auto industry, Patil said in a statement. According to him, the company saw the fastest growth of 89 per cent in the European markets in the first quarter of

IT mid-caps stick to steady growth amid uncertain macroeconomic environment

Firms such as Persistent Systems (Persistent), Coforge, KPIT Technologies (KPIT), and Cyient performed better on key performance metrics

KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results

For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.

KPIT Technologies Q4FY23 net profit up 41.5% on recent mega deal wins

The total Contract Value of new deals won during Q4 FY23 stands at $423 million

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

Here's why KPIT Technologies tumbled 8% on Monday

JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share

Manappuram, MGL: Select small-cap stocks are poised for bigger upside

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts

Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months

In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex