Page 2 - Kpit Technologies

Stock of this IT company has zoomed over 1,200% in 3 years

On Wednesday, KPIT Technologies announced its partnership with Honda to realize the journey of Honda's Software-Defined Mobility (SDM)

Analysts cautious on mid, smallcaps; await earnings catch-up

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

KPIT Technologies Q2 net profit rises 28% to Rs 83 crore; revenue up 17.2%

Auto industry-focused engineering services company KPIT on Wednesday reported a 28 per cent jump in its September quarter net profit at Rs 83.56 crore, helped by a strong revenue growth. The Pune-headquartered company also upped its revenue growth guidance for FY23 to 31-32 per cent, saying it does not see a major impact of the current set of macro challenges playing out into its business. It reported a 17.2 per cent growth on the overall revenues during the reporting quarter at Rs 754.32 crore as against Rs 599.81 crore in the preceding year. The operating profit margin came at 18.5 per cent as against 17.6 per cent in the year-ago period, and 19.4 per cent in the preceding June quarter. The company said an industry-leading double digit salary hike during the quarter impacted the margin by a couple of percentage points. It is more confident on the margins front going ahead and narrowing the outlook to 18.5 per cent to 19 per cent for FY23, as against earlier target of 18-19 per ce

Here's why Mehul Kothari recommends buying Jubilant Foodworks, KPIT Tech

According to the technical analyst from Anand Rathi, Jubilant Foodworks can rally to Rs 660, while KPIT Technologies could jump to Rs 620.

Charge of the sodium-ion brigade: How India can power e-mobility industry

India could well emerge as a global hub for manufacturing sodium-ion batteries, which is seen as an alternative or complementary technology to the more expensive lithium ion-powered batteries.

KPIT Technologies Q1 net profit rises 41% on higher revenues, wider margins

The Pune-headquartered company reported a 21.41 per cent growth in the total income at Rs 701 crore for the reporting quarter as against Rs 577 crore in the year-ago period.

KPIT Technologies announces acquisition of UK-based SOMIT Solutions

STRAP: The total value of the acquisition will be around GBP 7.68 million (around Rs 75 crore)

Stocks to Watch: Bajaj Finance, Tata Motors, GMDC, HDFC Life, YES Bank

Stocks to Watch today: Bajaj Finance, HDFC Life, Macrotech Developers, KPIT Technologies are among those slated to announce their Q4 earnings today.

KPIT Technologies zooms 64% in 14 trading days on strong outlook

Since November 1, 2021, the stock has zoomed 141 per cent after KPIT Technologies raised outlook for revenue and profit for the financial year 2021-22 (FY22)

KPIT Technologies nearly doubles in 2 months on strong earnings outlook

The management had said the company is witnessing a robust demand environment resulting in strong order inflow and pipeline

L&T Infotech, L&T Technology, KPIT Technologies hit record highs

LTTS has gained 7 per cent after the company was selected as an engineering partner by Mavenir and NVIDIA, to accelerate adoption of the industry's first converged AI-on-5G

KPIT Technologies rallies 32% in 6 days, hits new high on strong outlook

The company said, for FY2022, revenue growth outlook increased to 18 per cent - 20 per cent, and Ebitda margin outlook raised to 17.5+ per cent.

Despite chip shortages, our clients haven't cut tech spend: KPIT Tech chief

In a Q&A, Kishor Patil, CEO and MD of the firm, also dwells on attrition and his company's initiatives to arrest it

Qualcomm's chips to power Ola's newly launched electric scooters

Qualcomm is providing key 4G connected octa core android platform which provides connectivity, computing capabilities and enables rich immersive displays with power saving software

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

We haven't had any impact of chip shortage on our business: KPIT Tech chief

In a Q&A, Kishore Patil talks about growth drivers, impact of chip shortages on auto sector and acquisitions

KPIT Technologies Q1 net up 2.5 times YoY to Rs 60 cr, revenue up 15%

Firm silent on attrition rate during the quarter, though it does see it rising before stabilising

We want to reimagine mobility, be the leader: KPIT Chairman Ravi Pandit

In this interview, Pandit talks about the shift the auto sector is seeing due to the pandemic, the rising demand for autonomous vehicles, and KPIT's trajectory on global automakers' digital road map

KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4

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

KPIT Q4 net profit rises 23.6% YoY to Rs 47 cr, revenue dips 3.8%

The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues