The company reported revenue of Rs 678 crore for the third quarter ended December 2013, down 3.5% compared with Rs 703 crore for the previous quarter ended September 2013. Net profit for the quarter slipped 8.92% to Rs 60.78 crore from Rs 66.73 crore in the September quarter, KPIT said in a release.
US dollar revenue for the December quarter also declined marginally by 2.3% to $109.66 million, the release said.
The stock opened at Rs 172 and touched a low of Rs 157.40 on the BSE so far. OVer 2.3 million shares were traded on both the stock exchanges so far.
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