KPIT Technologies up after Q4 net rises 20% q-o-q

Net profit for March 2016 quarter increased 20% to Rs 88.5 crore compared with Rs 73.5 crore in December 2015 quarter

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SI Reporter
Last Updated : Apr 28 2016 | 1:57 PM IST
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.
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First Published: Apr 28 2016 | 1:53 PM IST

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