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KPIT Technologies reported a nearly 29 per cent decline in consolidated net profit to Rs 121 crore in the second quarter ended September, mainly on account of pressure on the automobile market from Chinese vehicle makers slowing down deals. The company had posted net profit of Rs 169 crore in the same period a year ago. KPIT expects losses to come down from the third quarter onwards. "Two of our largest clients are where you have seen a large decline. One is in Europe, one is in Japan. We do believe that both these accounts will bottom out over the next couple of quarters. Two or three quarters at the most is what we are looking at. However, for some of our existing OEMs' clients in passenger cars, trucks and off-highway, we will see growth come bit by bit," KPIT Technologies co-founder and joint managing director Sachin Tikekar said during the company's earnings call. KPIT Technologies posted a 6.5 per cent increase in consolidated revenue from operations to Rs 1,691 crore in the
Ravi Pandit, co-founder and chairman of mobility technology firm KPIT Technologies and a noted industry leader, died here on Friday morning following a brief illness, the company said. He was 75. In a statement, the company said it was "deeply saddened" by the passing of its founder and chairman of the board on May 8. A gold-medallist Chartered Accountant and alumnus of the Sloan School of Management at MIT, USA, Pandit had also chaired Kirtane & Pandit Chartered Accountants (KPCA), a professional services firm, it said. Over a career spanning more than three decades, Pandit played a key role in advancing technology-led mobility solutions and sustainability initiatives in India and abroad, it said. Beyond business, he was associated with several civic, educational and policy institutions. He co-founded organisations such as Pune International Centre and Janwani, supported the Centre for Sustainable Development at the Gokhale Institute of Politics and Economics, and served as ...
KPI Green Energy on Wednesday posted over 49 per cent rise in consolidated net profit to Rs 155.48 crore for the quarter ended March 31, supported by growth in revenues. It had reported a net profit of Rs 104.18 crore in the year-ago period, the company said in an exchange filing. During the fourth quarter, the company's total revenue rose to Rs 810.20 crore from Rs 577.80 crore in the January-March period of the 2024-25 financial year. The board of the company also recommended a final dividend of Re 0.25 per equity share and a special dividend of Re 0.15 per equity share for the financial year 2025-26, subject to approval of the shareholders at its ensuing annual general meeting. Shares of the company were trading up 5.08 per cent at Rs 479 apiece in afternoon trade on the BSE.
Auto industry-focused KPIT Technologies on Monday reported a 17 per cent decline in its net profit to Rs 169.08 crore for the September quarter. The Pune-headquartered company had posted a profit of Rs 203.7 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations increased by 7.9 per cent to Rs 1,587.71 crore in Q2 FY26, as compared to Rs 1,471.41 crore in Q2 FY25. Seen quarter-over-quarter, profit saw a dip of 1.6 per cent while revenue rose by 3.18 per cent. "Our strategic investments, such as the Caresoft Engineering Solutions Business acquisition closure in Q2 and the stake increase in NDream coupled with the investment in helm.ai in Q3, are strengthening our foundation and expanding our capabilities, Kishor Patil, Co-founder, CEO and MD, KPIT, said. The company's TCV (total contract value) for new deals won during the quarter under review stood at USD 232 million. KPIT Technologies added 334 employees during the quarter, bringing
Automobile-industry focused KPIT Technologies on Monday reported a 48.9 per cent increase in consolidated net profit at Rs 244.7 crore in the March quarter. It had logged a net profit of Rs 164.3 crore in the year-ago period, according to a regulatory filing. Revenue rose 15.9 per cent to Rs 1,528.3 crore during the quarter against Rs 1,317.8 crore a year ago. Sequentially, profit and revenue climbed 30.9 per cent and 3.4 per cent, respectively. "We have consistently delivered 19 sequential quarters of growth in revenues and operating profits. China's mobility ecosystem has challenged global OEMs (original equipment manufacturers) on the alteration of paradigms in speed, cost and innovation in vehicle development. We have made investments in leadership training, mobility-specific AI solutions, automation, platforms, tools & accelerators and new markets. "On the back of strong deal wins for strategic engagements, coupled with potential acquisition of specialized companies, we are .