Page 2 - Kpit Technologies

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

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)