As per the management's initial assessment, there will be significant impact in H1 of FY2021 while recovery is expected to commence from Q3FY21
21% dip in net profit to Rs 24.2 cr in Q1 was on expected lines as clients cut back on spends during the pandemic and the "worst is over for the company", small-sized tech player KPIT Technologies
It had posted a net profit of Rs 31 crore in the corresponding period a year ago, according to a BSE filing by the company.
Order asks company to follow Maharashtra directives and refrain from pay cuts or layoffs, or face strict action
The two companies underwent a merger and demerger, resulting in the creation of separate and publicly listed entities KPIT Technologies and Birlasoft
Pune-based engineering firm is looking at posting a revenue growth of 18% in the ongoing fiscal
The stock hit an intra-day low of Rs 123, falling 18 per cent from its early morning high of Rs 150 on the BSE.
The stock hit a 52-week high of Rs 223, up 6% on BSE after KPIT and Birlasoft have announced a merger to create an over $700-million combined entity.
The stock dipped 6% to Rs 136 on the BSE in intra-day trade
There were also reports that the company is planning to raise funds by roping inlarge private equity players
Revenue up by 6% to Rs 803 cr
Firm said its revenues will be flattish for first two quarters of FY17 due to internal revamp and external changes in business environment
The stock dipped 14% to Rs 159 on the BSE in early morning trade.
Stock dips 8% to Rs 174 on BSE in early morning trade, recovers to end 5,4% down at Rs 179
Net profit for March 2016 quarter increased 20% to Rs 88.5 crore compared with Rs 73.5 crore in December 2015 quarter