KPIT Tech Q1 profit jumps 54% on one-time gain, revenue up 24%
net profit at Rs 204.2 crore for the first quarter ending June of the ongoing fiscal year 2025. The profit was due to a one-time income gain of Rs 39.6 crore as compared with Rs 13.4 crore a year ago.
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The profit stood at Rs 134.4 crore a year ago and sequentially grew by 23% from Rs 165.9 crore in Q4 FY24.
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Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitThe Pune-based IT company’s revenue rose 24.3% YoY to Rs 1,364 crore in Q1FY25 compared to Rs 1,097.6 crore a year ago. It grew 3.5% over the previous quarter’s revenue at Rs 1,317.8 crore.
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“We have started the year on a positive note with an all-round robust performance. While the mobility industry is going through certain pressures on the demand and profitability fronts, we are proactively investing in creating relevant large, differentiated offerings to support our clients reduce their costs and time-to-market. We are also investing in adjacencies and newer geographical markets. We expect creation of meaningful growth opportunities via both these investments and continue with the growth momentum, paving way for a fair demand visibility in the medium-term,” said
