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KPIT Technologies Q1 Results: Net profit rises 56.8% on year at ₹133.9 crore
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KPIT Technologies Ltd on Tuesday reported an 56.8% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹133.9 crore. The company had reported a profit of ₹85.4 crore in the year-ago period.
Sequentially, consolidated net profit was rose 20% from ₹111.6 crore in Q4FY23. KPIT Technologies shares opened at ₹1,078.50 apiece on BSE.
The company's consolidated total revenue from operations rose nearly 60% on year to ₹1,097.6 crores during the quarter ended June from ₹685.7 crore in Q1FY23. Sequentially, rose 7.9%.
Total income rose to ₹1,119.1 crore in the first quarter. It stood at ₹701.
6 crore in the year-ago period. (more to come)
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