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KPIT Technologies zooms on reporting 30% rise in Q1 consolidated net profit

21 Jul 2016 Evaluate

KPIT Technologies is currently trading at Rs 137.15, up by 4.40 points or 3.31% from its previous closing of Rs 132.75 on the BSE.

The scrip opened at Rs. 132.75 and has touched a high and low of Rs. 139.70 and Rs. 132.10 respectively. So far 200138 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 196.60 on 21-Jun-2016 and a 52 week low of Rs. 98.00 on 07-Aug-2015.

Last one week high and low of the scrip stood at Rs. 148.70 and Rs. 130.60 respectively. The current market cap of the company is Rs. 2696.85 crore.

The promoters holding in the company stood at 16.82%, while Institutions and Non-Institutions held 51.61% and 31.57% respectively.

KPIT Technologies has reported 1.86% rise in its net profit at Rs 58.17 crore for the quarter ended June 30, 2016 as compared to Rs 57.11 crore for the same quarter in the previous year. Total income of the company increased by 5.40% to Rs 340.33 crore for the quarter under review from Rs 322.89 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 30.08% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 55.05 crore for the quarter ended June 30, 2015 as compared to Rs 42.32 crore for the same quarter in the previous year. Total income of the company increased by 5.92% at Rs 814.80 crore for Q1FY17 as compared to Rs 769.27 crore for the corresponding quarter previous year.

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