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KPIT Technologies reports 38% fall in Q2 net profit

23 Oct 2013 Evaluate

KPIT Technologies, formerly known as KPIT Cummins Infosystems has reported results for the second quarter ended September 30, 2013.

The company has reported 37.91% fall in its net profit at Rs 27.38 crore for the quarter as compared to Rs 44.10 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 12.03% at Rs 214.02 crore for quarter under review as compared to Rs 191.03 crore for the quarter ended September 30, 2012.

KPIT Technologies, an IT consulting and product engineering partner, is focused on co-innovating domain intensive technology solutions for global automotive & transportation, manufacturing and energy & utilities companies.

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