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KPIT Technologies declines on reporting 38% fall in Q2 net profit

23 Oct 2013 Evaluate

KPIT Technologies is currently trading at Rs 144.25, down by 2.50 points or 1.70 % from its previous closing of Rs 146.75 on the BSE.

The scrip opened at Rs 149.80 and has touched a high and low of Rs 149.80 and Rs 143.35 respectively. So far 63525 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 160.00 on 12-Sep-2013 and a 52 week low of Rs 92.40 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs 149.15 and Rs 138.10 respectively. The current market cap of the company is Rs 2785.40 crore.

The promoters holding in the company stood at 22.87% while Institutions and Non-Institutions held 47.55% and 29.58% respectively.

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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