KPIT Technologies Ltd.

KPIT Technologies has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a rise of 54.53% in its net profit at Rs 41.49 crore for the quarter under review as compared to Rs 26.85 crore for the same quarter in the previous year. Total income of the company increased by 4.47% at Rs 243.19 crore for Q4FY21 as compared Rs 232.79 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 25.88% in its net profit attributed to the shareholders at Rs 46.75 crore for the quarter under review as compared to Rs 37.14 crore for the same quarter in the previous year. However, total income of the company decreased by 3.87% at Rs 546.64 crore for Q4FY21 as compared Rs 568.65 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 39.54% in its net profit at Rs 107.89 crore as compared to Rs 178.45 crore for the previous year.  Total income of the company decreased by 16.22% at Rs 819.74 crore for year under review as compared to Rs 978.44 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 4.20% in its net profit at Rs 140.43 crore as compared to Rs 146.59 crore for the previous year. Total income of the company decreased by 6.09% at Rs 2,051.50 crore for year under review as compared to Rs 2,184.49 crore for year ended March 31, 2020.