KPIT is a global technology company with software solutions that will help mobility leapfrog toward an autonomous, clean, smart and connected future. With 13000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India
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ToggleWhy KPIT Tech share dive nearly 12%?
KPIT Technologies’ stock plunged nearly 12% following the release of its Q2 results. The company’s CEO issued cautious comments, stating that revenue growth is expected to be at the lower end of its 18% to 22% guidance range. However, profitability is projected to improve. He also mentioned delays in certain projects, which contributed to the cautious outlook, but emphasized that the underlying growth of the company remains strong.
Q2 Result of the KPIT Tech
KPITTECH Q2 Results: revenue rose 18.49% to 1471.00 and net profit rose 30.88% to 204.00 YoY
The current quarter’s (Sep 2024) revenue is 1471.00 crore which is 1365.00 crore more than last quarter’s (Jun 2024) revenue. , However, compared to the previous year’s quarter revenue it is greater than Sep 2023 revenue of 1199.00 crore.
Current quarter (Sep 2024) Net Profit is 204.00 crore which is 204.00 crore which is same compare to last quarter (Jun 2024) Net Profit. , However, compared to last year’s quarter net profit it is greater than the Sep 2023 net profit of 141.00 crore.
Current quarter (Sep 2024) Profit Margin is 0.20 which is 0.21 less than last quarter (Jun 2024) Profit Margin. , However, compared to last year’s quarter profit margin it is the same compared to Sep 2023 profit margin of 0.20.
The current quarter (Sep 2024) EPS is 7.43 which is 7.45 less than last quarter’s (Jun 2024) EPS. , However, compared to last year’s quarter EPS it is greater than Sep 2023 EPS of 5.14.
Current quarter (Sep 2024) other income is 52.00 crore which is 54.00 crore less than last quarter (Jun 2024) other income. , However, compared to last year’s quarter other income it is greater than Sep 2023 other income of 9.00 crore.