The company announced the results after market hours on Monday, 30 April 2012.

Meanwhile, the BSE Sensex was up 67.73 points or 0.39% to 17,386.54.

On BSE, 7.44 lakh shares were traded in the counter compared with the average daily volume of 73,060 shares in the past one quarter.

The stock hit a high of Rs 102.35 so far during the day, which is a record high for the counter. The stock hit a low of Rs 89 so far during the day. The stock had hit a 52-week low of Rs 68.30 on 20 December 2011.

The stock had outperformed the market over the past one month 30 April 2012, rising 6.63% compared with the Sensex's 0.49% fall. The stock had also outperformed the market in past one quarter, surging 15.07% as against Sensex's 2.7% gain.

The company has an equity capital of Rs 35.59 crore. Face value per share is Rs 2.

KPIT Cummins Infosystems' consolidated net profit jumped 53.68% to Rs 145.35 crore on 51.97% growth in net sales to Rs 1500 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

Commenting on results, Mr Ravi Pandit, Chairman & Group CEO, KPIT Cummins said, Our industry topping growth performance validates our strategy to be a strong vertical focused innovation partner to our customers. This is also reflected in the continuous improvement in our profitability towards the goal we had laid out in the beginning of the year. Our offerings and technology developments are closely aligned to the global needs of the automotive, manufacturing and utility sectors. Our performance in the last two years positions us well to achieve a run rate of $500 million by the last quarter of FY 2013 and strengthens our vision to be $1 billion company by the year 2017.

Commenting on the results, Mr Kishor Patil, MD & CEO, KPIT Cummins said, This eighth consecutive quarter of best-in-the-industry growth rate has enabled us to double our revenues in the last two years. We have also achieved profitability improvement registering 16% EBITDA at the end of Q4 FY 2012. Despite a volatile macro-economic environment, we are seeing robust demand in our focus verticals and have closed three significant large deals over last six months, each in excess of $20 million. In order to leverage the growing opportunities in our key verticals and geographies, we are investing in people development to scale up rapidly. We are also building a Business Transformation Unit (BTU) to partner with our customers to improve their competitiveness and deliver business benefits, measured as tangible outcomes. Considering our pipeline and order book status we are confident of maintaining our growth momentum in FY13 with a 32% plus growth.

KPIT Cummins Infosystems has issued strong outlook for FY 2013. The company has projected 15% to 20% growth in consolidated PAT at Rs 167 crore to Rs 174 crore on 36% to 39% growth in revenue at Rs 2040 crore to Rs 2090 crore in FY 2013 over FY 2012. The company said that irrespective of the soft macro-economic environment, the company is fairly confident of growth in the coming years.

KPIT Cummins Infosystems' board of directors at a meeting held on Monday, 30 April 2012, recommended a dividend of Rs 0.70 per share for the year ended March 2012.

KPIT Cummins Infosystems is a global IT consulting and product engineering company focused on co-innovating domain intensive technology solutions for Manufacturing corporations (with special focus on Automotive, Hi-Tech & Industrials verticals).