KPIT Technologies Ltd's Q2FY17 consolidated net profit rises 2.18% qoq to Rs.56.20 crore : Beats Estimates

India Infoline Research Team | October 19, 2016 18:09 IST

engineering services and solutions provider

KPIT Technologies Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 QoQ (%)
Revenue 831 3.5
EDITDA 91.4 6.3
EBITDA Margin (%) 11 29
Net Profit (adjusted) 56.2 2.2
***EBITDA margin change is bps

KPIT Tech’s Q2FY17 result beat the market consensus. The street was expecting top-line growth of ~3.2% QoQ, EBITDA to grow by 5% QoQ and PAT to grow by 1.2% QoQ.

The consolidated net revenue for the quarter grew by 3.5% QoQ to Rs. 830.9 cr due to strong growth of 8.9% QoQ in automotive and transportation vertical.

The consolidated EBITDA grew by 6.3% QoQ to Rs. 91.4 cr due to revenue growth and cost rationalization. The consolidated EBITDA margin improved by 28.8 bps QoQ and stood at 11% in Q2FY17 against 10.7% of previous quarter.

The consolidated net profit grew by 2.1% QoQ to Rs. 56.2 cr against Rs. 55 cr of last quarter.

Technical View:

KPIT Technologies Ltd ended at Rs. 135.2, up by 4.15 points or 3.17% from its previous closing of Rs. 131.05 on the BSE.
The scrip opened at Rs. 132.2 and touched a high and low of Rs. 137 and Rs. 129.3 respectively. A total of 2988706(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

BSE 144.15 [1.90] ([1.30]%)
NSE 144.45 [1.80] ([1.23]%)

***Note: This is a NSE Chart



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