KPIT Technologies Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||11||29|
|Net Profit (adjusted)||56.2||2.2|
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.
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]%)
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