KPIT Technologies Q2 net profit at Rs 56 crore

India Infoline News Service | Mumbai | October 19, 2016 17:24 IST

Total income has increased from Rs 820.8 crore for the quarter ended September 30, 2015 to Rs 835.9 crore for the quarter ended September 30, 2016.

KPIT Technologies Ltd has announced the following results for the quarter ended September 30, 2016:

The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 56 crore for the quarter ended September 30, 2016 as compared to Rs 73.8 crore for the quarter ended September 30, 2015.

Total income has increased from Rs 820.8 crore for the quarter ended September 30, 2015 to Rs 835.9 crore for the quarter ended September 30, 2016.

On a standalone basis, the company has posted a net profit of Rs 49 crore for the quarter ended September 30, 2016 as compared to Rs 36 crore for the quarter ended September 30, 2015. Total Income has increased from Rs 324.9 crore for the quarter ended September 30, 2015 to Rs 345.5 crore for the quarter ended September 30, 2016.

Stock Commentary:

KPIT Technologies Ltd ended at Rs 135.2, up by Rs 4.15 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 current market cap of the company is Rs 2588.22 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 196.6 on 21-Jun-2016 and a 52 week low of Rs 108.45 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 134 and Rs 126.45 respectively.

The promoters holding in the company stood at 16.72 % while Institutions and Non-Institutions held 52.43 % and 26.02 % respectively.

The stock traded above its 200 DMA.
 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.