KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
Coforge Q4 shareholding pattern: FPIs upped their holding in the IT firm by 96 basis points to 35 per cent from 34.04 per cent in the December quarter.
KPIT Technologies on Tuesday reported a 55 per cent jump on a year-on-year (YoY) basis in the net profit at Rs 155.33 crore in the quarter ended on December 31, 2023.
KPIT Tech share price: The stock tanked 6.07 per cent to hit a day low of Rs 1,415. At this price, the scrip has declined 12.78 per cent in two days. Despite the mentioned fall, the multibagger counter has gained 106 per cent on a year-to-date (YTD) basis.