The company’s net profit went up by 31% from the December quarter to ₹244.7 crore, while revenue grew by 3.4% from the previous quarter to ₹1,528 crore.
KPIT Tech’s Earnings Before Interest and Tax saw growth of 4.4% to ₹265 crore from ₹254 crore it reported during the December quarter.
EBIT margin saw an expansion of 10 basis points on a quarter-on-quarter basis to 17.3% from 17.2% earlier.
The company’s board has also approved an interim dividend of ₹6 per share.
The dividend is subject to approval from shareholders at the ensuing Annual General Meeting (AGM), and will be paid within the statutory timelines.
Additionally, the board has also approved the scheme of merger of PathPartner Technology Pvt. Ltd. with itself. PathPartner is a wholly-owned subsidiary of KPIT Technologies.
Consolidation of the business, enabling KPIT Tech to have direct access to capital with greater financial strength and flexibility and pooling of knowledge and expertise have been cited as the rationale behind this decision.
Shares of KPIT Tech have surged to the day’s high post the earnings announcement, currently trading 2.4% higher at ₹1,250. The stock was down 5.5% in the one month prior to the earnings announcement.
First Published: Apr 28, 2025 1:09 PM IST
