During Friday’s trading session, the shares of a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future surged nearly 1.4 percent to hit an intraday high at Rs. 1,453.8 on BSE.
Price Action
With a market capitalisation of Rs. 39,682.3 crores, the shares of KPIT Technologies Limited closed in the green at Rs. 1,447.5, up by nearly 1 percent, as against its previous closing price of Rs. 1,434.4.
Stock Performance
The stock has delivered multibagger returns of around 3,904 percent over a five-year period, spanning from Rs. 36.15 in March 2020 to the current stock price level of Rs. 1,447.
This indicates that if an investor had invested Rs. 10,000 in the stock five years ago, it would have gained to nearly Rs. 4 lakhs. The stock delivered negative returns of nearly 12 percent in one year, as well as around 2 percent of returns in the last one month.
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About the company
KPIT Technologies Limited is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future.
With 12,000+ automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables clients to accelerate the implementation of next-generation mobility technologies.
Financials
KPIT Technologies reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 17.6 percent, rising from Rs. 1,257 crores in Q3 FY24 to Rs. 1,478 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 157 crores to Rs. 187 crores, representing a growth of about 19 percent YoY.
Further, EBITDA for Q2 FY25 increased by about 21 percent YoY to Rs. 312.2 crores, up from Rs. 258.5 crores in Q2 FY24. The EBITDA margins grew to 21.1 percent, from 20.6 percent, over the same period, mainly due to productivity improvement, revenue mix and fixed cost leverage.
Written by Shivani Singh
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