Leading AI and automotive solutions provider engaged in the business of offering embedded software, product engineering services, and many more jumped upto 9 percent in the day’s trade upon posting Q4FY24 results with a 49 percent jump in Net Profits and recommending a dividend of Rs. 4.60.
With a market capitalization of Rs. 40,718 Crores, the shares of KPIT Technologies Limited were trading at Rs. 1,491, up 5 percent from its previous day’s close price of Rs. 1,415.50.
Its revenue from operations grew by 29.53 percent YoY from Rs. 1017.36 Crores in Q4FY23 to Rs. 1317.80 Crores in Q4FY24 and it grew by 4.84 percent QoQ from Rs. 1256.96 Crores in Q3FY24 to Rs. 1317.80 Crores in Q4FY24. Annually it generated a revenue of Rs. 3365.03 Crores in FY23 and Rs. 4871.54 Crores in FY24 indicating a growth of 44.76 percent YoY.
Its Net Profit grew by 48.69 percent YoY from Rs. 111.58 Crores in Q4FY23 to Rs. 165.91 Crores in Q4FY24 and it grew by 5.84 percent QoQ from Rs. 156.75 Crores in Q3FY24 to Rs. 165.91 Crores in Q4FY24. Annually it generated a profit of Rs. 386.86 Crores in FY23 and Rs. 598.51 Crores in FY24 indicating a growth of 54.70 percent YoY.
In Addition, the Board of Directors of KPIT Technologies Limited has recommended issuing a final dividend of Rs. 4.60 per equity share with a face value of Rs. 10 each for the financial year 2023-24.
KPIT Technologies Limited is a global technology company, engaged in the business of offering embedded software, product engineering services, and AI & Digital solutions to automotive players in the market.
It has its presence in over 13 countries like India, Thailand, Vietnam, Japan, South Korea, China, Spain, United Kingdom, France, Tunisia, Egypt, Germany, USA, Brazil, and many more.
It has reported a return on equity (ROE) of 36 percent and a return on capital employed (ROCE) of 43.9 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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