KPIT Technologies' net profit jumps 20.4 per cent

KPIT Technologies has witnessed a bounce back in its Revenues and Profits after posting flat results in the last quarter. The engineering services and solutions provider, has posted positive results in Q4FY16.

Company’s consolidated Revenues have seen an increase of 3.4 per cent at Rs 840.72 crore as against Rs 813 crore in the last quarter. EBITDA has risen 11.8 per cent at Rs 131.99 crore as against Rs 118.01 crore in the last quarter. Company’s Net Profit has come in at Rs 88.5 crore as against Rs 73.49 crore, an increase of 20.4 per cent.

Segment wise UK and Europe together have posted revenue of Rs 157.26 crore i.e. an increase of 8 per cent. Revenues from USA  have come in at Rs 572.79 crores, with an increase of 2 per cent. Revenues from other parts have seen a rise of 5.2 per cent at Rs. 322.99 crore.

The Year on Year (YoY) results show that, Company’s consolidated Revenues have risen 10.2 per cent from Rs 762.99 crore in the same quarter last year. EBITDA of company has risen by 294.9 per cent from Rs 33.42 crore. YoY Net profit (PAT) has seen an exceptional increase of 75.9 per cent.

On a yearly basis KPIT has posted consolidated revenues from operations of Rs 3224.29 crore for the year ended March 2016 compared to Rs 2989.92 crore in March 2015, an increase of 7.8 per cent. Net profit too has risen from Rs 236.99 crore in FY15 to 281.5 crore in FY16, an increase of 18.8 per cent.

KPIT provides technology consulting & product engineering services & solutions to Automotive, Manufacturing, Energy, Utilities, & Life Sciences industries. The stock closed at Rs 154.20, an increase of 1.38 per cent.