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KPIT Technologies Ltd posts consolidated PAT of Rs. 24.01 crore in Q1FY21
Posted On : 2020-08-03 17:45:59( TIMEZONE : IST )
KPIT Technologies Limited has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.495.54 crores during the period ended June 30, 2020 as compared to Rs.568.65 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.24.01 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.37.13 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.0.89 for the period ended June 30, 2020 as compared to Rs.1.38 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 495.54 crs | ₹ 568.65 crs |  -12.86% |
| Net Profit | ₹ 24.01 crs | ₹ 37.13 crs | -35.34% |
| EPS | ₹ 0.89 | ₹ 1.38 | -35.51% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.495.54 crores during the period ended June 30, 2020 as compared to Rs.507.20 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.24.01 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.30.68 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.0.89 for the period ended June 30, 2020 as compared to Rs.1.14 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 495.54 crs | ₹ 507.20 crs | -2.3% |
| Net Profit | ₹ 24.01 crs | ₹ 30.68 crs | -21.74% |
| EPS | ₹ 0.89 | ₹ 1.14 | -21.93% |
Kishor Patil, Co-founder, CEO and MD, KPIT said, "The performance of this quarter is in line with our expectations in the face of the global pandemic. The mobility industry is stabilizing, and we are witnessing increased interest from our strategic clients with prioritizing of investments in Electric Powertrain, Autonomous Driving and Digital Cockpit. We have closed two large deals in consecutive quarters now and remain optimistic about growth and gradual improvement in other operating parameters in H2FY21 and beyond".
Sachin Tikekar, President and Whole-time Director, KPIT said, "Our priority during the last quarter was to keep the well-being of our employees in the center, uphold all our commitments to our clients and to remain liquid to get through the difficult spell. We did a tremendous job on all the three; thanks to the unwavering commitment of our employees and great support from our clients. We continue to invest in our Practices to do more with less for our clients as they tread their way through the global pandemic".
Shares of KPIT Technologies Limited was last trading in BSE at Rs. 64.45 as compared to the previous close of Rs. 64.50. The total number of shares traded during the day was 44010 and the deliverable quantity is 18376 shares.
The stock hit an intraday high of Rs. 66.10 and intraday low of Rs. 64. The total turnover during the day was Rs. 28.68 lakhs.
