Q3FY17 Result : KPIT Technologies Ltd.

KPIT Technologies total sales for the December 2016 quarter came in at Rs 830.6 crore. This represents a 0.04 per cent sequential decline and 2.14 per cent YoY increase. The revenue from USA rose to Rs 585.6 crore, a 4.2 per cent rise on QoQ basis, which offset the 11.5 per cent QoQ decline in UK and Europe business to Rs 127.9 crore.

The operating profit (EBIT) for the quarter amounted to Rs 65.4 crore and the EBIT margin stood at 7.87 per cent. The company reported PAT of Rs 73.5 crore, which represents a sequential QoQ increase of 31.02 per cent and a YoY increase of 2 per cent.

KPIT Technologies Ltd is a technology solutions partner for global manufacturing corporations, with special focus on automotive, energy and utilities, industrial equipments and semiconductor industries. 

The company's stock, which opened for trading at Rs 143.8 on the BSE, during day’s trading session, rose 2.4 per cent intra-day as compared to previous close of Rs. 143.5.