IT stock jumps 12% after it reports 19.27% YoY increase in net profitsIT stock jumps 12% after it reports 19.27% YoY increase in net profits

Introduction:

Leading IT company reported strong financial performance for Q3 FY24, with a 19.27% rise in net profit and a 17.6% revenue surge. Improved EBIT margins and an upward revision in EBITDA guidance reflect sustained growth momentum and operational efficiency.

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Share price movement of KPIT Technologies:

On January 29, 2025, KPIT Technologies Ltd opened at ₹1,262.00, up 0.09% from its previous close of ₹1,260.70. The stock reached a high of ₹1,404.65 (11.42%) and a low of ₹1,223.75. By 3:14 PM, it traded at ₹1,369.55, an 8.63% increase, with a market cap of ₹37,545.37 crore.

KPIT Technologies Reports Profit Growth in Q3 FY24:

KPIT Technologies Ltd. reported a 19.27% year-on-year increase in net profit for Q3 FY24, reaching ₹186.97 crore. Revenue from operations surged 17.6% to ₹1,477.96 crore, compared to ₹1,256.96 crore in the same quarter last year.

The company’s EBIT rose 3.3% sequentially to ₹254 crore, with EBIT margins improving to 17.2% from 16.7% in the previous quarter. KPIT Technologies continues to strengthen its financial performance, reflecting steady operational growth and increased efficiency across its key business verticals.

KPIT Technologies revised its EBITDA margin guidance upwards to over 21%, from the earlier forecast of over 20.5%. It retained its constant currency revenue growth guidance in the 18-22% range, signaling strong confidence in its growth trajectory for upcoming quarters.

Stock performance of KPIT Technologies for Period of 1 week, 6 months and 1 year:

KPIT Technologies Ltd. gained 5.62% over the past week but saw a 25% decline in six months and a 6.12% drop over the past year. Despite short-term gains, the stock reflects volatility amid broader market conditions.

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Shareholding pattern of  KPIT Technologies:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	39.50%	39.50%	39.50%
FII	17.40%	21.00%	22.20%
DII	20.40%	18%	16.60%
Public	21.80%	21.10%	20.60%
Others	1.00%	1.00%	1.00%

About  KPIT Technologies:

KPIT Technologies Ltd. (NSE: KPITTECH) is a global technology leader in automotive and mobility software solutions. With 13,000+ experts, it specializes in embedded software, AI, and digital solutions, enabling next-generation mobility across global markets, including Europe, USA, and Asia.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.