Buy KPIT Technologies, target price Rs 2030: JM Financial
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Synopsis
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1334.43 Crore, up 4.60 % from last quarter Total Income of Rs 1275.75 Crore and up 30.36 % from last year same quarter Total Income of Rs 1023.63 Crore. Company reported net profit after tax of Rs 166.46 Crore in latest quarter.
Promoters held 39.47 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.98 per cent, DIIs 13.98 per cent.
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