KPIT Technologies reports a 19% increase in net profit for Q3 FY25, reaching ₹186.97 crore, with a 17.6% rise in revenue. A ₹2.50 per share dividend is declared.
India-based KPIT Technologies has posted a 19.27% year-on-year increase in its net profit for the quarter ending December 2024, reaching ₹186.97 crore, compared to ₹156.75 crore in the same period last year. Additionally, the company has declared an interim dividend of ₹2.50 per share for FY25, with the record date set for February 4, 2025.
For the quarter, KPIT Technologies reported revenues of ₹1,477.96 crore, marking a 17.6% growth from ₹1,256.96 crore in Q3FY24. However, sequentially, net profit declined by more than 8% from ₹203.75 crore in Q2FY25, while revenues dropped by 1.3% from ₹1,523.31 crore in the previous quarter.
The company’s operating performance improved, with Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) margins rising to 21.1% from 20.8% in the prior quarter, due to productivity improvements and a better revenue mix. KPIT Technologies also closed engagements worth $236 million in Q3.
On the stock market, KPIT Technologies shares opened at ₹1,262, slightly up from the previous close, and surged to an intraday high of ₹1,367.55, reflecting an 8.5% gain.
The company’s board has also approved a dividend of ₹2.50 per share (25% of face value), to be paid to shareholders within the stipulated time.
About KPIT Technologies:
KPIT Technologies, headquartered in India, is a leading provider of IT services and solutions, specializing in the automotive and industrial sectors. The company offers software development, technology consulting, and product engineering services to clients globally. It has a strong focus on innovation and sustainability, positioning itself as a key player in the digital transformation of industries.
