KPIT Technologies Q1 Results Total Income ₹1,364.63 Crore (24.33%) & Operating Profit ₹275.27 Crore (63.04%)

KPIT Technologies Q1 Results: The KPIT Technologies Q1 financial results show strong growth in several key areas. For the quarter ending June 2024, the company reported a total revenue of ₹1,364.63 crores, which is up 24.33% year-over-year (YoY) from ₹1,097.62 crores in June 2023. This indicates that KPIT Technologies earned significantly more revenue compared to the same quarter last year. When compared to the previous quarter, March 2023, where revenue was ₹1,017.37 crores, there is a 33.95% increase quarter-on-quarter (QoQ).

KPIT Technologies’ selling, general, and administrative (SG&A) expenses also increased YoY by 22.54%, rising from ₹713.54 crores in June 2023 to ₹874.37 crores in June 2024. This shows that while expenses grew, they were managed well relative to revenue growth. Operating income, which represents the profit from core operations, surged by 63.04% YoY, reaching ₹275.27 crores from ₹168.84 crores a year ago.

KPIT Technologies’ Net income before taxes and net income both saw substantial YoY increases as well. Net income grew 52.36% YoY to ₹204.16 crores from ₹134.00 crores in June 2023. This improvement reflects strong financial health and efficient management of expenses. Overall, KPIT Technologies has shown impressive YoY growth across revenue, operating income, and net income.

Here are the Q1 financial results for KPIT Technologies:

(All figures in crores except per share values)

Source: Here 

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KPIT Technologies Q1 Results

Here is a summary of KPIT Technologies' unaudited consolidated financial results for the quarter ended June 30, 2024, compared to the previous periods:

KPIT Technologies Financial Metrics

KPIT Technologies is a company with a market capitalization of ₹48,192 crores, meaning it's worth this amount in the stock market. The current price of its stock is ₹1,758. The stock has reached a high of ₹1,929 and a low of ₹1,038 recently. The Price-to-Earnings (P/E) ratio is 72.8, indicating how much investors are willing to pay for each rupee of the company's earnings. The book value per share is ₹78.3, representing the company's value per share based on its assets and liabilities. The dividend yield is 0.37%, showing the return on investment from dividends.

Here's the financial data in table format:

Quarterly Results 

For KPIT Technologies, the data for December 2023, March 2024, and June 2024 shows steady financial growth. In December 2023, the company earned Rs. 1,257 crores in sales and had expenses of Rs. 998 crores, resulting in an operating profit of Rs. 259 crores and a net profit of Rs. 157 crores. By March 2024, sales increased to Rs. 1,318 crores, with expenses rising to Rs. 1,045 crores. Operating profit grew to Rs. 272 crores, and net profit reached Rs. 166 crores. 

Here is the data for December 2023, March 2024, and June 2024:

About KPIT Technologies 

KPIT Technologies is a global leader in software development and integration for the automotive and mobility sectors. The company specializes in creating advanced software solutions that are essential for modern vehicles, which now rely heavily on technology. KPIT’s work focuses on making vehicles smarter, cleaner, and safer by integrating software with hardware. They have a vast network with offices in Germany, the USA, Japan, India, Korea, and China, allowing them to work closely with major automotive companies around the world.

With over 13,000 employees, KPIT brings a wealth of expertise in embedded software, artificial intelligence (AI), and digital solutions. They have invested heavily in building their capabilities to handle the complex demands of today’s automotive industry. KPIT helps their clients by providing strategic software partnerships and solving challenges related to software integration, performance optimization, and compliance with industry standards like AUTOSAR and cybersecurity.

KPIT’s goal is to drive the future of mobility by supporting the shift to software-defined vehicles. They are committed to advancing technology and innovation to create a better future for transportation, making mobility more connected, autonomous, shared, and electric.