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KPIT Cummins Q4 net up 2.4% to Rs 14.06cr
KPIT Cummins has announced its Q4FY07 results. The company's net profit has increased by 2.4% to Rs 14.06 crore from Rs 13.5 crore in previous quarter.
KPIT Cummins has announced its Q4FY07 results. The company's net profit has increased by 2.4% to Rs 14.06 crore (Rs 140.6 million) from Rs 13.5 crore (Rs 135 million) in previous quarter.
Revenue rose by 11.27% to Rs 130.3 crore (Rs 1.3 billion) from Rs 117.1 crore (Rs 1.17 billion).
For FY07, the company has posted net profit of Rs 50.48 crore (Rs 504.8 million) versus Rs 22.29 crore (Rs 222.9 million), a growth of 126.46% and revenue at Rs 463.73 crore (Rs 4.63 billion) versus Rs 228.05 crore (Rs 2.28 billion), up by 103.34%.
KPIT has added 4 new customers in fourth quarter and upgraded 2 customers to Star category.
Operating profit Margin
Q1FY07:14.89%
Q2FY07:15.68%
Q3FY07: 15.2%
Q4FY07: 15.77%
Guidance FY08
Net profit at Rs 70-73 crore; up 39-45%
According to CNBC-TV18 estimates, KPIT's net profit was seen at Rs 14.22 crore (Rs 142.2 million) and revenues at Rs 126.2 crore (Rs 1.26 billion) For FY07, the company was expected to post net profit at Rs 50.64 crore (Rs 506.4 million) and revenues at Rs 459.59 crore (Rs 4.59 billion).
