KPIT board has approved a fundraise of Rs 2,880 crore via a qualified institutions placement (QIP), the company said in an exchange filing. The board also approved the financial results for the quarter and half year ended September 30, 2024.
The company on Wednesday reported a flat consolidated net profit at Rs 204 crore in September 2024 quarter Quarter on Quarter. The revenue is up 8 percent sequentially at Rs 1,471 crore during the July-September period of the current 2024-25 fiscal, the company said in exchange filing. In the June quarter, the revenue was reported at Rs 1,364 crore.
KPIT's Earnings before interest, taxes, depreciation and amortization (EBITDA) was up 4 percent at Rs 301 crore in the reporting period, compared to Rs 289 crore in the previous quarter, while EBITDA margin was reported at 20.5 percent against 21.2 percent in the previous quarter of the current fiscal.
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