KPIT Technologies Q1 net profit grows 30%

KPIT Technologies posted nearly 30 percent rise in consolidated net profit at Rs 55 crore for the first quarter ended June 2016.

The company's income from operations rose nearly 6 percent to Rs 803.2 crore as against Rs 759.3 crore in the year-ago period, according to a company filing on BSE.

KPIT Technologies, formerly KPIT Cummins Infosystems, said revenue from the US market grew 3 percent while revenue from the UK and Europe rose 22 percent and the rest of the world 9 percent on a year on year basis.