KPIT Technologies shares zoomed 6 percent after its constant currency (CC) growth in FY24 beat the company’s guidance. For FY25, the company expects a revenue growth of 18-22 percent.
The company also declared a dividend of Rs 4.6 a share for the quarter.
In FY24, KPIT Technologies recorded a CC growth of 39.1 percent, which was higher than the company’s increased guidance for the year. The company recorded a revenue of $587 million, a 40.4 percent growth in USD terms.
In the March quarter, the company’s net profit increased 48.04 percent YoY to Rs 165.19 crore, Revenue was at Rs 1,317.8 crore, an increase of 29.53 percent.
For FY25, the company guided for 18-22 percent revenue growth and EBITDA margin at 20.5 percent.
At 2.17 pm, the stock was trading over 6 percent higher at Rs 1,510.
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