KPIT Technologies shares extend gains for second day post-Q3 results

KPIT Technologies shares rise 8% with robust Q3FY25 performance

KPIT Technologies Ltd shares extended gains for second day on January 30 post-December quarter results.  The company expects EBIT margin to be over 21 percent for FY25, while net profit rose 19.27 percent year-on-year and revenue grew 17.6 percent in Q3.

KPIT Technologies Limited shares are currently trading at Rs 1,448.3 apiece, a gain of 5.71 percent.

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The company released its third quarter ended December 2024 earnings on January 29. It reported a 19 percent increase in consolidated net profit at Rs 187 crore for the December 2024 quarter as against Rs 155 crore in the same period last year. Revenue for the quarter rose 17.6 percent year-on-year to Rs 1,478 crore, compared to Rs 1,257 crore in the October-December 2023 period.

The company raised its EBIT margin guidance for FY25, now expecting an EBITDA margin of over 21 percent, up from the previous forecast of over 20.5 percent. KPIT retained its constant currency revenue growth guidance in the range of 18-22 percent. Additionally, KPIT secured $236 million worth of engagements during the quarter.

CEO Kishor Patil emphasised on the company’s focus on AI technologies, particularly tailored to automotive-specific data, stating that these investments will enhance the talent pool and create new opportunities for future growth.

KPIT Technologies also mentioned that the concerned quarter saw engagements worth $236 million.  The company is spreading across new sub-verticals, such as trucks and off-highway vehicles, and are expected to contribute to growth starting from the second half of the next financial year. KPIT Tech is also exploring and establishing new partnerships with passenger car and truck manufacturers in China and across Europe.