Speaking from the sidelines of an investor conference held by Antique Stock Broking, KPIT Technologies senior VP and corporate finance head Anil K Patwardhan told CNBC-TV18‘s Anuj Singhal and Reema Tendulkar the company was confident of meeting the USD 498 million revenue forecast it had laid out earlier for the full fiscal year.
Mid-tier IT firm KPIT Technologies posted consolidated net profit of Rs 65.32 crore on revenues of Rs 779.81 crore for the December quarter. In comparison, the company had notched up profit of Rs 70.55 crore on revenues of Rs 757 crore.
The deal pipeline is getting built around automotive transportation, manufacturing and in energy and utilities verticals and the organic growth target is set at 14-16 percent in top-line