Shares of KPIT Technologies Ltd. fell as much as 9% in Thursday’s trading session after the management, in a post-earnings interaction with CNBC-TV18, shared a cautious outlook for the second half of the current financial year.
Patil alluded to certain project delays that resulted in this cautious commentary but the underlying growth remains good.
Pune-headquartered KPIT Technologies Ltd. had reiterated its financial year 2025 revenue growth guidance and profitability outlook for the entire year when it reported its September quarter results on Wednesday.
The company said its FY25 revenue growth guidance is in the range of 18-22%, while its EBITDA margin guidance stood at 20.5%.
KPIT Tech’s net profit remained unchanged at ₹204 crore compared to the June quarter, while revenue increased by 8% to ₹1,471 crore.
EBITDA or earnings before interest, tax, depreciation and amortisation rose 4% to ₹301 crore, while the operating profit margin stood at 20.5%.
Besides, the board of KPIT Technologies has approved raising up to ₹2,880 crore through a qualified institutions placement (QIP) or any other permissible method, the company said in a filing.
The funds could be raised by the company in one or more tranches through QIP. Patil also highlighted that the company will be looking at some strategic acquisitions over the next six to nine months.
Shares of KPIT Tech are currently trading 9.4% lower at ₹1,481.55.
Content retrieved from: https://www.cnbctv18.com/market/kpit-technologies-q2-results-profit-unchanged-margin-narrows-from-june-board-approves-fund-raise-19497519.htm.
