KPIT Technologies up 10% Amid Positive Margin Guidance

After raising its EBIT margin guidance for FY25, shares of KPIT Technologies Ltd surged by 10% in today's trading session. This comes after the company reported its Q3 numbers.

The company now sees EBITDA margin of over 21%, compared to earlier guidance of over 20.5%. It has also maintained its revenue growth guidance between 18%-22% in constant currency terms

KPIT Tech reported a net profit of ₹1,478 crore compared to ₹1,257 crore in the same quarter in the previous year, while Earnings Before Interest and Tax (EBIT) surged by 22% to ₹254 crore.

Co-founder, MD & CEO Kishor Patil stated that the company's profit increased amid changes in revenue mix and better productivity despite depreciation in the currency, which in turn prompted the company to increase its margin outlook for the financial year.

Notably, company won deals worth $236 million during the December quarter

As of 2:50 pm, shares of KPIT Technologies Ltd are trading at ₹1,367.85, up 8.64%.