Shares of KPIT Technologies surged 6.10% to ₹1,453.65 on Tuesday, continuing their positive momentum from the previous session, where they jumped 12%. This rally comes in response to the company’s strong Q3 FY25 results and raised guidance for the fiscal year.
KPIT Technologies reported a 20% year-on-year (YoY) increase in consolidated net profit, reaching ₹187 crore in the December quarter, compared to ₹155 crore in the year-ago period. Revenue for the quarter stood at ₹1,478 crore, up 17.6% from ₹1,257 crore in the same period last year. The company’s growth was further bolstered by its raised EBIT margin guidance, reflecting its improved operating efficiency.
The company announced that its EBITDA margin for FY25 is now expected to exceed 21%, up from the previous guidance of over 20.5%. KPIT Tech maintained its constant currency revenue growth target in the range of 18-22%, highlighting its continued confidence in future growth.
Additionally, KPIT Tech secured new engagements worth $236 million during the quarter. Kishor Patil, Co-founder, CEO, and MD, emphasized the company’s focus on leveraging automotive-specific AI solutions. Patil highlighted that the company is developing human-centric AI solutions aimed at creating value for clients while expanding its talent pool for long-term growth.
The stock’s recent gains follow a rebound from three consecutive sessions of decline earlier. The company’s positive outlook and strategic investments in AI and automotive technologies have been key drivers behind its ongoing rally.
Stock Performance: KPIT Technologies opened at ₹1,410.65, reaching a high of ₹1,479.00 during the session. With a market capitalization of ₹393.70 billion, the stock has been one of the most active gainers this week, reflecting robust investor sentiment.
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