Buy KPIT Technologies, target price Rs 2030: JM Financial
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Synopsis
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
By ETMarkets.com
JM Financial has buy call on KPIT Technologies with a target price of Rs 2030. The current market price of KPIT Technologies Ltd. is Rs 1692.95.
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1334.43 Crore, up 4.60 % from last quarter Total Income of Rs 1275.75 Crore and up 30.36 % from last year same quarter Total Income of Rs 1023.63 Crore. Company reported net profit after tax of Rs 166.46 Crore in latest quarter.
Promoters held 39.47 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.98 per cent, DIIs 13.98 per cent.
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KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 44815.66 Crore) operating in IT Software sector. KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1334.43 Crore, up 4.60 % from last quarter Total Income of Rs 1275.75 Crore and up 30.36 % from last year same quarter Total Income of Rs 1023.63 Crore. Company reported net profit after tax of Rs 166.46 Crore in latest quarter.
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Promoter/FII Holdings Promoters held 39.47 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.98 per cent, DIIs 13.98 per cent.
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