Shares of KPIT Technologies snapped a three-day losing streak and rose above 4.9%, the best day in over six weeks. The company reported growth in net profit, revenue and Ebitda in the quarter-ended March while margin expanded to 19.55%.
Q4FY2022 (Consolidated, YoY)
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Net profit up 50% at Rs 78.88 crore vs Rs 52.46 crore
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Revenue up 21% at Rs 651.76 crore vs Rs 540.33 crore
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Ebitda up 38% at 127.40 crore vs Rs 92.04 crore
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Ebitda margin at 19.55% vs 17.03%
The relative strength index on the stock is at 28, suggesting it may be oversold. Of the 11 analysts tracking the company, five maintain ‘buy’, three suggest ‘hold’ and three recommend ‘sell’. The return potential on the stock is 23.3%.
Source: Exchange Filing, Bloomberg
