May 19, 2024

KPIT Applied sciences, an auto industry-focussed software program and engineering agency, reported a 50.64 % year-on-year enhance in web revenue to Rs 156.75 crore for the third quarter ended December 30. This sturdy development comes at a time when the general IT providers sector recorded a seasonally weak quarter and muted development amid macroeconomic uncertainties.

The corporate’s web revenue grew by 10.86 % over the past quarter, whereas its consolidated income jumped by 37.06 % over the past 12 months and by 4.8 % over the past quarter to Rs 1,256 crore within the December quarter of FY24, in accordance with BSE filings. The corporate’s EBIT margin expanded to 16.6 %, up from 16 % in Q2FY4.

Story continues beneath Commercial

The corporate’s board of administrators introduced an interim dividend of Rs 2.10 per fairness share (about 21 %) of face worth of Rs 10 every, for the monetary 12 months 2023-24.

It is a creating story. Please verify again for updates.