KPIT Technologies Ltd is one of the leading software provider for automotive companies. Basically it provides iT solutions to the automobile companies. It is headquartered in Pune Maharashtra. KPIT has development centers in Europe, USA, Japan, China, Thailand, and India. It is in fact A multinational company.
KPIT technologies has published its December quarter result it 2021. In september quarter 2021 the sales figure was rupees 591 crores which jumped to rupees 622 crore in December 2021 quarter. Its operating profit in September quarter was rupees 104 which jumped to rupees 115 crores in December 2021 quarter. Coming towards profit before tax [PBT] was rupees 88 crores as compared to September 2021 quarter was Rs 82 crores. Net profit for December 2021 quarter was rupees 70 crores against its September 2021 quarter was rupees 65 crores. EPS i.e. Earning per share of of KPIT Technologies was 2.37 in September Quarter and it jumped to 2.55 in December 2021 Quarter.
If we see the growth of the company it is increasing in terms of sales, operating profit, net profit, EPS in every quarter. Here we are expecting the same growth outline in the coming quarters also. We would like to give a buy call on KPIT technologies with a target price of rupees 800 for 2 to 3 months.