KPIT Technologies Limited Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 11:53 am
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KPIT Technologies Limited announced consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported sales of INR 9,127.66 million compared to INR 8,306.78 million a year ago. Profit before other income, finance costs and exceptional items were INR 785.50 million against INR 654.39 million a year ago. Profit before tax was INR 786.60 million against INR 878.87 million a year ago. Net profit for the period was INR 619.02 million against INR 735.83 million a year ago. PAT was INR 616.78 million against INR 735.83 million a year ago. Fully diluted EPS was INR 3.10 against INR 3.68 a year ago.
For the nine months, the company reported sales of INR 26,991.50 million compared to INR 24,648.98 million a year ago. Profit before other income, finance costs and exceptional items were INR 2,100.17 million against INR 2,037.08 million a year ago. Profit before tax was INR 2,309.85 million against INR 2,356.54 million a year ago. Net profit for the period was INR 1,777.69 million against INR 1,848.17 million a year ago. PAT was INR 1,768.51 million against INR 1,848.17 million a year ago. Fully diluted EPS was INR 8.88 against INR 9.24 a year ago. Cash generated from operations was INR 202 million.
Birlasoft Limited is an India-based company, which provides cloud, artificial intelligence (AI), and digital technologies, combining domain expertise with enterprise solutions. The Company provides software development, global information technology (IT) consulting to its clients, predominantly in banking, financial services and insurance, life sciences and services, energy resources and utilities and manufacturing (which mainly includes discrete manufacturing, hi-tech & media, auto and consumer packaged goods) verticals. The Company's services include digital, enterprise technologies and services, and cloud and infrastructure. Its digital services include customer experience, data analytics, connected products, intelligent automation, cloud, blockchain and generative AI. Its enterprise technologies and services include Oracle and JD Edwards, SAP, Infor, Microsoft, PTC, AWS and Google Cloud. Its Cloud and Infrastructure services include OneCloud, Anywhere Workplace and Cybersecurity.