KPIT Technologies reported a marginal rise in the net profit at ₹164.3 crore in the quarter ended on March 31, 2024. The company had reported a net profit of ₹155.3 crore in the previous quarter.
The topline of the company rose 5% quarter-on-quarter (QoQ) to ₹1,321 crore, compared to ₹1,260 crore in the last quarter.
EBITDA or Earnings Before Interest, Tax, Depreciation and Amortisation rose 5.7% to ₹277 crore for the quarter from ₹262 crore recorded in the December quarter.
The company’s EBITDA margin stood at 21%, compared to 20.8% a quarter ago.
The company recommended a final dividend of ₹4.60 per equity share for the financial year 2024.
This will result in a total payout 46%, KPIT Technologies said while announcing its March quarter earnings.
The dividend will be subject to approval by the shareholders at the next annual general meeting, according to the company statement.
The dividend, if declared by the members at the AGM, will be paid within the statutory timeline, the company said.
Following the announcement of numbers, shares of KPIT Technologies rebounded sharply, about 2.55% to ₹1,461 from day’s low at 1,407. The scrip had settled at ₹1,414.95 in the previous trading session on Friday.
