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Business News/ Companies / Company-results/  KPIT Technologies Q1 net profit rises 17.1%
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KPIT Technologies Q1 net profit rises 17.1%

The company posted net profit at Rs33.5 crore from Rs28.6 crore a year earlier

On a sequential basis, the company’s net profit declined by 26.6%. Photo: Pradeep Gaur/MintPremium
On a sequential basis, the company’s net profit declined by 26.6%. Photo: Pradeep Gaur/Mint

Mumbai: KPIT Technologies Ltd posted a 17.1% rise in fiscal first-quarter net profit at Rs33.5 crore from Rs28.6 crore in the year-ago period.

On a sequential basis, net profit declined by 26.6%.

This was on account of wage hikes, visa costs and rupee depreciation of 3% in the quarter, impacting India revenues.

Shares of KPIT Technologies fell 1.58% to Rs174.65 on Tuesday on BSE, while the benchmark Sensex gained 1.21% to 26,025.80 points.

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Published: 22 Jul 2014, 10:14 PM IST
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