KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore

Pune-headquartered auto-tech company KPIT Technologies reported a jump of 50.6 per cent year-on-year (Y-o-Y) in its net profit for the third quarter of financial year 2024-25 at Rs 156.7 crore.

The company reported a revenue of Rs 1,257 crore, up 37 per cent Y-o-Y. The auto-tech services player was confident that it will meet its revenue growth guidance for the financial year at 37 per cent. In the second quarter of FY24, the company had upped its revenue guidance expectation for FY24 to 37 per cent from the earlier 27-30 per cent.

The company’s order book for the third quarter stood at $189 million, up from $156 million reported in Q2, FY24. Growth was led by the passenger vehicles segment in Europe and Asia, said the company.