KPIT Tech Q3 results show 2% revenue growth, profit down 21%
after close1 source ↓written by the desknot a recommendation
- following its Q3
- 5%
- in net profit
- 21% drop
- due
- ₹133 cr
- sequentially
- 1.9%
- sequentially
- ₹1,617 cr
Shares of KPIT Technologies Ltd. fell 5% following its Q3 results, revealing a 21% drop in net profit to ₹133 cr due to a one-time impact of ₹59.7 cr from the new labour code. Revenue rose 1.9% sequentially to ₹1,617 cr, but organic growth was negative, raising concerns for traders.
Not investment advice. For informational purposes only.