Review

KPIT TECHNOLOGIES LTD

Ticker : 542651
FV: ₹10
52-Week H/L: ₹800/200.6

We recommended KPIT Technologies Limited in volume no. 38, issue no. 21 (dated March 14, 2022) when the scrip was trading at Rs 588.45. On a consolidated basis, in Q4FY22, the company recorded net sales and other operating income of Rs 651.76 crore, higher by 20.62 per cent than Rs 540.33 crore reported in Q4FY21. The operating profit was recorded at Rs 134.44 crore in Q4FY22, a robust rise of 43.23 per cent as compared to an operating profit of Rs 93.87 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 80.05 crore in comparison with a net profit of Rs 52.75 crore in Q4FY21, giving a significant rise of 51.75 per cent. In the last quarter, the company witnessed broad-based growth across commercial vehicles and passenger car verticals. In terms of deal closures, the quarter was also a decent one. Hence, bearing an optimistic view for the coming quarters, we recommend HOLD.