KPIT Technologies announced the appointment of Rajesh Kumar Singh as Global HR Head in the capacity of Sr. Vice President. He replaces Shashwat Mitra, who resigned as Global HR Head with effect from 05 November 2024. Powered by Capital Market - Live

KPIT Technologies Ltd fell 2.85% today to trade at Rs 1344.4. The BSE Teck index is down 0.77% to quote at 19234.84. The index is down 3.39 % over last one month. Among the other constituents of the index, Bharti Airtel Ltd decreased 1.44% and Infosys Ltd lost 1.34% on the day. The BSE Teck index went up 37.33 % over last one year compared to the 24.43% surge in benchmark SENSEX. KPIT Technologies Ltd has lost 19.48% over last one month compared to 3.39% fall in BSE Teck index and 6.78% drop in the SENSEX. On the BSE, 3702 shares were traded in the counter so far compared with average daily volumes of 69431 shares in the past one month. The stock hit a record high of Rs 1928.75 on 12 Jul 2024. The stock hit a 52-week low of Rs 1125.55 on 30 Oct 2023.Powered by Capital Market - Live

L T Foods Ltd, Dr Lal Pathlabs Ltd, V I P Industries Ltd and Kirloskar Ferrous Industries Ltd are among the other losers in the BSE's 'A' group today, 24 October 2024.KPIT Technologies Ltd crashed 13.08% to Rs 1418.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.75 lakh shares were traded on the counter so far as against the average daily volumes of 51410 shares in the past one month.L T Foods Ltd lost 10.49% to Rs 362.8. The stock was the second biggest loser in 'A' group.On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 64977 shares in the past one month.Dr Lal Pathlabs Ltd tumbled 6.98% to Rs 3025.4. The stock was the third biggest loser in 'A' group.On the BSE, 22404 shares were traded on the counter so far as against the average daily volumes of 5805 shares in the past one month.V I P Industries Ltd shed 6.74% to Rs 474.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 63014 shares in the past one month.Kirloskar Ferrous Industries Ltd fell 6.42% to Rs 594.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 94217 shares were traded on the counter so far as against the average daily volumes of 58236 shares in the past one month.Powered by Capital Market - Live

The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved the voluntary liquidation and dissolution of Somit Solutions Inc., wholly owned step-down subsidiary. Powered by Capital Market - Live

The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved appointment of Vijay Keshav Gokhale as an Additional & Independent Director, with effect from 23 October 2024. Powered by Capital Market - Live

Net profit of KPIT Technologies rose 44.66% to Rs 203.75 crore in the quarter ended September 2024 as against Rs 140.85 crore during the previous quarter ended September 2023. Sales rose 22.70% to Rs 1471.41 crore in the quarter ended September 2024 as against Rs 1199.16 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1471.411199.16 23 OPM %20.2220.01 - PBDT339.20234.96 44 PBT283.11186.87 52 NP203.75140.85 45 Powered by Capital Market - Live

The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved raising of funds up to Rs 2,880 through issue of securities. Powered by Capital Market - Live

KPIT Technologies has completed the 1st Milestone of Euro 14.5 million out of the maximum variable consideration of Euro 30 million for acquisition of Technica Group. Breakup of Euro 14.5 million is as follows: - Euro 9.5 million is towards earnout towards achievement of performance conditions & - Euro 5 million towards acquisition of KPIT engineering SUARL, Tunisia. This is the nearshore development center for Technica GmbH, who is their sole customer.Powered by Capital Market - Live

KPIT Technologies (KPIT) has acquired further 13% stake to take the total shareholding of the company to 26% in N-Dream AG, a Cloud based Game Aggregation Platform company, based in Switzerland. With this additional share purchase, KPIT continues to hold minority and non-controlling equity holding in N-Dream AG. The additional stake was acquired for a cash consideration of Euro 2.3 million in primary investment and Euro 0.7 million in secondary investment. Powered by Capital Market - Live

KPIT Techs. will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live