Trending stocks: Shares of KPIT Technologies jump 5%

NEW DELHI: Shares of KPIT Technologies traded 4.88 per cent up in Friday's trade at 10:46 am. Around 98,976 shares changed hands on the counter. The stock opened at Rs 35.3 and touched an intraday high and low of Rs 36.55 and Rs 35.05, respectively, in the session so far.

The IT firm said it expected its Q4FY20 and FY21 revenues to be impacted as a result of the disruptions at development centres globally on account of the Covid-19 outbreak.

The stock quoted a 52-week high of Rs 118.3 and a 52-week low of Rs 34.45.


Financials
KPIT Technologies, incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 966.36 crore) operating in IT Software sector.

The company reported net profit after tax of Rs 40.93 crore for the quarter ended 31 December, 2019. For the quarter ended 31-12-2019, the company has reported Consolidated sales of Rs 550.09 crore, up 1.10 per cent from last quarter Sales of Rs 544.10 crore and up 292.96 per cent from last year same quarter Sales of Rs 139.99 crore.

KPIT Technologies key products/revenue segments include software services which contributed Rs 230.18 crore to sales value (99.94 per cent of total sales) and sale of products which contributed Rs 0.12 crore to sales value (0.05 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 41.60202 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 7.18 and price to book value of 1.02.