Buy KPIT Technologies, target price Rs 2030: JM Financial

JM Financial has buy call on KPIT Technologies with a target price of Rs 2030. The current market price of KPIT Technologies Ltd. is Rs 1692.95.

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 44815.66 Crore) operating in IT Software sector.

KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1334.43 Crore, up 4.60 % from last quarter Total Income of Rs 1275.75 Crore and up 30.36 % from last year same quarter Total Income of Rs 1023.63 Crore. Company reported net profit after tax of Rs 166.46 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 39.47 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.98 per cent, DIIs 13.98 per cent.