KPIT Tech Q4 Earnings: Profit Muted QoQ; 46% Final Dividend Proposed; 18-22% Growth Seen In FY25

KPIT Technologies, an IT software player, has announced its financial performance for the March quarter, signalling a trajectory of strong growth ahead. The company's earnings report, released on Monday, April 29, highlights strides in revenue, net profit, and dividends. For the financial year 2025, KPIT anticipates robust revenue growth ranging between 18% to 22%, with a margin exceeding 20.5%.

In the quarter ending March 31, 2024, KPIT Technologies recorded a marginal uptick in net profit, reaching Rs 164.3 crore compared to Rs 155.3 crore in the previous quarter. The company's top line also saw an increase, rising by 5% quarter-on-quarter to Rs 1,321 crore from Rs 1,260 crore in the last quarter.

EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) witnessed a growth of 5.7%, reaching Rs 277 crore for the quarter, up from Rs 262 crore recorded in the December quarter. Reflecting solid operational efficiency, KPIT's EBITDA margin stood at 21%, compared to 20.8% in the preceding quarter.

KPIT Technologies proposed a final dividend of Rs 4.60 per equity share for the financial year 2024. This recommendation translates to a total payout of 46%. However, the dividend proposal is contingent upon approval by the shareholders at the upcoming annual general meeting (AGM). If sanctioned, the dividend will be disbursed within the stipulated statutory timeline, as affirmed by the company statement.

The market responded positively to KPIT Tech's performance, with its shares surging by nearly 7% to Rs 1,509.75 per share at the close of Monday's trading session on the National Stock Exchange (NSE). Notably, the stock has witnessed gains of almost 55% over the past year.

The company was started by two chartered accountants, Ravi Pandit and Kishor Patil in Pune during the late 1980s. With roots firmly planted in Pune's entrepreneurial ecosystem, KPIT Technologies blossomed into a player in the global IT space.