Company Financials
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 505.75 crore, up .89 % from last quarter Sales of Rs 501.27 crore and unchanged from last year same quarter sales. The company has reported net profit after tax of Rs 31.01 crore in the latest quarter.
Investment Rationale
The company would give a 30% EBITDA CAGR as it broadens client mining to capitalize on added customer spend on technology, according to the brokerage. The slowdown in sales of vehicles doesn’t impact KPIT, since it is primarily involved in production programmes, which typically start three years prior to actual model launches. By this definition, KPIT’s business is more geared to launches and production expectations for FY21, added the brokerage.
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