Indian technology company KPIT TECH has announced the results of the second quarter of the current financial year. Giving information in the exchange, the company said that there has been a slight decline in its profits, while there has been an increase in earnings.

The company's profit has declined by Rs 1 crore on a quarter-on-quarter basis. The company's profit has fallen by Rs 1 crore to Rs 203 crore. The company's EBITDA has also increased. EBITDA has increased from Rs 289 crore to Rs 301 crore.

Talking about earnings, it has increased. With a jump of Rs 106 crore, the company's earnings in the second quarter have reached Rs 1471 crore. The company's EBITDA margin declined from 21.1% to 20.5% on an annual basis.

 KPIT Technology 

CMP: Rs 1,726 | Target: Rs 2,500 | Stop Loss: Rs 1,500 | Before Diwali, Prabhudas Lilladher Capital has given a strong view on this stock. According to the report - This stock has been in a strong uptrend for a long time and recently with some consolidation, it is trading within a range with positive prejudice. Currently, a decisive breach above the level of Rs 1,900 will signal a breakout for a new upward move with the RSI rising and much more upside potentially rising. 

Stock Performance

Talking about the stock of KPIT TECH Q2, it has given a return of 46.50 percent in 1 year. In 3 years, the stock has given a return of about 412 percent. From January till now, the stock has given a return of 11.56 percent.