The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved the voluntary liquidation and dissolution of Somit Solutions Inc., wholly owned step-down subsidiary. Powered by Capital Market - Live News

The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved appointment of Vijay Keshav Gokhale as an Additional & Independent Director, with effect from 23 October 2024. Powered by Capital Market - Live News

Net profit of KPIT Technologies rose 44.66% to Rs 203.75 crore in the quarter ended September 2024 as against Rs 140.85 crore during the previous quarter ended September 2023. Sales rose 22.70% to Rs 1471.41 crore in the quarter ended September 2024 as against Rs 1199.16 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1471.411199.16 23 OPM %20.2220.01 - PBDT339.20234.96 44 PBT283.11186.87 52 NP203.75140.85 45 Powered by Capital Market - Live News

The Board of KPIT Technologies at its meeting held on 23 October 2024 has approved raising of funds up to Rs 2,880 through issue of securities. Powered by Capital Market - Live News

KPIT Technologies has completed the 1st Milestone of Euro 14.5 million out of the maximum variable consideration of Euro 30 million for acquisition of Technica Group. Breakup of Euro 14.5 million is as follows:- Euro 9.5 million is towards earnout towards achievement of performance conditions & - Euro 5 million towards acquisition of KPIT engineering SUARL, Tunisia. This is the nearshore development center for Technica GmbH, who is their sole customer.Powered by Capital Market - Live News