The Hindu Business Line : KPIT Cummins net up 19% in Q2

KPIT Cummins Infosystems Ltd has registered a 11.04 per cent rise in consolidated revenues, touching Rs 77.68 crore for the second quarter ended September 30, 2005, against Rs 69.96 crore in the first quarter of the current fiscal. The net profit grew by 19.21 per cent to Rs 7.62 crore (Rs 6.39 crore). The earnings per share stood at Rs 5.30 for the quarter, up from Rs 4.54 for the previous quarter.

Announcing the results, Mr Ravi Pandit, Chairman and Group Chief Executive Officer, KPIT, said the revenues from the Advanced Technology Solution (ATS) line of business had grown 20 per cent sequentially in the second quarter. The BPO subsidiary bagged its first significant contract for a technical helpdesk solution with a large multinational. Work on the contract would commence in the third quarter, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vishal Exports Q2 net up 68%; issues bonus shares

Shanthi Gears Q2 sales up 30%

Rallis net profit doubles on pesticide sales

Nicholas Piramal Q2 net profit flat at Rs 54.9 cr — Domestic sales drop on Phensedyl controversy

Sangam net rises 86 pc

Zee Tele Q2 net down 38 pc

Samkrg Pistons net up

Hero Honda Q2 net up 22 pc on higher volumes, cost cutting

KPIT Cummins net up 19% in Q2

Satyam closer to $1-b mark — Q2 net up 34 pc; revises outlook upwards

IDBI net profit at Rs 132 cr

Allsec net doubles