The Hindu Business Line : KPIT Cummins Q2 net up at Rs 14.1 cr

Pune, Oct. 18 IT, engineering and BPO player KPIT Cummins Infosystems Ltd has recorded revenues of Rs 149.2 crore for the second quarter of the current fiscal, up by 30.88 per cent compared to the corresponding quarter of the previous year.

Mr Ravi Pandit, Chairman and Group Chief Executive Officer, said revenues in the previous quarter this fiscal grew by 41.13 per cent while sequential growth was 13.35 per cent.

During the second quarter, the net profit was Rs 14.07 crore, an increase of 13.97 per cent over the corresponding quarter of the previous fiscal and 10.94 per cent over the preceding quarter.

$10-m deals

Mr Kishor Patil, Chief Executive Officer and Managing Director, said the company has three $10-million deals in the pipeline over the next six months and added that utilisation has improved to 74 per cent this quarter from 71 per cent in the first quarter.

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