KPIT Technologies Limited reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported revenue from operations of INR 10,138.40 million against INR 8,703.61 million a year ago. Total income was INR 10,300.44 million against INR 8,824.14 million a year ago. Profit before exceptional items, share of equity accounted investee and tax was INR 1,066.25 million against INR 699.48 million a year ago. Profit before tax was INR 1,026.65 million against INR 725.03 million a year ago. Profit for the period was INR 785.95 million against INR 555.23 million a year ago. Profit attributable to owners of the company was INR 774.33 million or INR 3.88 per diluted share against INR 554.53 million or INR 2.78 per diluted share a year ago.

For the quarter, on standalone basis, the company reported revenue from operations of INR 4,203.83 million against INR 3,131.60 million a year ago. Total income was INR 4,339.76 million against INR 3,272.72 million a year ago. Profit before exceptional items and tax was INR 761.04 million against INR 302.45 million a year ago. Profit before tax was INR 761.04 million against INR 328.00 million a year ago. Profit for the period was INR 591.62 million or INR 2.96 per diluted share against INR 278.43 million or INR 1.40 per diluted share a year ago.

For the financial year 2019, effective tax rate for the level is 22%, 23%.