KPIT Technologies Limited Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018; Provides Effective Tax Rate Guidance for the Financial Year 2019
July 25, 2018 at 08:19 am EDT
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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%.
Birlasoft Limited is an India-based company, which is engaged in providing information and communication, computer programming, consultancy, and related activities. The Company provides a range of services, which includes digital and enterprise technologies and services. Its digital services include data analytics, connected products, intelligence automation, connected products, cloud, and blockchain. Its enterprise technologies and services include customer relationship management, manufacturing, execution systems, product lifecycle management, supply chain management, information technology (IT) transformation, applications management, testing, infrastructure, and cloud technology. Its solutions include intelliAsset, TruView contract lifecycle management (CLM), Supplier Risk Rader, submission automation, and AKOYA. It serves various industries, which include automotive, banking, manufacturing, capital markets, insurance, media and entertainment, energy and resources, and others.
KPIT Technologies Limited Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018; Provides Effective Tax Rate Guidance for the Financial Year 2019